Archive for October, 2012

Books Bought By Big Picture Readers (October 2012)

Click to enlarge:

Once again, its time to peruse the data to see which books TBP readers bought last month. Amazon’s embed code lets me track every click from these links — how many people look at the page, how many books get seen, and/or collectively purchased.

Its anonymous — I don’t know who bought what — but there’s lots of data on the various books generated.

These were the most popular TBP books for October:

Go the F**k to Sleep (Adam Mansbach)

Black Monday: The Catastrophe of October 19, 1987 . . . and Beyond (Tim Metz)

Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself (Sheila Bair)

Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System (Scott Patterson)

Underwater Dogs (Seth Casteel)

Memos from the Chairman (Alan C. Greenberg)

The Payoff: Why Wall Street Always Wins (Jeff Connaughton)

The Art of Contrary Thinking (Humphrey B. Neill)

Extraordinary Popular Delusions & the Madness of Crowds (Charles Mackay)

How We Know What Isn’t So: The Fallibility of Human Reason in Everyday Life (Thomas Gilovich)

Hedge Fund Market Wizards (Jack D. Schwager)

Thinking, Fast and Slow (Daniel Kahneman)

Bailout Nation (Barry Ritholtz)


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Category: Books, Consumer Spending

10 Wednesday PM Reads

My afternoon still aint got no electricity reads: • Asshat award goes to Ex-FEMA director Michael Brown; criticizes Obama for ‘reacting too quickly to storm’ (Yahoo News) • The 2011 Report That Predicted New York’s Subway Flooding Disaster (The Atlantic) see also Wireless Networks Get Hit by Outages Along East Coast (WSJ) • Freddie Mac’s ’Omniscient Gnomes’…Read More

Category: Financial Press

European Halloween

Nightmare on Wall Street Hat tip Bianco Research

Category: Bailouts, Humor, Think Tank

Costliest Storms Across North America

~~~ Adjusted for population and housing Source: NPR   Lots more charts and tables here.

Category: Digital Media, Economy

S&P 500 Index with Share Weighted Earnings Average

S&P 500 Index with Share Weighted Earnings Average YoY Gain/Loss   From Fusion’s Kevin Lane: “The lower chart panel at bottom tracks the share weighted average earnings (gain or loss) for each quarter on a YoY basis for S&P 500 Index companies. For instance, @ present, with a bit more the 1⁄2 the companies reporting,…Read More

Category: Earnings, Markets

Case-Shiller Home Price Indices Update

Home Prices continue to rise in August 2012, according to the Case Shiller: (I tried to post this yesterday, but apprently, it did not take!) Click to enlarge Click to enlarge Source: S&P Case SHiller Index  

Category: Real Estate

Eurozone Unemployment at Record Levels

Japanese PMI fell to 46.9 in October, an 18 month low, down from 48.0 in September. The reading suggests that manufacturing production will contract by -3.0% at a quarterly rate. The index of new export orders did rise to 46.7, from 46.3 in September, though its the 5th consecutive monthly reading below 50.0. Manufacturers cut…Read More

Category: Employment, Think Tank

NYC Con Edison Plant Explosion (Video)

Source: Mashable

Category: Energy, Video

Chicago PMI

Following the very mixed bag of results in most of the regional mfr’g survey’s, the Chicago area said its mfr’g index remained below 50 at 49.9 vs 49.7 in Sept and below expectations of 51.0. After falling 7.4 pts in Sept, New Orders rose by 2.9 pts to 50.6. Backlogs were up by 2.7 pts…Read More

Category: MacroNotes

The “Make Believe” NYSE Opening

Markets are set to open shortly, but I am wondering why. I’ve spoken/email/Tweeted to a substantial number of traders and fund managers — very few people seem to be operating normally, regardless of where they live. Lots of quote issues, Bloomberg not running normally, connectivity problems. This is not remotely an ideal set of conditions…Read More

Category: Markets