Monday, November 16, 2009

Rail Traffic - A very bullish sign?

The most interesting weekly statistic last week was rail traffic, which held steady. Why is that interesting? Because by now rail traffic should be well into its seasonal decline (last year the decline was a "cliff dive"), but traffic has generally held steady at September-early October's levels or even improved, as shown on this graph:



This is a bullish sign for the economy if this keeps up.

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