Book review: Trading Psychology 2.0 by Brett Steenbarger is “engrossing and challenging” and is “highly recommended.” (Reading the Markets, Eric D. Brown)
Quote of the Day
"Macroeconomic predictions are a fun parlor game but please don't make the mistake of actually believing any of them."
(Chris Dixon)
Markets
- How the oil trade blew up in the face of many hedge funds this year. (wsj.com)
- Why the stock market is at a crucial juncture. (athrasher.com)
- Money has been flowing out of high yield bond funds all year. (ft.com)
Strategy
- On the difference between a portfolio manager and portfolio management. (awealthofcommonsense.com)
- Equity market performance is highly correlated with credit spreads. (econompicdata.blogspot.com)
- Why you shouldn't be surprised that yieldcos ran into trouble. (alphabaskets.com)
- Always be skeptical when looking at historical returns. (mebfaber.com)
- What do you mean when you are talking about "returns"? (blogs.cfainstitute.org)
Offers
- Amazon is still selling the new Kindle Fire tablet for $49.99 including a buy five, get one free deal. (amzn.to)
- Modern Trader Magazine—the essential journal for professional traders and active investors. Check out this special subscription offer including a free investment classic! (moderntrader.com)
Companies
- Why a Yum Brands ($YUM) break-up makes sense. (nytimes.com)
- Yahoo ($YHOO) is need of new strategic leadership. (realmoney.thestreet.com)
- Why companies SHOULD offer earnings guidance. (alephblog.com)
IPOs
- Big startups are finding that their private valuations don't jibe with the public markets. (wsj.com)
- Brand name IPOs, like Ferrari ($RACE) are still getting done. (wsj.com)
- The story of how First Data ($FDC) came back to market. (fortune.com)
- Where did all the tech IPOs go? (fortune.com)
Funds
- How to fix the "broken" ETF market. (etf.com)
- There is an inherent problem with the short $VIX complex. (zerohedge.com)
- Don't expect too much from sustainable investing strategies. (bloomberg.com)
Economy
- Low rates are here to stay. (bloombergview.com)
- The best argument for the Fed to raise rates right now is capital misallocation. (pointsandfigures.com)
Earlier on Abnormal Returns
- Personal finance links: index fund zealots. (abnormalreturns.com)
- Startup links: outside agitators. (abnormalreturns.com)
- What you may have missed in our Monday linkfest. (abnormalreturns.com)
