Daily Reading on the Financial Markets: 12/24/11
I don’t expect to post tomorrow… so let me say, Merry Christmas and Happy Holidays! Thanks to all of you who stop by now and again to see what’s posted. Hopefully I find some decent reading material for you from time to time.
Scot Paltrow from Reuters on the rampant fraud and robo-signing practices of Big Banks, and the utter lack of prosecution by their enablers, errr, our “protectors”, i.e. law enforcement. Barry Ritholtz comments on the article.
Tom Lauricella at WSJ points out that economic optimism is reaching (dangerously?) bullish levels.
Ace technical analyst Christ Kimble notes that both the S&P and VIX are test supporting/resistance.
My own article from SA noting how the VIX has collapsed while other markets are still flashing caution signs.
Doug Short’s updated charts for the ECRI Growth Index, which ticked slightly downward in its December 23 release.