Daily Reading on the Financial Markets: 11/11/11
John Hussman’s recession indicators agree with the ECRI outlook, concluding recession is a near certainty.
James Kostohryz warns that the divergence between credit and equities isn’t likely to be resolved happily. From Seeking Alpha.
From Zero Hedge, Jim Grant observes that the ECB is attempting to put on the MF Global trade (when in doubt, lever up).
Chris Kimble, one of my favorite technical analysts on the web, notes that the Nasdaq 100 appears to be breaking to the downside of a rising (bearish) wedge, and contrasts that with the notion that Treasuries have not broken to the upside.
This is off the beaten track for this blog, but some some random tidbits on 11/11/11.