ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Monday, June 16, 2008

 

tent cities


sometimes it's quite hard for people to imagine, regardless of the warnings from within the financial community, the possibility of a deep, prolonged, deflationary recession. part of that disbelief is a lack of material signs. abstract monetary indicators are one thing; burgeoning crowd of homeless and dispossessed are another.

so witness, via mish, a disconcerting echo of john steinbeck's okies.

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