Finance ministers and central bankers from around the world gather at the Group of 20 meetings in Istanbul this week. Christine Lagarde is the belle of the ball, while Janet Yellen may be wondering why she even bothers with these people. photo via WSJ These were the most read posts on the site this week, in…
Joshua M Brown
Meanwhile, at the “Best House in a Bad Neighborhood”…
My CAPE (cyclically adjusted price earnings) ratio reached 27.60 at close of market today, passing 2007 high. http://t.co/XbP0eZ2TA7 — Robert J Shiller (@RobertJShiller) February 13, 2015 USA Number One! is the rallying cry of today’s market pundit – it’s both a reflection of the last three years’ worth of outperformance by US stocks as well…
This is the big one
It’s been said that until an index breaks above a pre-established high, it remains in a secular bear market and is guilty until proven innocent. The S&P 500 finally broke above its prior peaks from 2000 and 2007 back in 2013 but the Nasdaq had a long way to go to get back to the March…
stop it
Six years ago, a fund of hedge funds guy bet Warren Buffett a million dollars that his well chosen portfolio of five funds would beat the returns of Buffett’s chosen vehicle, Vanguard S&P 500 fund. Needless to say, it’s not much of a contest. Said fund of funds guy is now offering up the following reasons…
QOTD: Dr. Kahneman to Financial Advisors
If you’re a financial advisor and you present yourself to clients as someone who can predict future events, you’re going to lose those clients soon enough. And it will be well-deserved.
Hot Links: High Beta Guys
Check out this link.
Will Wonders Never Cease?
It’s a pretty great time to be alive and investing, all things considered. MarketWatch: Shares of Apple closed up 1.9% at a new record high of $122.02 on Tuesday, pushing the iPhone maker’s market capitalization above $700 billion for the first time. As of Tuesday’s close, the Cupertino-based company was valued at $710.8 billion, making…
Mess With Texas
Oil price declines are now wending their way through the real economy, for better and for worse. In Texas, a capital of the shale boom, the effects are decidedly negative. Bloomberg News is reporting that “20,193, or 38 percent, of the 53,041 announced job cuts in January were in the energy industry,” according to data from…
Hot Links: Sexytime
What I’m reading this morning
‘Straight Outta Compton’ red band trailer hits! (NSFW)
I don’t have time to explain why this is really cool and I totally get that if you’re not from my generation you’re not into it. F. Gary Gray directs, and yes, Ice Cube is played by his own real-life son (O’Shea Jackson Jr), so the resemblance shouldn’t totally shock you. All living members of the…
