Book recommendation: Jesse Livermore Boy Plunger: The Man Who Sold America Short in 1929 by Tom Rubython is the best book on the legendary trader. (Aleph Blog)
Quote of the Day
"Everyone giving investment advice has some conflicts of interest, no matter how he charges. And no amount of regulation can exempt you from the responsibility of being a skeptical and attentive investor."
(Jason Zweig)
Chart of the Day
How the stock market performs before and after big drops and rallies.
Markets
- The three legs of the August sell-off: oil, credit and momentum. (csen.tumblr.com)
- A trick for dealing with gappy markets. (thereformedbroker.com)
- No more than 70% of stocks are in a corrective mode. (disciplinedinvesting.blogspot.com)
- A bunch of signs of risk aversion. (soberlook.com)
- Spikes in volatility usually hang around for awhile. (mktstk.wordpress.com)
- A buy signal for European stocks. (ftalphaville.ft.com)
Declines
- There is no stock market without the prospect of declines. (thereformedbroker.com)
- Double-digit declines happen to clear out the system. (awealthofcommonsense.com)
- The price of a long-term perspective, in that sense, is sometimes short-term turmoil. (newyorker.com)
- What's you max pain point? (pragcap.com)
- Why you should avoid the "I told you so" crowd. (fmdcapital.com)
- 10 quotes about market corrections. (ivanhoff.com)
Strategy
- Why "So what do you think of the market right now?" is an awful question. (basonasset.com)
- How the "illusion of control" works against us. (adamhgrimes.com)
- Emotions will only give a reason not to invest. (canadiancouchpotato.com)
Offers
- The 4th annual Stocktoberfest is here. Where the BEST in fintech, trading and investing meet. Early Bird tickets are running out! (stocktoberfest.co)
- Karma Go: WiFi That Goes Wherever You Do. Join now and get $10 off. (yourkarma.com)
Finance
- Activist investors are good for business on Wall Street. (businessinsider.com)
- What the forward oil futures curve say about MLPs. (sl-advisors.com)
Funds
- Risk parity strategies are not a "magic bullet." (ft.com)
- Three ETFs for hardcore contrarians. (etf.com)
Global
- What structurally is holding emerging markets back? (project-syndicate.org)
- Four reasons why China is a big deal to the rest of the world. (ft.com)
- A smooth landing for the Chinese economy is going to be a challenge. (econbrowser.com)
Economy
- There is little sign of US economic weakness. (valueplays.net)
- The time for the Fed to hike is September. (macrofugue.com)
- 6 reasons why the Fed is on pause. (soberlook.com)
Earlier on Abnormal Returns
- Research links: unusual news. (abnormalreturns.com)
- Bear markets: a feature not a bug. (abnormalreturns.com)
- August book round-up: all the book links we ran in the past month. (abnormalreturns.com)
- What you may have missed in our Sunday linkfest. (abnormalreturns.com)
