This Week on TRB

Here were the most read posts on TRB this week, in case you missed them: Show me the Mania Lo Siento Lifestyle ETFs and investment products based on belief systems Twitter IPO Post-Mortem Most Innovative Under 40 List  

“We are not the mistakes of our past.”

The former boiler room king, Jordan Belfort, is ready for his closeup as The Wolf of Wall Street heads into theaters this December. I loved his book and I had met most of the old Stratton Oakmont guys fifteen years ago during my early days in the Long Island brokerage scene. I’ve always said that…

The thing about bank loan funds

From January through May I had wholesalers from all the big ETF and mutual fund shops in my office pitching us bank loan funds as a diversifier and an interest rate hedge for our income-focused models. State Street rolled one out as an ETF with Blackstone / GSE doing the portfolio management. iShares had one…

Twitter IPO Post-Mortem

I don’t really like the term “post-mortem” because nothing actually died today or whatever. But it’s late and I’m tired, having spent three straight days running back and forth from the floor of the NYSE into meetings and conference calls. Also, the life insurance company just told me they want a colonoscopy done, sick perverts….

Carter Worth: Breadth Has Been Deteriorating

There are a million different ways to observe market internals and breadth, but only a few important ones. Measuring the amount of stocks above a given moving average makes sense – as the broader market makes keeps making new highs, the last thing you want to see is leadership narrowing and less stocks in their…

Twitter Debuts on the NYSE

pic via @AnthonyQuintano The stock has yet to open as of this posting but opening price chatter is north of 40 per share. This would be a substantial print if it happens, a victory for both the company and the underwriters. And then we see if it holds. In the meantime, the broader markets are…