Daily Reading on the Financial Markets: 1/5/12
A stunning little nugget from Zero Hedge who estimates that 14% of the anticipated earnings increase for the entire S&P is attributable to BAC alone.
From Zero Hedge, David Rosenburg on what he sees as a growing divergence between market pricing and economic data.
In John Hussman’s first note of the new year, he continues to see an overvalued market, but gives a nod to the possibility of some additional short-term upside.
At Minyanville, Michael A. Gayed says “paper beats rock” as silver is likely to continue its recent underperformance.
Tony Pugh from McClatchey Newspapers details the unleashing of the Consumer Financial Protection Bureau now that a Director has finally been appointed.