Current Markets

Gambling

More anecdotes / data on the gambling phenomenon I blogged about this weekend…Bloomberg News via Peter Boockvar: The ProShares Ultra Pro QQQ (TQQQ), which mimics the NDX but three times the daily exposure, collected $1.5b in the past 8 trading days, the most over this time frame since 2010. The money though came in as…

the whole story

The Barron’s cover story by Ben Levisohn this weekend is “Yes, It’s a Stock Market Bubble. That Doesn’t Mean Trouble for Investors Just Yet.” Ben does a good job of capturing the storytelling that’s led to one of the greatest stock booms we’ve ever seen: The story began easily enough, if not with “once upon…