I got a package in the mail the other day from my publisher McGraw-Hill. In it were five copies of my book Backstage Wall Street from a shipment headed to China – and my rants and raves have been translated into Mandarin! Hopefully the Chinese buy one copy for each person and I retire 😉…

So, in the final analysis was there a Great Rotation this year? I say yes and that it hasn’t fully played out yet. Some say “no” because their portfolio positioning or job they work in won’t allow them to face facts. And then some say “Yes, but…” and offer us a more nuanced view.  Here’s Nicholas…

Michael Pachter of Wedbush put out an interesting PRISM (Progress Report for Internet and Social Media) note on Pinterest over the weekend. The bottom line is that Pachter believes this could be a much bigger company a few years out given the revenue opportunity to help brands connect with their likeliest consumers (and sell them stuff)….

Will the Northerners fix the banking system this year and consider stimulus? Because if so, there could be a dramatic impact on the rest of the world… via Eric Peters at wkndnotes: Problems: “Germany is increasingly seen as part of the problem as opposed to the solution,” explained one of the mkt’s top strategists. “Europe’s internal…

I’ve featured Jesse Livermore, the pseudonymous blogger at Philosophical Economics, here on TRB quite a bit this year. He’s been smashing it pretty consistently and breaking the backs of the mythmakers at every turn. I love this bit he just wrote about how price – the unknowable – is always king in the end, despite…

I had dinner with a friend who works with advisory clients just like I do but he’s at one of the big wirehouses. His entire book of business is allocated toward active strategies – SMAs, mutual funds, in-house wrap accounts, hedge funds, funds of hedge funds, etc. Philosophically, we are miles apart in terms of…

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