The pundits are now saying the recovery is for real this time, so I suspect one more time the market if going to go down. However, I think it is time for me to start to think about the economy and recovery for myself, rather than believing what other folks think.
From what I know about economics, there is the time to look at the economic indicators, for oneself and see what they are actually doing rather than trusting the pundits.
As amateur economist, we must first identify the list of leading economic indicators and lagging economic indicators. And then choose the one we think we can believe in based on previous performance and availability of data. Finally, we should track this indicators.
List of Economic Indicators:
Tracking the direction of the indicators:
http://www.marketwatch.com/tools/marketsummary/calendars/economic.asp
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