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Quote of the Day
"In the short-term, market downturns feel like they will never end. In the long-term, all corrections look like buying opportunities."
(Ben Carlson)
Markets
- The stock market went from an all-time high to wiping our four months of gains in record time. (sentimentrader.com)
- We've only seen a few other instances of rapid selling like this. (priceactionlab.com)
- This week is tracking to be one of the 10 worst in Dow history. (marketwatch.com)
- Markets are doing what they do when uncertainty is high. (capitalspectator.com)
- The VIX spike is quite impressive. (valueplays.net)
- The VIX futures curve is in backwardation. (washingtonpost.com)
- Markets bottom is all sorts of ways. (theirrelevantinvestor.com)
Strategy
- Higher market volatility unleashes all sorts, specifically nine type, of maladaptive behaviors. (eightfatswine.com)
- Brett Steenbarger, "Volatile, declining markets can offer great opportunity, but also can play havoc with our psychology if we're bringing habit patterns from the prior period of low volatility bullishness." (traderfeed.blogspot.com)
- Jonathan Clements, "if you were going to design a laboratory experiment to test investors’ mettle, this past week would provide a nearly perfect template." (humbledollar.com)
- David Merkel, "Best to do risk control when the market is not jumpy, slumpy, lumpy, or bumpy." (alephblog.com)
- Why you need to unglue yourself from the screens. (basonasset.com)
Companies
- Horace Deidu, "It’s not prudent to ignore a pandemic but it’s not prudent to contemplate an apocalypse will follow. Demand deferred is not demand destroyed." (asymco.com)
- Executive chairmen at Fortune 500 companies are relatively rare, enter Bob Iger. (wsj.com)
Retail
- Wal-Mart ($WMT) is creating its own Amazon Prime competitor. (vox.com)
- Wayfair ($W) wanted to be the next Amazon ($AMZN). (wsj.com)
Finance
- A big profile of Blackstone ($BX) and Brookfield ($BAM) and where they compete against each other. (institutionalinvestor.com)
- Goldman Sachs ($GS) says it doesn't need its own E*Trade deal. (bloomberg.com)
ETFs
- Ben Johnson, "Thematic funds have captured investors’ imagination, but buyers should beware. Oftentimes, these funds are designed more with salability in mind than investment suitability." (morningstar.com)
- How to convert a mutual fund into an ETF. (etf.com)
- Add the improper sale of risky ETFs to the list of Wells Fargo's ($WFC) many sins. (investmentnews.com)
Coronavirus
- Not everyone is entitled to their own facts when facing a pandemic. (nytimes.com)
- Coronavirus is forcing businesses to think about remote work and business continuity plans. (ft.com)
- There is no 'Uber for epidemiologists." (washingtonpost.com)
- Eight things you can do to prepare for coronavirus. (mentalfloss.com)
Economy
- Why the Fed is likely to cut rates. (blogs.uoregon.edu)
- But they should have done it already. (themacrotourist.com)
- Is the coronavirus going to lead to a global recession? (econbrowser.com)
Earlier on Abnormal Returns
- Podcast links: content recycling. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Startup links: exit options. (abnormalreturns.com)
- What I'm reading: the coronavirus edition. (abnormalreturns.com)
- An annual tradition: the 2020 Credit Suisse Global Investment Yearbooks it out. (abnormalreturns.com)
