“one particular aspect of this absurdity: the highest prices for U.S. Treasuries at a time of maximum supply. This, in itself, is an absolute financial contradiction.”
Clips from Fast Money Today
Video.
Things the Pros Are Most Worried About (from the Morningstar Conference)
Last week Morningstar held their annual investment conference in Chi-town. I wasn’t able to get there but it was heavily tweeted and the folks at M’Star have done a great job at getting the highlights online.
Russell Reconstitution Takeaways
Russell just pulled off their annual index reconstitutions, some takeaways from their own analysis:
Throwback: Richter Scale (1997)
Video.
Institutional Investors Join the Revolution
Those of you who read and react to the blogs and Twitter don’t realize it but you’re on the forefront of a revolution
Hot Links: The New Bolsheviks
Your morning financial links, expertly curated.
The New Rivalry: Traders vs Macros
The longer the uncertainty persists, the longer we’ll swim in a sea of schadenfreude – sniping at each others’ strategies out of frustration rooted in our own lack of forward progress. Crabs in a barrel. On days the market is up, the traders loudly mock the macro guys: “But, but, but…Portugal!” they taunt, as they…
I've Been Banzai'd!
Cartoon.
Dr. Michael Burry's UCLA Economics Commencement Speech 2012
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