Daily Reading on the Financial Markets: 8/16/11
Felix Salmon points out that S&P earnings yields are at historically low levels relative to Treasury yields.
“George Washington”, a regular Zero Hedge contributor on all conspiratorial matters, suggests the cover-up on Fukushima continues and radioactive rain can be expected stateside.
Chris Kimble suggests that, at least short term, the bias is upward.
Do low P/E multiples and record margins signal it’s time to buy? This guy thinks so.
Robert Zoellick of the World Banks says we’ve entered a “new and more dangerous phase.”