Figure 1. - S&P/Case Shiller Home Price Index - Figure 1: STOCK PRICE INDEX vs. S&P/CASE SHILLER HOMPRICE INDEX 144 143 142 141 140 139 Home Price Index (uary 2000=100, nsa) Nov 138 Source: Wall Street Journal and S&P, Fiserv, and Macro Markets LLC. 137 Figure 2. STOCK PRICE INDEX vs. S&P/CASE SHILLER HOMPRICE INDEX Home Price Index (uary 2000=100, nsa) 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and S&P, Fiserv, and Macro Markets LLC. Nov 220 210 200 190 180 170 160 150 140 130 120 Page 1 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 3. STOCK PRICE INDEX vs. PERSONAL SAVING RATE (daily,1941-43=10) Personal Saving Rate (inverted scale, percent) - Personal Saving Rate - Source: Wall Street Journal and Bureau of Economic Analysis. 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 5.0 5.1 5.2 5.3 5.4 Figure 4. STOCK PRICE INDEX vs. PERSONAL SAVING RATE 0 1 2 3 Personal Saving Rate (inverted scale, percent) Dec 4 5 6 7 8 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and Bureau of Economic Analysis. 9 Page 2 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 5. - Initial Jobless Claims - STOCK PRICE INDEX vs. INITIAL JOBLESS CLAIMS 2/18 340 350 360 Jobless Claims (inverted scale, thousands, sa) 370 380 390 400 410 420 430 440 450 460 Source: Wall Street Journal and Bureau of Economic Analysis. 470 480 Figure 6. 1550 1450 950 850 750 650 STOCK PRICE INDEX vs. INITIAL JOBLESS CLAIMS Jobless Claims (inverted scale, thousands, sa) 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and Bureau of Economic Analysis. 260 310 360 410 460 510 560 610 660 710 Page 3 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 7. STOCK PRICE INDEX vs. AMERICAN STAFFING INDEX - ASA Staffing Index - 95 90 2/11 85 80 American Staffing Index (Jun-12-06=100, nsa) 75 Source: Wall Street Journal and American Staffing Association. 70 Figure 8. 1650 1550 STOCK PRICE INDEX vs. AMERICAN STAFFING INDEX 110 105 1450 100 95 2/11 90 85 80 950 850 750 650 American Staffing Index (Jun-12-06=100, nsa) 2006 2007 2008 2009 2010 Source: Wall Street Journal and American Staffing Association. 75 70 65 60 Page 4 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 9. - US Domestic Auto Sales - STOCK PRICE INDEX vs. DOMESTIC AUTO SALES Domestic Auto Sales (million units, saar) 10.8 10.6 10.4 10.2 10.0 9.8 9.6 9.4 9.2 9.0 Source: Wall Street Journal and AutoData Corp. 8.8 Figure 10. 1550 1450 950 850 750 650 STOCK PRICE INDEX vs. US DOMESTIC AUTO SALES 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and AutoData Corp. Domestic Auto Sales (million units, saar) 18 15 12 9 6 Page 5 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 11. STOCK PRICE INDEX vs. BUILDING PERMITS - Building Permits - 690 670 650 630 610 590 Building Permits (thousand units, saar) Source: Wall Street Journal and Census Bureau. 570 550 530 Figure 12. 1550 1450 950 850 750 650 STOCK PRICE INDEX vs. BUILDING PERMITS Building Permits (thousand units, saar) 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and Census Bureau. 2450 1950 1450 950 450-50 Page 6 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 13. - LME 3-Month Forward Official Price - STOCK PRICE INDEX vs. LME 3-MONTH FORWARD OFFICIAL COPPER PRICE 0 0 9500 0 2/23 8500 0 7500 LME Copper Price ($, metric ton) 0 Source: Wall Street Journal and Financial Times. 6500 Figure 14. 1 STOCK PRICE INDEX vs. LME 3-MONTH FORWARD OFFICIAL COPPER PRICE 0 0 LME Copper Price ($/metric ton) 2/17 0 0 0 0 5000 4000 3000 2000 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and Financial Times. Page 7 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 15. STOCK PRICE INDEX vs. BALTIC DRY INDEX - Baltic Dry Index - 2200 2000 1 Baltic Dry Index 2/23 Apr May Jun Source: Wall Street Journal and Financial Times. Figure 16. 1 STOCK PRICE INDEX vs. BALTIC DRY INDEX 0 0 Baltic Dry Index 0 9500 8500 7500 6500 5500 4500 3500 2500 2/17 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and Financial Times. 500 Page 8 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 17. - AAII Investor Sentimen Bullish Readings - STOCK PRICE INDEX vs. AAII SENTIMENT BULLISH READING 60 55 Bullish Sentiment (percent) 50 2/22 45 40 35 30 25 Apr May Jun Source: Wall Street Journal and Barron s. 20 Figure 18. 1 STOCK PRICE INDEX vs. AAII SENTIMENT BULISH READING Bullish Sentiment (percent) 80 75 70 65 60 55 2/22 50 45 40 35 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and Barron s. 30 25 20 15 10 Page 9 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 19. STOCK PRICE INDEX vs. US FREIGHT CARLOADS - US Freight Carloads - 320 310 300 290 2/18 280 270 Carloads (thousand units) 260 250 Source: Wall Street Journal and Atlantic Systems. 240 Figure 20. 1 STOCK PRICE INDEX vs. US FREIGHT CARLOADS 400 2/18 350 300 250 Carloads (thousand units) 200 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and Atlantic Systems. 150 Page 10 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 21. - Citigroup US Economic Surprise Index - STOCK PRICE INDEX vs. CITIGROUP ECONOMIC SURPRISE INDEX 130 110 90 70 50 30 10-10 -30 Citigroup Economics Surprise Index (percent) Source: Wall Street Journal and Citigroup. -50-70 -90-110 -130 Figure 22. 1 STOCK PRICE INDEX vs. CITIGROUP ECONOMIC SURPRISE INDEX Citigroup Economics Surprise Index (percent) 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and Citigroup. 150 125 100 75 50 25 0-25 -50-75 -100-125 -150 Page 11 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
Figure 23. - ISM Manufacturing PMI - STOCK PRICE INDEX vs. ISM MANUFACTURING PMI Manufacturing PMI (50+=increasing, sa) 62 60 58 56 54 52 Source: Wall Street Journal and Institute for Supply Management. 50 Figure 24. 1550 1450 950 850 750 650 STOCK PRICE INDEX vs. ISM MANUFACTURING PMI Manufacturing PMI (50+=increasing, sa) 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: Wall Street Journal and Institute for Supply Management. 65 60 55 50 45 40 35 30 Page 12 / February 24, 2012 / Customized charts for Frank Turner: MIG Absolue Return www.
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