Godspeed to all of those souls who’ve been injured, killed or have lost loved ones this week – by my count the number is over 700 casualties and counting, between the two affected regions. Tonight we’re going to talk about how geopolitical threats affect the stock market. It’s a big topic, but there have not…

The incomparable David Horsey at LA Times on the Six Californias:   Read the column: Is America ready for six Californias? (Los Angeles Times)

The below chart comes to us from JPMorgan Asset Management’s Q3 Guide to the Markets slide presentation… A few things should jump out at you… First, this stock market recovery has now just about lapped the one that followed the 2000-2002 recession, 190% vs 101%. Second, although we are currently selling at the same PE…

We’re on the cusp of one of the greatest unplanned sociological experiments of our era concerning work habits and the limitations of technology. On Sunday, as the minute hand of the clock crosses midnight, the union workers of the Long Island Railroad may be walking off the job over a tiny discrepancy in pay. The…

Tomorrow may never come For you or me, life is not promised Tomorrow may never show up For you and me, this life is not promised I ain’t no perfect man I’m trying to do, the best that I can With what it is I have I ain’t no perfect man I’m trying to do,…

A rather interesting comment from the Federal Reserve chair Janet Yellen during today’s Senate testimony re: the stock market (via WSJ’s Jon Hilsenrath): The Federal Reserve’s focus on financial stability puts it in the unusual position of declaring where officials see asset valuations stretched and where it sees assets reasonably priced. The Fed’s semiannual report…

Remember that time, in December, when everyone was like “This is going to be the year where stock-picking works,” because “correlations are falling” and “dispersion of returns are rising” and blah-beddy-blah-blah? Nope! This is like the hardest f***ing year ever for active stock-picking managers. Especially the core managers (growth and value) who make up so much…

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