Two phenomena, occurring simultaneously, on an unavoidable collision course with each other – professional investors are selling (or shorting) the US stock market as individual investors plow in full speed ahead… CNBC.com: Looking at all stocks in the S&P 500, the median stock has a short interest of 1.73 percent, far above the average median…
So this happened today…
Does this sound more like a markets discussion or a political debate? Was this about actual policy efficacy – or a rationalization for extreme predictions that were utterly wrong? You be the judge:
Hot Links: All kidding aside…
Your morning financial links, expertly curated.
Barry Ritholtz interviews Jeff Gundlach: Masters In Business, episode 1
Congrats to my friend and partner Barry Ritholtz on the launch of his new show on Bloomberg Radio, Masters In Business! The first episode, in which Barry talks with Jeff Gundlach about his career and early influences, went live on the radio this weekend and was replayed several times. It’s also available online at Bloomberg and…
This Week on TRB
Cartoon by Mike Smith, Las Vegas Sun These were the most read posts on TRB this week, in case you missed them… The only reason investing works is because things can go wrong Let’s say you’re the best trader ever… Systematic Suckers The only net buyer of US stock left R.I.P. Cupcake Bubble (2009-2014)…
The Existential Crisis of the Nickel Broker-Dealer
Bank of New York Mellon’s Brian Shea made some surprisingly candid comments to the Pershing correspondent broker-dealers present at a conference this summer. The gist of his talk seems to have been that models need to change and choices about what services to provide and to whom need to be decided. Before the disruption comes…
Out of the loop
No linkfest this morning as I’m on my way to a doubleheader – dentist and then physical. TGIF, this should be a blast! Anyway, I leave you in the capable hands of Mr. Druce Vertes at StreetEye and Sir Robert Wile at the Business Insider for everything you need to know this morning. Back later…
Clips from Today’s Halftime Report
Four Questions for Cullen Roche
My friend Cullen Roche is out with his first book, Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance, and I’ve already begun going through it. Cullen is the proprietor of one of the top blogs in finance, Pragmatic Capitalism, and has been a pal of mine for almost five years now….
Hot Links: Fun Fact!
Your morning financial links, expertly curated.
