Daily Readings on the Financial Markets: 8/8/11
Erik Wright on Seeking Alpha paints a private and public picture of debt-laden bearishness.
Tom McClellan of the McClellan Report optimistically notes that last week’s “washout” selling may have been a capitulation bottom (at least temporarily).
Cliff Wachtel on Seeking Alpha says that fundamentals finallly showed up on the charts.
Cullen Roche dismisses the U.S. downgrade and points to Europe for true bond market trouble.