Daily Reading on the Financial Markets: 11/29/11
Cam Hui, Humble Student of the Markets, looks for signs that a Lehman moment may be near, and finds a few potential “canaries in the coal mine.”
At Minyanville, Michael A. Gayed remains focused on European problems and says “nothing’s changed.”
Mish says the same thing: nothing’s changed, looking at European sovereign yields that remain dangerously elevated.
In John Hussman’s most recent commentary, he questions the assertion that Corporate Balance Sheets are their strongest ever, finding that intangible assets and debt have grown significantly.
Chris Kimble notes that the US Dollar held Fibonacci support and created a bullish wick Monday.
At Macrostory, Tony Pallotta notes that currencies and bonds did not support the optimism seen in equities on Monday.
Wolf Richter at Testosterone Pit on possible bribery scandal at the ECB.