The stock market's forward looking economic prediction for the next six to nine months of 2012, in one picture.
Commentary from today's picture:
In early 2011, the U.S. economy slowed down into what we describe as a "microrecession", characterized by very low economic growth rates, which lasted through 2011Q3.
The U.S. didn't leave those economic doldrums until the fourth quarter of 2011.
Is this a signal that forward looking investors believe the U.S. economy is about to repeat that performance?