RE: US recession indicatorYep, there is less cash coming into the markets. But this has been the case for years now. Much cash has been diverted to emerging markets. Retired folks that have stocks are net sellers, and their ranks will only be growing at an ever faster rate for years to come. Younger folks that are to replace them, aren't generating the necessary discretionary funds to get into the market - inflation and other factors are sucking them dry. The result is that the long term prospects for North American markets is that they will be anemic at best, even with a healthy world economy.