Holiday book alert. Get 25% off any book at Amazon including: Being Right or Making Money by Ned Davis which is a worthy addition to your library according to Reading the Markets.
Quote of the Day
Passive investing is not in the truest sense passive anyway. Even passive investors have to make choices about what assets to include in their asset allocation and how to construct a portfolio that matches their risk tolerance.
(Sigmund Holmes)
Quotes
- Ben Carlson, "Unfortunately, when trying to catch a falling knife, timing can be everything. " (awealthofcommonsense.com)
- Brett Steenbarger, "The bottom line is that markets move much less near market tops and much more near market bottoms than we typically expect." (traderfeed.blogspot.com)
- Cullen Roche, "The important point is that this cycle is not like the 1998 cycle. It’s different and it has its own unique causes and effects. Yet we see this sort of historical backtesting in all corners of the finance and econ world." (pragcap.com)
Sentiment
Markets
- Crude oil is historically oversold. (marketanthropology.com)
- By just about any measure. (blog.afraidtotrade.com)
- Junk bond yields are higher. The question is whether it is enough. (kimblecharting.tumblr.com)
- Real interest rates are on the rise, as they should be. (scottgrannis.blogspot.com)
Strategy
- This is what happens when you go to invest in 'stupid sh*t.' (thereformedbroker.com)
- What five "ultimate stock pickers" hold in their portfolios. (news.morningstar.com)
- How to build a risk factor portfolio. (monevator.com)
Finance
- New bank charters are a rarity these days. (wsj.com)
- Wall Street is all about adding complexity, even where it isn't warranted. (blog.accelerant.biz)
- Asset managers have wildly different proxy voting policies. (fortune.com)
Companies
- Apple ($AAPL) Pay is gaining momentum. (bits.blogs.nytimes.com)
- Apple and Google ($GOOG) are fighting it out for control of our car dashboards. (adage.com)
- A handful of trends going at against Google ($GOOG) at the moment. (businessinsider.com)
Global
- Five reasons to care about Russian currency turmoil. (blogs.wsj.com)
- Russia has no good options in regards to the Ruble. (slate.com)
- How many decades did the Japanese economy lose? (bloombergview.com)
Economy
- Why many Americans are likely to get a raise next year. (linkedin.com)
- Americans are going to spend a lot less at the pump next year. (blogs.wsj.com)
- Lower gasoline prices should make for above trend growth next year. (bonddad.blogspot.com)
Earlier on Abnormal Returns
- A new edition of weekly startup/VC links including a look at startup boards. (abnormalreturns.com)
- What you may have missed in our Monday links. (abnormalreturns.com)
- A new edition of weekly academic research links including a look at the history of low vol. (abnormalreturns.com)
