Daily Reading on the Financial Markets: 2/14/12
John Hussman remains skeptical of the market, calling it “overvalued, overbought, overbullish” and possibly nearing exhaustion.
Cam Hui at Humble Student of the Markets thinks it’s time to buy low-quality equity; “rent the junk” as he says.
Zero Hedge notes that, despite the ECB’s continued assistance, European credit continues to weaken.
Tony Pallotta at Macrostory notes, among many other things, both SPX and VIX appear to be breaking out – simultaneously.