What I'm reading this morning:
- The Fly: "Let’s not kid each other any longer, friendo: this is a severe bear market, wrapped inside of a bull." (iBankCoin)
- SocGen: Don't fight the ECB, buy European stocks for 2015 (MarketWatch)
- The worst year for hedge fund closures since the financial crisis (don't worry, they'll just come up with a new name and reopen minus high water mark) (Bloomberg)
- Tim Duy: Yes, I am Optimistic (Economists View)
- Uber is now raising money directly from Goldman Sachs wealth management clients (Fortune)
- Two important points from David Merkel on oil and bonds (Aleph Blog)
- SHOTS FIRED: Brand new James Montier white paper at GMO - Maximizing shareholder value is the "world's dumbest idea" (GMO)
- PIMCO's Ryan Blute makes the case for price-agnostic benchmarks and using the "right" smart beta to measure returns (Institutional Investor)
- Reports of Cash's Death are Premature (Wall Street Journal)
- What if commodity weakness is not just a supply problem but a demand problem too? (Dr. Ed's Blog)
- Op-ed: The Moral Case for Fossil Fuels (Wall Street Journal)
- Buy the dip on energy stocks? What do the charts say? (Stockcharts.com)
- These are the most endangered shale producers right now: (MarketWatch)
- Update - Christian Bale: Still the man. (Wall Street Journal)
