Dow 30

This article by David Haggith was first published on The Great Recession Blog:

Submitted by Howard Kunstler via Kunstler.com,

“There is no other endeavor in which men and women of enormous intellectual power have shown total disregard for higher-order reasoning than monetary policy.

-David Collum

American Notes

Submitted by Brandon Smith via Alt-Market.com,

When we first warned 8 days ago that in the last week of trading a "Red Flag For Markets Has Emerged: Pension Funds To Sell "Near Record Amount Of Stocks In The Next Few Days", and may have to "rebalance", i.e. sell as much as $58 billion of equity to debt ahead of year end, many scoffed wondering who would be stupid enough to leave such a material capital reallocation for the last possible moment in a market that is already dangerously thin as is, and in which such a size order would be sure to move markets lower, and not just one day.

Via Dana Lyons' Tumblr,

The Global Dow Index is running into its long-term Down trendline stemming from the 2007 all-time peak.