Joshua M Brown

The only net buyer of US stocks left…

The corporation! Buybacks have continued, although as BofA Merrill notes, they’re off the highs we saw at the end of last year, beginning of this year. Merrill Lynch’s Equity and Quant Strategy team, led by Savita Subramanian, takes a look at the trends within their own customers’ accounts to get a sense of who’s buying…

Systematic Suckers

Do investors have a habit of buying high and adding more to the funds in their portfolio right after they’ve run up? Does Courtney Stodden have lower back pain in her future?  Buying high is so prevalent that it looks almost systematic when plotted on a chart. One such example comes from a blog post at the…

Larry Page: Maybe we should all be part-time workers

What if everyone were a part-time worker? Google founder and CEO Larry Page has a fascinating take on the future of our labor market. In a just-posted video from a recent appearance, Page cites the fact that 90% of the population were farmers in 1900 and, by 2000, just 2% were – so we shouldn’t…

“this credit cycle’s final trade”

via Eric Peters of Peters Capital Group: “Should have known what to expect,” he said, laughing at his own idiocy. “When you move into a house filled with 19yr old derelict degenerates, there’s no going to sleep early.” But refusing to cut and run, he traded out of the position. “I figured if these morons…