Daily Reading on the Financial Markets: 2/28/12

Is it just me, or is this deja vu all over again?  Is 2011 playing the part of Groundhog Year?  Commodity prices ascending.  Rising oil prices threatening the global recovery.  Europe still in hopeless shambles, but the can has not yet come to rest.  And all the while, central bankers push the global stock markets high thanks to their favorite ingredient: liquidity.  The MSG of modern financial cooking for gifted central bankers everywhere.  You don’t want to taste this economy without it.  Onto better ramblings from better writers:

From Zero Hedge, name that bubble:

You got it.  College tuition.  I’ve got a 6 year old, and I’m so grateful he’s not 16.  Hopefully this bubble has popped in 12 years.

At Minyanville, Jason Haver notes that many pieces are in place for a downside reversal, but aptly warns that “anticipating trend changes is the toughest, and most dangerous, gig in trading.”

From PragCap, 10 investing guidelines from Jeremy Grantham.

The Burning Platform suggests that Extend and Pretend is coming to an end.  Eventually – no doubt.  Soon?  I’ll believe it when I see it.