No. of Recommendations: 3
Back on September 19th, three months ago, the TED spread peaked at 0.67 which is in the optimal zone of the above table. Since 9/19 SPY has gone up 5.4% which is an annualized rate of 24%.

While driving yesterday I occurred to me that this was not actionable at the time because with a spike one does not know if it is going to go higher. Obviously, if the high reading is into the 'danger zone' that is clear, but with a lower reading one must wait (two weeks? four weeks?) before taking action.

I will have to see if the buy signal works with a several week lag, or whether this indicator is only useful as a negative one.

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