What I'm reading this morning:
Stuff I’m Reading this Morning…
Was that the top? (DragonflyCapital)
In light of yesterday’s vicious action, a look at negative reversals from other all-time highs. (Bespoke)
You would only be calling for a major reversal here if you thought the buyback fuel would be going away. (DrEdsBlog)
Rising volatility does not mean the market must go down. It can just as easily rise. (PriceActionLab)
Why explanations of the economy are useless for investors. (ETF)
The four decade-long ban on exporting US oil is now over. (WSJ)
Equity Crowdsourcing: Setting dumb money loose on private investments. What could go wrong? (Slate)
So you want to be a contrarian investor… (Morningstar)
Felix Salmon wrote a great explainer on why Argentina now owes a hedge fund $15 billion (and how it might get away without paying it). (ForeignAffairs)
JC’s how to trade Twitter (earnings imminent). (AllStarCharts)
“the weighted average return of all asset owners will be the weighted average return of all assets” (Indexology)
Mexico is the new China. (ETF)
Morgan Stanley got 90,000 applications for its summer intern program! (Bloomberg)
The new book – Clash of the Financial Pundits – now available for pre-order!
