http://tradersutra.blogspot.com/2010/08/l-i-q-u-i-d-i-t-y.html
The Economy even though is not technically going into a double dip recession is still very weak. For many the first recession never ended. They are still fighting their first depression.
Housing is a complete disaster and the foreclosure problems will only add to the malaise.
Private sector payrolls added some 150K in the month of October yet the unemployment rate didn't budge. This is politically a major problem for Obama.
Consumer credit last month did nudge higher but that was non revolving credit. Revolving credit took it on the chin once again.
This chart of the Highbridge Stat MKT NEUTRAL Index has been making the rounds today. From this market liquidity has crashed the last few days.
Were the last few days of gains in the averages just window dressing to get individual investors in on the ponzy?
Is an impending correction upon us?
via StockCharts.com
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