What I'm reading this morning:
Stuff I’m Reading this Morning…
BAML: Sorry, the stock market is NOT expensive based on almost every important metric. (BusinessInsider)
Krugman: Don’t get too excited, Janet Yellen missed the housing bubble too. (NYT)
Ackman tells JC Penney to switch CEOs or he’s dumping the stock. (NYP)
…related: Soros redeeming the last of his invested capital in Ackman’s fund. (Reuters)
Joe Terranova’s technical look at where the markets stand – four key charts here: (Virtus)
Steve Jobs would’ve been pissed at almost everything Apple has done since he passed. (BusinessInsider)
Barry on the willingness to say “I don’t know.” (TBP)
Once upon a time, your favorite financial gurus had regular jobs… (Reuters)
Have daytraders been “automated out of existence”? (CrossingWallStreet)
James Picerno – Uncertainty never really goes away, we just forget about it sometimes. (CapitalSpectator)
Whoa – A Save-the-World Field Trip for Millionaire Tech Moguls (NYT)
Choosing to be formidable (SethsBlog)
Don’t miss The Takeaway, my daily linkfest for financial advisors (InvestmentNews)
REMINDER: Backstage Wall Street is now on Kindle!
