Endorsement: If you are serious about trend-following then read Market Timing with Moving Averages by Valeriy Zakamulin. (Alpha Architect)
Quote of the Day
"If you are holding a life-changing pile of paper gains, consider the regrets of selling and bitcoin keeps going up, or not selling and it plunges. Which is the outcome you most want to avoid?"
(Barry Ritholtz)
Chart of the Day
The S&P 500 is at its most overbought level in 22 year. What comes next?
Markets
- It's hard to find a stock market bear these days. (bloomberg.com)
- Animal spirits raged in 2017. (thereformedbroker.com)
Crypto
- How Bitcoin millionaires can cash in without actually cashing out. (bloomberg.com)
- Charlie Munger doesn't think too much about Bitcoin. (acquirersmultiple.com)
- Despite their many shortcomings cryptocurrencies, like Bitcoin, are here to stay. (bloomberg.com)
Apple
- Is Apple ($AAPL) really throttling the performance of older iPhones? (daringfireball.net)
- Apple ($AAPL) is planning to unify iOS and Mac apps. (bloomberg.com)
- A tale of the tape: Google ($GOOGL) Maps vs. Apple ($AAPL) Maps. (justinobeirne.com)
Funds
Economy
- Weekly initial unemployment claims continue at low levels. (calculatedriskblog.com)
- Q3 GDP growth came in at 3.2%. (crossingwallstreet.com)
- How the new tax law will accelerate the move to the South. (bloomberg.com)
Earlier on Abnormal Returns
- Startup links: no right way. (abnormalreturns.com)
- What you missed in our Wednesday linkfest. (abnormalreturns.com)
- Personal finance links: completely different risk and reward components. (abnormalreturns.com)
- Disappointed and pessimistic: why happiness hits a trough in middle age. (abnormalreturns.com)
