My afternoon train reading:

• What is the value-added of managers  – and the all too common mistake of confusing charisma with management skills: Football’s best managers (FT.com) see also Weaning Off ‘Alternative’ Investments (WSJ)
• The Baltic Dry Meltdown Continues (WSJ)
• Are Companies More Powerful Than Countries? (Time)
• U.S. Stocks in Longest Valuation Slump Since Nixon (Bloomberg)
• ROBERT SHILLER: A Housing Bottom? What Are They Thinking? (Business Insider)
• The Yin and the Yang of Corporate Innovation (NYT)
• Wealth can be a political burden (Washington Postsee also How Romney’s Tax Rate Stacks Up To Recent Presidential Candidates’ (TPM)
NYT Goes Deeper on Chinese Apple Factory Working Conditions: Human Costs Are Built Into an iPad (NYT)
• Fighting Bullshit (MOJO: Parts 1 and Part 2)
Hilarious Tumblr blog: Newt Gingrich Judges You (Newt Gingrich Judges You)

What are you reading?

2009 low vs 1974

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

6 Responses to “10 Monday PM Reads”

  1. CANDollar says:

    If history repeats on the analog chart we have 30 or so weeks of downmarket which takes us to August.

  2. arbitrage789 says:

    Comparison with the 1974-1978 period might be relevant, but it’s worth noting that the SP500 didn’t start to decline until late December 1976, and that this decline coincided with the beginning of a sustained rise in the 90-day T-bill yield.

  3. drewburn says:

    I’d love to see the chart (2009 low vs 1974) started a different points, such as 1966 peak vs. 2000. See if there is any compression vs. The old chart? Start at ’66 vs. ’00, then match the bottom (74&09) regardless of the “weeks.” Expand or compress whatever is needed to match those two points.

    Now I guess I’m asking another question, the Dow peaked in ’66, then very slightly surpassed that in ”69, then crashed. Not sure if the S&P matched that or if the S&Ps peak in ’69 significantly outdid it ’66 peak. See what I’m getting at? As another relative example, I think the Dow peaked in ’97, but then substantially overtook that peak only after Microsoft and Intel were added.

    Things don’t repeat……….they only rhyme……..

  4. Winston Munn says:

    I didn’t think anyone could ever prove it but there it is – it all really is bullshit.