Hello. Markets failed to continue yesterday’s gains as the European selloff resumed. Now that the European markets are closed, the S&P500 is finding some bids into 50% retracement zone of yesterday’s full recovery. Anyway, the recovery is modest as there aren’t many buyers around – fear and panic being too high these days.
Here’s a collection of articles worth your attention today:
- Nobody messes with the SNB (FT Alphaville)
- Goldman Sachs: “QE3 Is Now Our Base Case” (ZeroHedge)
- Dylan Ratigan, Mad as Hell: His Epic “Network” Moment (Dylan Ratigan)
- How the Fed Got Itself Boxed In (The Big Picture)
- How to ‘fix’ a market (NY Post)
- Bernanke’s Interest-Rate Timeframe Draws Most Negative Votes in 18 Years (Bloomberg)
- Goldman Goes Short The Dollar On QE3 (ZeroHedge)
- Guess what? It IS 2008, or at least late 2007! (ZeroHedge)
- Fed’s QE3 Is the Drug the Market Craves (TheStreet)
- Sad Guys On Trading Floors (The Big Picture)
- Permanent Zero at the Fed sparks huge relief rally (Credit Writedowns)
- One Salient Oversight: Why not create new banks from QE3? (One Salient Oversight)
Good luck
Other Articles You Might Enjoy:
