Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 12/22/11

Daily Reading on the Financial Markets: 12/22/11

Tony Pallotta at Macrostory notes the dramatic divergence between the Euro and the S&P after months of almost 1:1 correlation.  Guess which one is levitating?

John Hussman with another collection of thoughts and charts articulating the Bear case, specifically plummeting income tax with-holding and an economic surprise reading that is at its cycle high.

From Shadow Government Stats, before we get too excited about the strong housing starts number from yesterday, remember where they are relative to 2006.

At PragCap, Walter Kurtz points out that Credit Suisse Risk Appetite Index remains in panic mode, while the VIX is pushing towards normalcy.  Presumably a dramatic correction is due in one of the two.

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