My take is that it's just a really lagging indicator.
They seem to pretty consistently base their conclusions on data that is old, and discount more recent data. Part of it could be trying to filter out temporary price movements. Part of it could just be lazy.
But in any event, my experience is that it's typically only accurate if the market has been pretty stable for a while. Given the current environment, it tends to be pretty inaccurate.
__________________
Trying to wrap up my master mays set, with just a few left:
1968 American Oil left side
1971 Bazooka numbered complete panel
|