Daily Reading on the Financial Markets: 6/1/12
From Zero Hedge, Bill Gross sees the demise of the “little guy” going hand-in-hand with trouble for our entire monetary system.
Also from Zero Hedge, SocGen’s Albert Edwards makes Bill Gross look like a perma-bull, forecasting an S&P drop well below the intra-day lows of 2009.
And topping them both, Raoul Pal predicts that the debt and fiat ponzi finally ends, beginning in 2012-2013.
Technical analyst Chris Kimble notes that crude oil is joining copper in breaking down from a large pennant pattern.
At Humble Student of the Markets, Cam Hui mentions an off-the-radar (albeit low-probability) risk: capital flight from China.