Daily Reading on the Financial Markets: 10/22/12
Quantifiable Edges notes that the market has historically responded quite bullishly in the wake of big Friday sell-offs.
Along similarly bullish lines, Cam Hui at Humble Student of the Markets suggests that while Bears made a statement on Friday, enough bullish trends remain intact to keep him bullish for now.
No good news from Japan, whose manufacturing index tanks in October.
Technical Take notes that the failed breakout after QE3’s announcement should concern bulls, as bullish sentiment has now started to turn downward.
At WSJ, Brett Arends makes the case that, despite generations of advice to avoid “timing” techniques, it may be time to try and time the market.
From Zero Hedge, Hedge Funds continue to struggle to reconcile an awful economic environment with monetary intervention as evidence by their collective dramatic underperformance since the onset of QE2: