Book review: Stephen S. Cohen and J. Bradford DeLong authors of Concrete Economics: The Hamilton Approach to Economic Growth and Policy have “written an engrossing, sweeping history of the American economy…”  (Reading the Markets)

Quote of the Day

"In short, it makes sense for financial experts to recommend indexing to outsiders, and it makes sense--psychologically, financially, and intellectually--for them to behave otherwise. The conflict exists, but so do the reasons behind it."

(John Rekenthaler)

Chart of the Day

The percentage of NYSE stocks above their 50 day moving average has surged.