If you are still looking for a holiday gift at this point you are for pretty much out of luck. Luckily for you everyone loves Amazon gift cards which they can use on all manner of cool stuff like an Amazon Fire Stick.
Quote of the Day
"Providing liquidity and working on price discovery are important parts of markets. They have value. Functions that have value tend to be worth something. Doing something of value tends to be profitable."
(Conor Sen)
Energy
- Energy stocks have bounced absent a crude oil bounce. (stockcharts.com)
- To add insult to injury warm weather is pressuring natural gas prices. (wsj.com)
- Gasoline prices have dropped for 88 straight days in a row. (washingtonpost.com)
Strategy
- Aswath Damodaran, "You may not be a market timer or oil price forecaster but oil prices do have an effect on your portfolio and perhaps on your investment strategy." (aswathdamodaran.blogspot.com)
- Four investment assets you can safely avoid. (blogs.cfainstitute.org)
- Under what circumstances trend following funds do well. (petewerner.blogspot.tw)
Caveat emptor
- F-Squared just settled with the SEC. Still manages $25 billion. (wsj.com)
- Why investment scams happen: people are bad at math. (news.morningstar.com)
- Always be aware of the details when looking at performance graphs. (blogs.wsj.com)
- Beware backtests. (alphaarchitect.com)
Finance
- Is disruption for disruption's sake the new norm? (dealbook.nytimes.com)
- The existential crisis facing hedge fund replicators. (ft.com)
- Is There a Future for Credit Default Swap Futures? (libertystreeteconomics.newyorkfed.org)
Bitcoin
- The glory days of Bitcoin mining is largely over. (qz.com)
- Why Bitcoin's price doesn't matter. (wsj.com)
ETFs
- Putting passive fund inflows into context. (awealthofcommonsense.com)
- The five best performing ETFs of 2014. (etf.com)
- A cool tool that lets you replicate a mutual fund's performance. (alphaarchitect.com)
Global
- Why China's stock market may be due for some consolidation. (marketanthropology.com)
- Korean stocks have been in a holding pattern for some time now. (etfexpert.com)
- How much economic potential does Cuba have? (marginalrevolution.com)
Economy
- Q3 GDP grew at its fastest rate in a decade. (washingtonpost.com)
- Consumer spending is really taking off. (bonddad.blogspot.com)
- Ignore the monthly noise: demographics are positive for new home sales. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Startup links: good ideas often look bad at first glance. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
