Thursday links: marble madness

Quote of the day

David Merkel, “Kids play for all of the marbles. Intelligent adults play to win a competent fraction of the marbles.”  (Aleph Blog)

Chart of the day

21862a634be11c050c229f4900405a99 Thursday links:  marble madness

FB data by YCharts

Some notable hedge funds have loaded up on Facebook ($FB) shares.  (Forbes, Reuters)

Markets

The “chase for performance” is a thin reed to build a bull case.  (The Reformed Broker)

The case for a November rebound.  (Market Anthropology)

The prospect for a real turning point in the market.  (Big Picture)

What happens if bonds and stocks re-converge?  (BondSquawk)

Strategy

Reason to favor small caps in this part of the market cycle.  (World Beta)

What role should Treasuries play in a tactical asset allocation model going forward?  (MarketSci Blog)

Corrections are discouraging: how to go to cash.  (Joe Fahmy)

Housing

Are autos a better bet than housing at this point in the economic cycle?  (Daily Ticker)

Lumber prices are still pointing towards higher home activity.  (Carpe Diem)

Why housing busts take so long to work off.  (The Atlantic)

Companies

Coffee, tea or acquisition? Starbucks ($SBUX) buys Teavana Holdings ($TEA).  (Bloomberg, StockTwits)

The New York Times ($NYT) is awash in cash. What next?  (WSJ)

Does Goldman Sachs ($GS) need even fewer partners?  (Term Sheet)

Technology

Intel ($INTC) is back to 1997 levels.  (Crossing Wall Street)

Goodbye carrier profits: on the decline of the text message.  (Marketwatch)

How Google Fiber is helping create a new startup hub.  (Michael Mandel)

Capital continues to flow into the streaming music business, now Spotify,  (Media Decoder, FT)

Finance

Congressional report puts the blame on Jon Corzine for the demise of MF Global.  (Dealbook)

Is there a stigma attached to companies who file to go public under the JOBS Act?  (WSJ)

Should corporate democracy include a say in how a companies’ political spending.  (Dealbook, Dealbreaker)

Andrew Haldane asks whether the financial system be made simpler?  (Institutional Investor)

Global

In case you had any doubts that the Eurozone was in recession.  (FT Alphaville, Dr. Ed’s Blog)

The Australian economy continues to deteriorate.  (Sober Look)

Economy

Weekly initial unemployment claims were affected by Hurricane Sandy.  (Calculated Risk, Capital Spectator)

The divergence between the US and Eurozone economies is striking.  (Sober Look)

Books

What’s Behind the Numbers: A Guide to Exposing Financial Chicanery and Avoiding Huge Losses in Your Portfolio by John Del Vecchio and Tom Jacobs is “very good indeed.”  (Reading the Markets)

A few notes on  Trade the Congressional Effect: How to Profit from Congress’s Impact on the Stock Market, by Eric Singer.  (CXO Advisory Group)

Christopher Steiner author of Automate This: How Algorithms Came to Rule Our World talks automated trading.  (The Colbert Report)

Mixed media

Helaine Olen, “You can’t separate economic status from risk tolerance.”  (The Atlantic)

10 under-rated reasons you should get an MBA.  (Eric Jackson)

How does Jimmy Fallon get such great musical guests?  (Slate)

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  • Tadas ViskantaAbnormal Returns has over its seven-year life become a fixture in the financial blogosphere. Over thousands of posts we have striven to bring the best of the financial blogosphere to readers. In that time the idea of a “forecast-free investment blog” remains as useful as it did six years ago. More »

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