I found a good source of macro-economic indicators on the Internet. This is on the NY Times web-site. Go to the Blogs section and look for a blog called Economix. There is a really good graphic along the right side of the page. The graphic covers important macro-economic metrics such as the unemployment rate, inventory-to-sales ratio, GDP growth, consumer price index (or inflation), factory orders, durable goods orders, etc. Click for a link here.
Why are these metrics important? Looking across a broad swathe of metrics gives a good blend of the various viewpoints one should consider when forming a view of the economy and where it is headed. And it is extremely clear that while some of the indicators seem to have stabilized and are pointing to a bottom having been reached, it is by no means consistent across indicators.
We have merely gone from all bad news to mostly bad news with some stable news thrown in.