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Daily Reading on the Financial Markets: 10/19/12
It will come as news to no one that the CEO’s of public corporations are wildly over-compensated, but it’s interesting to see the claims of “competitive necessity” for that kind of compensation debunked.
Peter Tenebrarum of Acting-Man comments on the recent discussion of having the Fed cancel national debt owed it by the Treasury. My summation: be careful of pretty houses built on sand.
Chartmaster Chris Kimble still sees weakness in silver, and notes the huge risk at hand for QQQ.
From Zero Hedge, earnings misses are easily topping earnings beats for Q3… and it’s not because of excessive employee pay:
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