Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 4/12/12

Daily Reading on the Financial Markets: 4/12/12

Ace technical analyst Chris Kimble continues noting weakness, here pointing to copper, commodities and junk bonds as three good indicators that have all broken under support.

From Bloomberg, Jobless claims exceeded estimates.  Maybe there’s something to the Bear case that an extremely warm winter made for seasonal adjustments that threw perception of the jobs situation into excessive optimism.

From Phil’s Stock World, Gary Shilling believes there may be 20% downside to S&P earnings expectations.  The current estimate is around $102.  Gary thinks $80 may be more likely.

From EconMatters, the price ratio for Oil:Natural Gas has exploded higher.  After averaging 10 from 1986 to 2008, it now sits at 52.

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