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Quote of the Day
"There’s a critical difference between a real-life friend and people you’ve never met whom you follow online. Yes, online trading buddies can lift you up when you’re feeling down and make you feel you belong. But real-world friends tell you when you’re wrong."
(Jason Zweig)
Markets
- Michael Santoli, "The fact is, valuation is more a background condition than a here-and-now driver of market direction." (cnbc.com)
- It's hard to find a valuation measure by which the stock market isn't expensive. (marketwatch.com)
- Just a reminder that the stock market can go down. (awealthofcommonsense.com)
- More signs that market timers are unusually bullish. (jlfmi.tumblr.com)
- A lot of investors think we are in a bubble. (allstarcharts.com)
Retail investing
- Examples of growing retail investor power keep piling up. (investoramnesia.com)
- The crowd has learned how to torture short-sellers. (theirrelevantinvestor.com)
- Retail investors have so much more access to information today than before. (awealthofcommonsense.com)
- A look at the downside of the gamification of financial markets. (epsilontheory.com)
Crypto
- Here come the crypto-related IPOs. (msn.com)
- Why we shouldn't be surprised by the lost keys problem in crypto. (ospreyfunds.io)
Finance
Retirement
- Some retirement-related issues on the horizon for the Biden administration including dealing with Medicare solvency. (morningstar.com)
- Why every American should have a 'retirement dashboard.' (privpapers.ssrn.com)
Policy
- The pandemic highlighted the long simmering problems with the unemployment system. (nytimes.com)
- Mail delays are pretty much endemic across the country. (npr.org)
- Making the case for government-funded R&D. (economist.com)
- Fire sales vs. bailouts: which is preferable from a policy perspective? (voxeu.org)
- Every school district in the U.S. approached the pandemic in its own way. (nytimes.com)
Economy
- A succinct summary of the week's economic events. (ritholtz.com)
- The economic schedule for the coming week. (calculatedriskblog.com)
Earlier on Abnormal Returns
- What everyone was reading this week on the site. (abnormalreturns.com)
- What you missed in our Saturday linkfest. (abnormalreturns.com)
- Coronavirus links: empty gas tanks. (abnormalreturns.com)
- Tired of reading? Listen to your favorite bloggers read some their recent posts. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter just for advisers. (newsletter.abnormalreturns.com)
