Sent to you by Nilesh via Google Reader:
By Roger Nusbaum: ZeroHedge posted the following list from David Rosenberg of things that people are not talking about but should be (at least this is how ZH interprets the list):
1) Hedge funds have not piled into the equity market to play catch-up.
2) The super committee did not come to a compromise (and remember Moody's has the U.S. debt rating on "credit watch" and Standard & Poor's still with a "negative outlook"... shades of August).
3) The Europeans have not managed to resolve let alone contain their credit crisis.
4) Germany has not acquiesced and agreed to having poor sovereign credits ride off its AAA rating via a "eurobond."
5) The ECB has not moved towards QE. Nor will it — have a look at today's WSJ editorial on the matter. Brilliant.
6) Mr. Market saw through the Q3 earnings season and recognized the lack of visibility in the guidance provided.
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