Re: a proposed leading indicator

[Jay Hecht]

Jim,

I like your idea!  Isn't there a "contrarinan" shool of invesment analysts who
use Time covers and the sort (I think somebody uses this at Barron's).  The
key thing, is that economists are so full of crap (most of the time) re:
"turning points" that your indicator is probably an indicator or a "hyper-
peak" in the business cycle.

Jason