Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 10/16/12

Daily Reading on the Financial Markets: 10/16/12

John Hussman suggests that Bernanke and Draghi have entranced the market while disaster settles all around, unnoticed.  As with chess, the endgame requires patience.

Reuters notes that 3rd quarter earnings have come with warnings about 4th quarter expectations.

While there are some indications the market may be rolling over, Chris Kimble notes that China’s market has reflected recent strength and high yield bonds are holding up – both bullish indicators for equities.

Zero Hedge makes that the case that the “deleveraging” of American consumers may more accurately be summarized as the bankruptcy of American consumers.

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  1. October 22, 2012 at 8:59 am

    These charge-offs really have been suspected for quite a long time.
    1. I’m glad to see the bad loans come off the books (begins the healing process)
    2. It makes more concrete the case that unpaid mortgage payments have been a significant source of growth in other sectors of the economy (read: tech)

  2. October 22, 2012 at 11:09 am

    I completely agree on both counts, Options.

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