Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on Financial Markets: 8/11/11

Daily Reading on Financial Markets: 8/11/11

Charles Hugh Smith shows how the Fed and Wall Street have lost the faith of investors, and does so with a lot of charts.

Chris Kimble notes that the 30 year Treasury is testing the 61% Fibonacci retracement of its 2008 highs – the same spot it topped out at last year.

Bruce Krasting, on Zero Hedge, says European banks are in dire shape, and U.S. Money Market funds a big factor.

Andy Lees from UBS paints a very bearish long term picture for the U.S.

Mebane Faber with an interesting look at market psychology, and how a simple change of perception can result in dramatic price swings.

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  1. August 11, 2011 at 8:39 am

    The Charles Hugh Smith piece is a must read, agreed.

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