If there is a single buzzword that’s taken up ubiquitous residence in the most fashionable quarter of ETFtown these past few years, it’s “Ex-Financials” – index products designed to give you exposure to a given geography or market but with the financial stocks left out. The reasons are obvious, nobody wants to have exposure to…
It doesn’t work that way.
it doesn’t work that way, you can’t just write them off.
Hot Links: Bow Down and Tremble
Your morning financial links, expertly curated.
The Three Costs of QE3
There are three major costs of the Fed’s just announced QE 3 that we should probably start talking about now that the initial magic has worn off in the equity markets. So let’s all towel off and focus. I’ve heard these items discussed elsewhere but in much different terms – either for the purpose of…
The Cost of Financial Repression
“Why can’t interest rates just always be close to zero, so long as inflation remains in check?”
Throwback: The Hedge Fund Fantasy Football League
Wall Street’s most exclusive and secretive competitions: A fantasy football league where the total purse is $1 million.
Math isn’t an Edge
Tell me something I don’t know.
Bill Nygren: Why Macro Matters Very Little
Video.
Today in Karaoke: Who the hell is this girl?
Video.
Meet Sandy Lewis, the Original ‘Reformed Broker’
“He refused to sit at the Four Seasons trolling for inside tips and paying for call girls for clients.”