Book review: Wall Streeters: The Creators and Corruptors of American Finance by Edward Morris is for “Experienced Wall Streeters will enjoy this book. Students of finance should be required to read it.” (Reading the Markets)
Quote of the Day
"Whether it’s the lotto or the stock broker or the fantasy sports leagues or Las Vegas, someone is always ready to take advantage of your desire for a free lunch. The sooner you start picking up the tab for your own meals, the better off you will be."
(Barry Ritholtz)
Chart of the Day
The market turnaround illustrated through the number of stocks above their 50 day moving average.
Markets
- Stock market breadth is improving. (shortsideoflong.com)
- Dividend yields are likely to be above bond yields for the foreseeable future. (sl-advisors.com)
- Trying individual bonds is wicked expensive. (blogs.wsj.com)
- The Fed and your investing time horizon. (dashofinsight.com)
- Why have bonds been doing so well on Fridays? (priceactionlab.com)
Strategy
- Stop chasing high dividend yields. (charlessizemore.com)
- Asset allocation: the difference between strategic and tactical strategies. (stockcharts.com)
- Three best practices from accomplished traders. (traderfeed.blogspot.com)
Offers
- Sign up for a free trial from Audible.com and get two free audiobooks. (amazon.com)
- Modern Trader Magazine—the essential journal for professional traders and active investors. Check out this special subscription offer including a free investment classic! (moderntrader.com)
Companies
- The new boss is the same as the old boss. Google ($GOOGL), Microsoft ($MSFT) and Amazon ($AMZN) are crushing it. (wsj.com)
- Landlords are being "crushed" under all those Amazon ($AMZN) boxes being delivered. (wsj.com)
- Apple ($AAPL) is increasingly becoming a subscription business. (techpinions.com)
- The outlook for Yahoo ($YHOO) is still pretty dim. (economist.com)
- There are only a handful of US companies with a market cap of $300 billion or more. (blogs.wsj.com)
Finance
Funds
- A look at the growing tide of alternative asset funds. (barrons.com)
- A look at some popular alternative asset ETFs. (barrons.com)
Global
- The PBoC is still in rate cutting mode. (wsj.com)
- How is Canada doing these days? (ftalphaville.ft.com)
- A growth plan for Canada. (humblestudentofthemarkets.blogspot.com)
Economy
- Is the Phillips Curve dead? (nytimes.com)
- What CEOs are saying about the economy in this week's earnings calls. (skrisiloff.tumblr.com)
- The economic week in review. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Top clicks this week on the site. (abnormalreturns.com)
- What you may have missed in our Saturday linkfest. (abnormalreturns.com)
