Staying ahead of the curveI love anything that makes my life easier, and Profit From the Evening News: Using Leading Economic Indicators to Make Smart Money Decisions by Marie Bussing-Burks does just that. Bussing-Burks promises that if you take a little time to learn about the leading economic indicators (which are read aloud almost every night on the national news) you can plan your money strategies months before the economy has actually entered bad times or good times. We all know about the importance of the Federal Funds Rate, but Bussing-Burks says you need to know more. By following the money supply, S&andP 500, durable goods orders and six other economic indicators, she says smart investors can see for themselves the coming changes in the stock market.
Bussing-Burks first explains the common and easy-to-find indicators, creates easy ways to track them (by creating your own spreadsheet) and explains how to predict where markets are going based on this data. I thought this would be tough, but it actually takes about three minutes a week to find these indicators on the TV or the Web. I may have missed the signs of the recent downturn, but with Bussing-Burks' help, I'll be way ahead on the predictors for the next upswing.