Recommendation: The Second World Wars: How the First Global Conflict Was Fought and Won by Victor David Hansen is “Strongly recommended, a shoo-in for the top tier of the year’s best non-fiction list, the writing is gripping too.” (Marginal Revolution)
Quote of the Day
"On Main Street, it's become fashionable again to talk about stocks. "
(Heather Long)
Markets
- The stock market is horribly overbought. (pensionpartners.com)
- Bearish sentiment is nearly nonexistent. (jlfmi.tumblr.com)
- Low volatility reigns supreme. (capitalspectator.com)
- Where did all the trading volume go? (wsj.com)
- There is no shortage of bearish commentators today, or three years ago, or six years ago.... (thereformedbroker.com)
Black Monday
- Don't be naive, of course another stock market crash can happen. (nytimes.com)
- Five lessons learned from Black Monday. (beta.morningstar.com)
- Why Black Monday was such a surprise. (sigma-squared.com)
- What didn't happen on Black Monday. (elmfunds.com)
- A take on just how different the world was back in October 1987. (albertbridgecapital.com)
- An oral history of Black Monday. (bloomberg.com)
Sectors
- Owning tech companies as a hedge against career obsolescence. (thereformedbroker.com)
- The case for health care stocks. (fortunefinancialadvisors.com)
- 15 cheap potentially transformational technology companies. (beta.morningstar.com)
Kindle Offers
- "Smarter Faster Better: The Transformative Power of Real Productivity" by Charles Duhigg is just $2.99 for the Kindle. (amazon.com)
- "Reclaiming Conversation: The Power of Talk in a Digital Age" by Sherry Turkle is just $1.99 for the Kindle. (amazon.com)
- "Stick with It: A Scientifically Proven Process for Changing Your Life-for Good" by Sean Young is just $0.99 for the Kindle. (amazon.com)
Energy
- Has the US shale revolution peaked? (ft.com)
- The shareholder base of MLPs is shifting. (sl-advisors.com)
Cryptocurrencies
- Alex Gurivich, "despite the rise and fall of various alt coins and fork considerations, “time” works FOR bitcoin, not AGAINST it. Every day it doesn’t disappear, it gets one step closer to a permanent status of digital gold." (alexgurevich.tumblr.com)
- An explainer for those trying to understand cryptocurrencies. (blog.chain.com)
- Open a Coinbase account, trade $100 in cryptocurrencies and get $10 in Bitcoin free. (coinbase.com)
- Early or late? That is the question with Bitcoin. (wsj.com)
- How the 'smart money' is playing cryptocurrencies. (thereformedbroker.com)
Companies
- Putting a value on how much Amazon Prime has added to Amazon ($AMZN). (aswathdamodaran.blogspot.com)
- Facebook ($FB) Messenger now sends money via PayPal ($PYPL). (venturebeat.com)
Finance
- Just how clearly does company management think about share buybacks? (humbledollar.com)
- Blackstone ($BX) is taking another crack at the HNW market. (wsj.com)
Fund management
- Is it still a hedge fund if it charges a 0% performance fee? (wsj.com)
- It's amazing mutual funds can perform this badly and still exist. (beta.morningstar.com)
Offers
- Big news! The Nintendo Switch is actually in stock at Amazon.com. (amazon.com)
- Buy 3 new Amazon Echos and get $50 off with this promo code. (amazon.com)
Economy
- The Citigroup Economic Surprise Indices were not built to forecast the stock market. (disciplinedinvesting.blogspot.com)
- Still relatively few signs of an economic recession. (econbrowser.com)
- Why a rules-based Fed is one destined to fail. (bloomberg.com)
- What CEOs had to say about the economy this week. (avondaleam.com)
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- Summing up this week's series of Blogger Wisdom posts. (abnormalreturns.com)
- Abnormal Returns appeared in the 2017 RiversHedge Best-of Awards. (rivershedge.blogspot.com)
