Review: The Second Leg Down: Strategies for Profiting after a Market Sell-Off by Hari P. Krishnan is “useful not only to hedgers but even to speculative options traders.” (Reading the Markets)
Quote of the Day
"A comparison is only as good as the universe you decide to include."
(Meb Faber)
Chart of the Day
The top 20 mutual fund companies by assets. (@MStarETFUS via @ritholtz)
Markets
- The stock and bond markets have diverged. So what? (bloomberg.com)
- Bond sentiment is ticking up from bearish levels. (twitter.com)
- Is the Nasdaq top heavy? (bloomberg.com)
Strategy
- Why stock and bond investors have completely different mindsets. (mrzepczynski.blogspot.com)
- A short guide to short selling. (deadcompanieswalking.tumblr.com)
- Four lessons learned from training successful traders. (forbes.com)
- How tax reform could affect MLP returns. (sl-advisors.com)
$0.99 Investment Classics
- The Gerald Loeb 1935 classic "The Battle for Investment Survival" is just $0.99 for the Kindle. (amazon.com)
- "Reminiscences of a Stock Operator" by Edwin Lefèvre is just $0.99 for the Kindle. (amazon.com)
- "How I Made $2,000,000 In the Stock Market" by Nicholas Darvas is just $0.99 for the Kindle. (amazon.com)
- "Extraordinary Popular Delusions and the Madness of Crowds" by Charles Mackay is just $0.99 for the Kindle. (amazon.com)
Companies
- The case for LNG shipper Navigator Holdings ($NVGS). (sumzero.com)
- Why has growth at Under Armour ($UA) stalled out? (qz.com)
- Want to bet against shopping malls? Buy a CDS on CMBS. (wsj.com)
- The hunter is now the prey. ValueAct just bought a big stake in KKR ($KKR). (businessinsider.com)
Secondaries
- Smaller companies are doing secondary sales with abandon. (bloomberg.com)
- The IPO pipeline is slowly filling up. (fortune.com)
Finance
- Family offices are a conflict of interest waiting to happen for fund execs. (wsj.com)
- How hedge funds are buying stakes in data analysis companies. (wsj.com)
- Should investors who hold their shares longer get more voting rights? (hbr.org)
- Even Warren Buffett isn't free of shareholder activists. (ft.com)
Funds
Site Stuff
- An annual membership to Abnormal Returns helps support the site and gives you access to cool stuff. (abnormalreturns.com)
- The daily Abnormal Returns e-mail newsletter has a new look and includes our full linkfests. (abnormalreturns.com)
Economy
- Weekly initial unemployment claims are rising from historically low levels. (calculatedriskblog.com)
- On the prospects for another Fed rate hike by June. (capitalspectator.com)
Earlier on Abnormal Returns
- Startup links: doing it right every time. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: the right tools. (abnormalreturns.com)
- The imposter phenomenon, illustrated. (abnormalreturns.com)
- Q&A with Michael Covel author of the Fifth Edition of "Trend Following: How to Make a Fortune in Bull, Bear, and Black Swan Markets." (abnormalreturns.com)
