the interesting things about the rebound in rail traffic is that it typically takes about 4 weeks from trough to recovery to previous year levels. In 2012 it has taken only two. While a steep recover y in rail traffic from the Christmas weeks lows is normal, it does not usually slingshot so hard. Significant strength is in the auto segment where shipments rose 50% over the previous week. Metals (think manufacturing) also rose over 10% to the upper end of the 2011 range.
When we couple this with yesterday’s temp employment report, I still maintain Q1 2012 is shaping up better than most predicted a couple weeks ago. I expect to see upwards revisions to GDP numbers coming in over the next few weeks.
In April, Li Lu and Bruce Greenwald took part in a discussion at the 13th Annual Columbia China Business Conference. The value investor and professor discussed multiple topics, including the value investing philosophy and the qualities Li looks for when evaluating potential investments. Q3 2021 hedge fund letters, conferences and more How Value Investing Has Read More