What I'm reading this morning:
Stuff I’m Reading this Morning…
The rotation out of financials and decline in the NYSE advance/decline line are signs of rally exhaustion worth watching. (DynamicHedge)
Lil Weezy: There’s a massive confluence of major economic events out there – and it’s headed this way! (BusinessInsider)
Jeff Miller: Time to ring the register? (DashofInsight)
SocGen: This is the week we find out for sure if the Euro recession has ended. (BusinessInsider)
Meanwhile, famed value investor Bill Nygren is now crazy-overweight European stocks – 40% of his portfolio. (ValueWalk)
If bond investors are truly concerned about the Fed’s endgame for stimulus, then why are they plowing into the riskiest corners of the market? (Bloomberg)
Emerging Markets: Cheap? Or not yet? (Barrons) and (WallStreetRant)
Rich Bernstein: Seriously, how much longer are you going to hate one of the greatest bull markets in history. (NYT)
Brett Arends: No, mom and pop DO NOT hate this market – they’ve begun plowing in with reckless abandon. (MarketWatch)
Blackberry puts itself up for sale. (YahooFinance)
A bull sees stock market risk-reward now tilted toward the downside. (FatPitch)
Jim O’Shaughnessy: Sell your long bonds, sell them now. (OSAM)
Japan misses on GDP growth target in Q2. (MarketWatch)
Brian Lund: Day-trading is NOT dead, Eddy! (bclund)
Shane Ferro’s complete guide to the race for Fed Chair. (Reuters)
Noah Smith: HFTs are doing many would-be daytraders a favor by making the game even more impossible. (Noahpinion)
Tadas: Focus on performance, not philosophy. (AbnormalReturns)
The Fly: As soon as everyone began to detest social media stocks, it was time to load up. (iBankCoin)
September 10th looks to be the likely launch date for Apple’s new iPhone. (AllThingsD)
Barry: Why economics is way more art than science. (WaPo)
Hundreds of party people swarm the Manhattan bridge Saturday night and stage an impromptu flash mob party, complete with lights and DJ. (CBSNews)
A poker player weighs in on the value of building up a cash reserve. (AimlesslyChasingAmy)
JPMorgan: “there is no evidence that retail investors are very overweight bonds or very underweight equities.” (FTAlphaville)
My review of Charlie Gasparino’s new book. (TRB)
REMINDER: Backstage Wall Street is now on Kindle!
