What I'm reading this morning:
Stuff I’m Reading this Morning…
Bespoke’s roundup of crucial market index charts is a good jumping off point today: (Bespoke)
Fightin’ Joe Donahue: This freakin’ stock market…. (UpsideTrader)
Sad trombone playing for Citi – which has had its capital return plans rejected by the government. You’ll get ’em next time, champ. (DealBook)
Five takeaways from the Fed’s stress test results – great post. (WSJ)
In 2013, investors and their advisors threw $67 billion at bank loan mutual funds and ETFs. Will they regret it? (Morningstar)
Why value investing is so difficult (Russian Edition). (MebFaber)
European investors are adopting ETFs at a rapid rate – they actually have more of them listed than America does. (ETFTrends)
NCAA may be forced to abolish slavery a few hundred years after the rest of the nation has. (BloombergView)
Will Japanese stimulus cash continue making its way into acquisitions around the world? (Reuters)
My favorite thing I’ve read this week – why high PE multiples don’t equal “Sell” and low ones don’t mean “Buy”. (PhilosophicalEconomics)
Morgan Housel’s 61 one-sentence financial rules are just about perfect. (MotleyFool)
Why is New York City’s population all of a sudden exploding? (I’m going to say Shake Shack) (NYT)
Please don’t pepper-spray the economists. (Reason)
37 Spotify listens, 24 million YouTube plays overseas – is Clean Bandit’s “Rather Be” a layup for Song of the Summer 2014? (Buzzfeed)
My book, Backstage Wall Street, available at Amazon
