Daily Reading on the Financial Markets: 12/2/11
Contrary Investor takes a look at the phenomenal volatility of the S&P, noting that it has moved 1234 points since May 1, and is right about where it started.
Andy Stern at WSJ.com on “China’s Superior Economic Model.”
At Seeking Alpha, Avi Gilbert suggests 1300+ is on the way before things get rough in 2012.
At Macrostory, Tony Pallotta incredulously notes that a “risk-on” equity rush happened as a result of Central Banks stepping in to spare the banking system from a potential “Lehman moment.” I wonder if we are seeing what would have happened if Lehman had been “saved.” Tony notes that the lack of put buying indicates that complacency has already settled on the market.