Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 8/23/11

Daily Reading on the Financial Markets: 8/23/11

Chris Kimble says that gold and Treasury yields are suggesting overly extreme pessimistic sentiment (at least short term), and are hitting technical resistance.

From Zero Hedge, as was the case in 2008, liquidity is drying up among banks.  This time in Europe.

It seems like we should bounce here, but BAC CDS is blowing out, nearly reaching 2009 levels.  Yikes.  That’s not good.  Plus BAC is itself warning of dangers within the system.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: