You can’t even spell “capitulation”

People are starting to freak out a little. A massive amount of individual stocks have dropped more than 20 percent from their 52-week highs this fall and this is beginning to dawn on folks. The bullshittiness of the S&P 500’s year-to-date gain – driven by an ever-dwindling handful of gigantic darling stocks – is starting to lose…

Tomorrow’s Headlines Today!

Here are some of the articles you’ll be reading over the next three years… Rocky Start for Bond Big at Janus Outflows Stabilize for PIMCO Ivascyn & Co Have the Right Stuff Life After PIMCO: Bill Gross Opens Up About Firm Exit Janus Unconstrained Fixed Income Fund Smashes Sales Record Return of the King: How…

Market Data, 1929

Above, the ticker tape and market data as displayed on the day of the Crash of 1929. This was the closest thing traders had to a Bloomberg terminal. The figures above indicate the volume on the NYSE throughout the course of the day. The tape was getting later and later because of the whirlwind of…

Flipper, faster than lightning

LOL… Morgan Stanley’s wealth-management arm is having a call for its financial advisers with Pimco executives Monday to hear how the fund firm intends to deal with Mr. Gross’s departure, people familiar with the matter said. While Morgan Stanley has taken no formal action to limit Pimco funds in clients’ portfolios, some Morgan Stanley brokers…

“Do we need to fire Pimco?”

This weekend, thousands of institutional investors, financial advisors and wealth managers are faced with one of the most uncomfortable questions imaginable: Do we need to fire Pimco?  Pimco’s flagship fund, Total Return, can be found in allocations everywhere. From pensions to endowments, from 401(k) sponsors to retirement plans, in the accounts of private investors and insurance…

Eric Cartman’s Startup: The 4 Point Plan

This week’s season premier of South Park was note perfect – weaving together a narrative involving ISIS, the Washington Redskins, Kickstarter and the excesses of a venture-backed economy where funding is the endpoint rather than the start of a business, Matt and Trey absolutely crush it once again. Below, Eric Cartman lays out his 4 point…

This Week on TRB

Photo: Derek Jeter’s teammates rush out onto the field after his game-winning hit at his final Yankee Stadium appearance. (New York Times) These were the most read posts on TRB this week, in case you missed them…