Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 10/27/11

Daily Reading on the Financial Markets: 10/27/11

Two good notes from Chris Kimble yesterday, noting that the US Dollar had retraced to possible Fibonacci support, and that the S&P was flirting with a break above Fibonacci resistance.

Interesting data on income inequality from Mark Perry at AEI, including a striking correlation between average income earners per household and the average household income.

Tony Pallotta at Macrostory continues to sound the warning, calling the current market environment a “slow motion car wreck,” and pointing to continued underperformance from high yield debt securities.

New Scientist looks at whether super-connected finance networks are inherently unstable.  I for one offer a resounding “Aye!”

Paul Voker on Charlie Rose, if you have 28 free minutes for that sort of thing.

 

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