Daily Reading on the Financial Markets: 3/27/12
Jeff Harding at the Daily Capitalist notes that Bernanke isn’t communicating confidence in the economy, and is likely “warming up his helicopter.”
Walter Kurtz at Sober Look notes that the Economic Surprise Index is now trending down.
Ace technical analyst Chris Kimble points out that the Nasdaq 100 is facing Fibonacci resistance dating back to 2000.
Market Anthropology opines on the breath-taking and breathless (and volumeless) nature of the current rally.
A reminder of why Iceland is better of not in the EU (the same could no doubt be said for many of the southern European economies):