Daily Reading on the Financial Markets: 1/2/12
Happy New Year all! And with that brief salute, onto the outlook for 2012…
The Reformed Broker, Josh Brown, provides a little New Year’s pep talk.
Walter Kurtz at Sober Look explains and illustrates what a bank run in Europe looks like.
Zero Hedge speculates that the Exchange Stabilization Fund may be the real deal behind the fabled Plunge Protection Team.
At PragCap, Tom McClellan comments on the divergence between Copper and the S&P, speculating that a breakdown in the U.S.Dollar could lead to higher Copper prices, correcting the current dramatic divergence between Copper and equities.
James Altucher isn’t buying any of the bearishness and expects big, big (positive) things from U.S. equities in 2012.