Thursday links: Dow doubters

Quote of the day

Lina Khan, “Over the last decade, some of the world’s biggest traditional traders in grains, oil, and metals have quietly taken on many attributes of banks—running billion-dollar hedge funds, launching private equity arms, and selling derivatives to clients.”  (New Republic)

Chart of the day

DowSPX 0913 624x382 Thursday links:  Dow doubters

Who knew? The Dow has beaten the S&P 500 since 1980.  (Bespoke also Crossing Wall Street)

Markets

Bond closed-end funds still point to worsening liquidity.  (McClellan via @jackdamn)

Tech IPOs have been killing it in the aftermarket.  (MoneyBeat)

On the evolution of real interest rates.  (Rick Ferri)

Strategy

How to maximize your 401(k) balances.  (Morningstar)

On the misapplication of classic Warren Buffett advice.  (Marketwatch)

What is the Kiwi sovereign wealth fund model?  (Institutional Investor)

Financial advisors

How investment advisors should use social media.  (Institutional Investor)

Online startups are lining up to take on financial advisors.  (InvestmentNews)

Companies

Apple ($AAPL) makes great phones, but is not so goo integrating Internet apps.  (GigaOM)

Why Apple shouldn’t compete on price.  (Minyanville)

What Verizon ($VZ) had to pay to get its record bond offering done.  (FT AlphavilleFelix Salmon, WSJ, )

How to invest in the robot trend.  (Daily Ticker)

Finance

Rising rates are getting companies to start doing deals.  (Dealbook, WSJ)

Hilton Hotels is coming public (again).   (BloombergTerm Sheet)

The big private equity buyouts that have yet to resolve themselves.  (Dealbook)

ETFs

Competition is coming to the currency hedged equity ETF space.  (IndexUniverse)

Global

European companies continue to trade at a discount to comparables.  (FT)

Emerging market debt has overshot to the downside.  (beyondbrics)

On the return of bond risk premia.  (MoneyBeat)

Economy

Rising rates are already affecting the US economy.  (Quartz, WSJ)

Is the Fed focusing too much on the unemployment rate?  (Gavyn Davies)

Debt ceiling stupidity, redux.  (Bonddad BlogPragmatic Capitalism)

How this recovery from prior ones: declining government employment.  (Pragmatic Capitalism)

Earlier on Abnormal Returns

What you may have missed in our Wednesday linkfest.  (Abnormal Returns)

VCs vs. colleges

How VCs are like colleges.  (Baseline Scenario)

Are universities the new VCs?  (A VC)

Mixed media

Why you should buy a good office chair.  (NYTimes)

The best times to get a doctor’s appointment.  (Quartz)

How the state of Wisconsin plans to use “excess cheese brine” this winter.  (Slate)

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.

Abnormal Returns is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. If you click on my Amazon.com links and buy anything, even something other than the product advertised, I earn a small commission, yet you don't pay any extra. Thank you for your support.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus