Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 3/17/12

Daily Reading on the Financial Markets: 3/17/12

Zero Hedge notes that U.S. net tax revenue is $8B less than a year ago.  Recovery, eh?

I’ve been skeptical of AAPL as a stock for awhile, and Reggie Middleton provides this analysis on Apple’s margin compression and notes that – get this – Apple’s market cap is now equal to that of the ENTIRE S&P 500 retail sector.

Cullen Roche marvels at global equity market strength in the year to date.

Abnormal Returns remains unconvinced of the rally, noting that precious metal volatility often presages equity volatility, and suggesting that the current equity breakout may mirror the false breakout in precious metals a month ago.

At Seeking Alpha, Phil Davis says ‘stop the rally’, he wants to get off.  He compares the current teflon market to that of spring 2008.

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