The above from the sparklingly brilliant Izzy Kaminska at FT, be sure to read the whole thing.
Is the market undergoing a re-rating?
Jay-Z remarked “It was all good just a week ago” on the seventh track off 1998’s Vol. 2…Hard Knock Life album. While Hov was referring to a partners-in-crime relationship gone bad, he could’ve just as easily been talking about the fall of 2014 in the US stock market. There haven’t been a lot of new noteworthy…
“the one looking for a greater fool will eventually find that fool by looking in the mirror.”
Today, after the stock market has gone straight up for five years, investors are faced with two extremes: Go into cash and wait for the market crash or a correction and then go all in at the bottom, or else ride this bull with both feet in the stirrups, but try to jump off before…
This Week on TRB
Cartoon by Matt Davies, Newsday These were the most read posts on the site this week, in case you missed them…
Muddy Road
Tanzan and Ekido were once traveling together down a muddy road. A heavy rain was still falling. Coming around a bend, they met a lovely girl in a silk kimono and sash, unable to cross the intersection. “Come on, girl” said Tanzan at once. Lifting her in his arms, he carried her over the mud….
Guest Post: What to Do During a Market Correction
We have a guest post today from my friend Alex Tarhini, who is an impossible combination of clever and handsome and still single, ladies. I found myself nodding my head reading this… *** What to Do During a Market Correction Hedge Fund Managers: 1. Let clients know that you saw this coming and that of course…
Hot Links: Satan Signal
What I’m reading this morning
Why did the stock market plummet today?
Why did the stock market plummet more than 330 points today? I could give you any one of several answers but they won’t actually help you. Because this is the wrong question. The right question is to ask why it went up an almost equivalent amount yesterday. And the answer to that is people are…
Clips from the Halftime Report: Icahn Edition
Carl Icahn and his son came on my show today to discuss a new proposal for Apple and to savage Marc Andreessen in retaliation for Marc’s anti-Carl rant last night. It’s all very highbrow stuff, check it out below:
Chart o’ the Day: Which ETFs are we buying this year?
BlackRock’s latest monthly report on flows in the exchange traded product (ETP) space has some great information in it. The headline is that, through September, inflows for all ETPs totals $124.2 billion, putting us within reach of 2013’s full-year intake of $190.2 billion. Here’s a look at where the money’s been going thus far in…
