It's good to research and know stuff when making a decision, but sometimes it is better to know that what you learn should just be swept into the "just stuff" pile and forgotten. This is an informative article that is a good just stuff example. It does a good job of presenting data that can toggle some emotional instrumentation in the reader. However, the M3 supply is controversial, was discontinued by the Federal Reserve for a reason, and as was pointed out in the article can be highly volatile. As we feel here at Anderson Griggs, it is unwise to make a big play on any one month's data, especially when said data is known to be volatile. By the way, the drastic one month drop of $50bn in the M3 is not really that big when you look at it with common sense. Although the FED has discontinued reporting M3 you can find reproductions at other sources- I used nowandfutures.com. As they report M3 at 13,527.88 billion, a drop of 50 billion is a change of .37 of 1% or .00369. We better start getting the life preservers out...
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