There was a time many years ago in the early 80's where the M3 indicator would come out on Thursdays at 4:15 and the market would react big, but the indicator hasn't meant anything in years. Now we have Oil Invetories that are much more important. Even Book to Bill ratios was huge for awhile. No one even talks about it now. Semiconductor move huge on that number, and entire tech sector. They kind of become OBSOLETE!! Sometimes economists realize that the numbers are scewed because of many different reasons and often they become meaningless. Then sometime in midstream they change they way they calculate these numbers making them even more confusing and less usefull. Just a matter of time when Oil Inventories decrease importance. What do you think about that?
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