What I'm reading this morning:
Stuff I’m Reading this Morning…
Killer piece from Neil Irwin: Welcome to the Everything Boom – assets are scarce and there’s money everywhere. (Upshot)
Tim Harford: Lamentations about the lack of volatility are premature – this is what normalcy feels like. (TimHarford)
Ed Yardeni: Here comes the Fourth Phase of the bull market – this is the part where we all get naked and blow lines off of CD cases. (DrEdsBlog)
My “Relentless Bid” theory got a mention in this MarketWatch explainer about why trading volume is tumbling. (MarketWatch)
All of a sudden, Apple’s hot again and Tim Cook is the man. Funny how that happens. (WSJ)
What’s the worst thing that could happen on Wall Street? How about a run on bonds? (BusinessWeek)
The trouble with using traditional multiples to asses the stock market in the short term. (ETF)
Allan Sloan’s swinging a two-handed battle axe here – Positively Un-American Tax Dodges. (Fortune)
RIP Cupcake Bubble (this one we were all right about) – Crumbs closes 49 stores and goes bankrupt. (WSJ)
Congrats to Cullen Roche on the release of his new book today, Pragmatic Capitalism! (PragCap)
Classic Rock is dying out, a FiveThirtyEight investigation! (FiveThirtyEight)
This is the first-ever issue of the Wall Street Journal, published yesterday in 1889! (WSJ)
The new book – Clash of the Financial Pundits – now available for pre-order!
