Hot Links: Risk in Disguise

Stuff I’m Reading this Morning…

S&P 500 Makes a New Bull Market and All-Time Closing High (Bespoke)

“This is a risky market disguised as a long-term safe haven.”  (PriceActionLab)

Icahn’s open letter to eBay shareholders:  (ShareholdersSquareTable)

Bill Ackman playing things very safe these days, no new positions, just seven stocks.  (ValueWalk)

Q4 GDP revised lower, not good.  (CNBC)

Facebook vs Madison Avenue.  (Digiday)

Vitlaliy Katsenelson on the insanity of buying “users”.  (InstitutionalInvestor)

Banks have been manipulating gold prices for a decade, study finds.  (Bloomberg)

150 journalism cliches – I think I’ve seen each one of these just since I woke up this morning.  (WaPo)

My book, Backstage Wall Street, available at Amazon