Daily Reading on the Financial Markets: 9/1/11
Chris Kimble notes that basic materials (IYM) is hitting multiple resistance trendlines.
Another Fed Regional Head, this time Dennis Lockhart, sings the praise of QE3.
Cullen Roche of PragCap says the economy is not collapsing, and panic is unwarranted.
Panic probably is warranted, however, in Belarus, where inflation is getting pretty hyper.
Wonder who the big buyers might be? Not stock mutual funds, whose cash levels are at an all-time low.