Are the goldbugs all fleeing for crypto currencies? Hilarious chart posted by Tyler yesterday, I had to nick it: Source: Zero Hedge
November 2013
Hot Links: Most Hated Blogger
Your morning financial links, expertly curated.
Dow breaks 16,000, S&P Breaks 1800, whatever.
No parades outside your window? How about traders on the floor of the NYSE wearing hats or blowing noisemakers? Nope. The Dow just smashed through 16,000 today for the first time in history while the S&P 500 broke above 1800. In the meanwhile, the Nasdaq is hovering around 4000. And nobody gives a f*ck. Business…
5 Bold Predictions for Online Holiday Shopping
Here’s Bob Peck of SunTrust Robinson Humphrey relaying an interesting comScore preview of this year’s online holiday shopping season… Big picture, eCommerce is set for its first $300b+ U.S. year, growing north of 12%. Mobile commerce growth accelerated in 3Q to 26% from 24% and should be a major driver in 4Q, growing >35% according…
Chart o’ the Day: Advancing Volume Explodes
Chart
Hot Links: Into Overdrive
Your morning financial links, expertly curated.
Jim Chanos on Taking Risks Early
I took the biggest risk of my life at age 33 and I was terrified. With a wife and two kids, a mortgage and almost nothing in the bank, I left my management position at a broker-dealer and dropped my Series 7. I essentially bolted from the business I had been in for a decade,…
SNL’s Rob Ford Cold Open
Video
Stock Market Valuation is a Relative Game
The S&P 500’s valuation on current earnings is more expensive than it was last year and more expensive than it was the year before. Relative to 2012 and 2011, it is not cheap. In addition, it is also expensive relative to the earnings growth rate and to the rate of growth in the US economy…
SNV: Wu-Tang Clan Twentieth Anniversary
Welcome to Saturday Night Video… via BET comes this three-part video looking back at the legacy of the Wu-Tang Clan on the twentieth anniversary of 36 Chambers, one of the most important albums in hip hop history from what is obviously the most talented rap group of all time. Wu-Tang Forever, Happy 20th! Part I…