Interesting, but it looks like the change in real estate loans is a pretty reliable indicator of recessions:

real estate loans

Well, we know that we are in recession, but there is something useful here – each bottom on this chart is leading indicator of the stock market bottom. That means whenever you have an urgent desire to jump back in for long-term position (as opposed to just trading), check this chart first. You must see a clear rebound before you even think to buy into stocks (sure, early leading sectors are the exception)