A quick and dirty couple of charts from Citi's Brent Donnelly who asks if this is the "Double Bubble."
One for the NASDAQ haters…
Silver double bubble chart along with NASDAQ chart. Similar feel.
Silver double bubble (both tops at 50)
NASDAQ double bubble(?)
Excerpted from Doug Noland's Credit Bubble Bulletin,
There was a palpable sense of disappointment among US traders who woke up this morning, expecting China to have announced another major stimulus - whether an RRR or full-blown interest rate cut - following Saturday's announcement that after 46 consecutive months of wholesale deflation, not to mention a historic market rout, China had not engaged in another round of monetary, or at least fiscal, and very much self-defeating stimulus.
By EconMatters
9.2 Million Barrels
Source: worldbulletin.net
Mark next week in your calendar as that’s when the European authorities (read: creditors) will start reviewing Greece’s progress with regards to the reforms it had to push through in order to receive another bail-out package last summer.