Quote of the day
Andrew Huszar, “Because QE was relentlessly pumping money into the financial markets during the past five years, it killed the urgency for Washington to confront a real crisis: that of a structurally unsound U.S. economy.” (WSJ contra BI)
Chart of the day
The S&P 500 has spent the last year above its 200 day moving average. (Crossing Wall Street)
Markets
Ten laws of stock market bubbles. (Doug Kass)
A look at S&P 500 sector breadth. (Bespoke)
Everything you need to know about stock market crashes. (The Reformed Broker)
Strategy
When active management makes sense. (Rick Ferri)
Ray Dalio thinks you shouldn’t bother trying to generate alpha. (The Tell)
On the dangers of not knowing what you own. (research puzzle pix)
How to tidy up your financial life. (Bucks Blog)
If you don’t know how your financial advisor is compensated you may want to figure it out. (WSJ)
Congratulations David on ten years of investment writing. (Aleph Blog)
Companies
A stock to play the Bakken Shale boom. (Vitaliy Katsenelson)
Blackberry ($BBRY) needs a miracle worker. Maybe they have found it in new CEO John Chen. (Fortune)
Hedge funds
Hedge funds have turned to trading coaches to boost performance. (Dealbook)
Hedge funds have become big players in distressed muni bonds. (WSJ)
Why are institutions so tolerant of high hedge fund fees? (FT)
Finance
Corporate boards are getting coaches on how to deal with activist investors. (Dealbook)
Good luck trying to identify the victims of insider trading. (Dealbook)
Financial innovation is pretty depressing these days. (Bloomberg)
Is it time to start trying higher ticker sizes for small caps? (Term Sheet)
ETFs
How much popularity can low vol strategies stand? (Indexology)
There is a bull market in fundamental index strategies. (Dealbook)
Now ETF firms are proposing funds on assets that don’t yet exist. (IndexUniverse)
The ETF Deathwatch for November 2013. (Invest with an Edge)
Global
Happy birthday to the Japan’s bull market. (Cassandra Does Tokyo)
Global real estate price hikes are stalling out. (FT Alphaville)
Economy
Is demand for gasoline falling on a permanent basis? (Barry Ritholtz, Fortune)
Are demographics driving slow economic growth more than commonly thought? (MoneyBeat)
Earlier on Abnormal Returns
What you may have missed in our Monday linkfest. (Abnormal Returns)
Mixed media
Game on. Sundays are like any other day for retailers. (WashingtonPost)
Black Friday is now Black Thursday. (Time, WaPo)
How much more could Wal-Mart ($WMT) pay its workers? (Fortune)
Lessons from the compelling The Everything Store: Jeff Bezos and the Age of Amazon by Brad Stone. (Mercenary Trader)
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