Hot Links: CAPE Haters

Stuff I’m Reading this Morning…

After fainting in the courtroom, SAC Number 2 man Michael Steinberg convicted on all five counts of insider trading.  (DealBook)

Ambrose Evans-Pritchard: Farewell QE, you have been a magnificent success.  (Telegraph)

Gold crashes through 1200 for the first time since June.  (Bloomberg)

Goldbugs: Everything’s gonna be fine, it’s just resting its eyes.  (MarketWatch)

Good advice from Jeff Miller: “Do not place too much weight on a single day’s trading.”  (DashofInsight)

Everyone hates the CAPE valuation metric now that it’s cost them roughly 140% of upside.  (Morningstar)

Meb Faber weighs in on the whole CAPE is Broken meme.  (MebFaber)

Byron Wein: Reflections at Year-End.  (Blackstone)

Long-term commodity bets in the context of an investment portfolio are pretty stupid.  (FTAlphaville)

Can solar stocks continue their run into 2014?  (ETFTrends)

Is the next Great Rotation into Emerging Market stocks?  (ZeroHedge)

One thing’s for damn sure – the big stock market winners of 2014 will be from industries you’d never think of.  (Ivanhoff)

Alternative funds are sometimes an alternative to making money.  (ResearchPuzzle)

Five questions to ask yourself before buying a fund.  (Morningstar)

My book, Backstage Wall Street, available at Amazon

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