Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 12/10/11

Daily Reading on the Financial Markets: 12/10/11

A collection of analyst reactions to Friday morning’s EU agreement.

From PragCap, Cullen Roche with an amusing translation of the EU Council’s press release Friday morning.

Felix Salmon wasn’t impressed with the EU agreement, and thinks it sets the stage for “a gruesome global recession.”

Jeff Harding gets uber-bearish, forecasting global depression/recession for 2012.  From Minyanville.

Also from Minyanville, Michael A. Gayed takes the other side of that trade for the short term, expecting an upward spike in equity prices to close out 2011.

Technical analyst Chris Kimble points out that basic materials remain in a downtrend, and a breakdown in cattle futures could bode ill for broader markets, as was the case in 2008.

Doug Short compares two leading indicators (ECRI vs Conference Board) that are predicting opposite outcomes.

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