Quote of the day

Brett Steenbarger, “One can be passionate about trading and yet completely neglect running a trading business, just as one can be passionate about cooking and baking and fail to run a successful restaurant. ”  (TraderFeed)

Chart of the day


The global luxury index has massively outperformed since the ’09 lows.  (Business Insider)


Small caps looks expensive.  (WSJ)

A simple valuation model shows stocks as being extended.  (StockCharts Blog)

What say the ‘Sotheby’s indicator‘ about the market?  (Humble Student of the Markets)

Perception vs. reality: a look back at the markets.  (A Dash of Insight)

Why the sudden turn in tech stocks?  (Quartz also The Short Side of Long)


Investment talent is rare. Why do you think you are going to find it?  (NYTimes)

Are you retirement account beneficiaries up-to-date? They should be.  (Jason Zweig)

Lessons learned from some mistakes about what ended up being huge stocks.  (Herb Greenberg)


What should we make of Sears Holdings’ ($SHLD) spin-off of Lands End?  (Michael Santoli)

The set-top box wars, including the new Roku Streaming Stock, are in full effect.  (The VergeWSJD, Gizmodo, Business Insider)

How walk-up clinics became big business for the drug store chains.  (WashingtonPost)


No one seems to know exactly what is the strategy of RCS Capital ($RCAP)?  (research puzzle pix)

Michael Lewis’ book Flash Boys: A Wall Street Revolt was not the first on the subject but it is likely to have the biggest effect.  (Joe Nocera)

Broadly said no one really knows if HFT is good or bad.  (Noahpinion)


The term ‘indexing‘ is getting stretched these days.  (Barron’s)

Beware when a fund changes its stripes.  (Barron’s)


Automation alone does not explain structural unemployment.  (NYTimes, Marginal Revolution)

Will “persistently low inflation” spur the Fed into action?  (Tim Duy)

A look back at the economic week that was.  (Bonddad Blog, Big Picture)

The economic schedule for the coming week.  (Calculated Risk, Turnkey Analyst)

On the use of Twitter to help forecast the economy.  (Slate)

Earlier on Abnormal Returns

Top clicks this week on the site.  (Abnormal Returns)

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

Mixed media

Why UPS ($UPS) hates left turns.  (Priceonomics Blog)

Voice is the next big thing in mobile.  (GigaOM)

You don’t have to meditate to become more mindful.  (HBR)

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