Good Monday morning! Here are some expertly curated reads to start your week:

• The Market’s Blowout Woos Investors From Sidelines (WSJ) but see Fun Fades at Investing Clubs (Yahoo Finance)
• Recent Research Supporting the Value of Technical Analysis (Phil Pearlman)
• Morningstar Star Ratings: Do They or Don’t They Predict? (Fiduciary News)
• Ray Dalio Schools You on the Great Rotation Debate (The Reformed Broker) see also Is this a good time to buy stocks? (Econbrowser)
• Great, and not so great, inflation expectations in Japan (FT Alphaville)
• Why Capitalism? (Slate) see also Is capitalism ignoring the writing on the wall? (Diane Francis)
• Amazon, Apple, and the beauty of low margins (Remains of the Day) see also A crazier prediction: iPhone Plus is real, and huge (Macro.org)
• Why Microsoft’s Office 2013 Subscription Model Will Flop (PC Mag)
• Super Bowl Ads (USA Today)
• Drone Home (TIME)

What are you reading?

 

The Market’s Blowout Woos Investors From Sidelines

Source: WSJ

• Morningstar Star Ratings: Do They or Don’t They Predict? (Fiduciary News)

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.

10 Responses to “10 Monday AM Reads”

  1. DSS10 says:

    Your Government ideological jihadists at work!

    “With enormous struggle, the sluggish economy managed to create 2.2 million jobs last year. But beginning at the end of this month, at least half that amount — more than a million jobs — will start to disappear because of a mindless government austerity program that no one in Washington seems able to stop….

    …..With the economy teetering on a knife edge, it is clear that this is the worst moment to initiate an indiscriminate budget cut. Government spending at this time can spell the difference between growth and shrinkage. But Republicans are willfully blind to this reality. Senator John Cornyn of Texas, the second-ranking Republican, called it a “Keynesian pipe dream” last week, saying that only spending cuts will help the economy…..

    ….The money could be raised by eliminating tax loopholes for energy companies, hedge fund managers and other high-end recipients of federal largess, but Republicans won’t even consider the idea. “The tax issue is finished, over, completed,” Mitch McConnell, the Senate Republican leader, said recently…..”

    http://www.nytimes.com/2013/02/04/opinion/a-million-jobs-at-stake-with-sequester.html

  2. AHodge says:

    I hang on dalios every word
    so thanks to josh for the transcript
    i cant tell for sure form that last paragraph if he is short or long europe
    cites europe deleveraging positively
    but ” depression” and “social unrest” cant be good
    the europe short is taking a long time
    keep telling meself dont be early for anything big
    but its movin down last few days i do a little more

    my europe scenario is
    ECB did save sovereign ratings, brought the credit spread interest curve down from peaks
    and draghi happy talk is boosting confidence and markets a little
    this IMO is not going to stop the credit starved economy from continuing its last three months data collapse
    even Dalio says a needed deleverage credit depression
    needs to be managed and offset– they are so not doing anything there.

  3. Mike in Nola says:

    Always count on Dvorak to stir things up even if he’s usually wrong. He’s the curmudgeon they wheel in for “interesting” opinions, sorta like Santelli. Actually, the Office 2013 subscription is a no-brainer for most families of more than two people. The more kids you have living at home, the better deal it is.

  4. Bob is still unemployed   says:

    Is the Too Big To Jail paradigm getting more attention?

    Since the excellent Frontline report, I’ve been reading an increasing number of articles about how the DoJ apparently backed off prosecuting the bankers.

    Now it appears that Senators are beginning to ask questions of the DoJ regarding the failure to go after those who may be responsible for the meltdown.

    Two U.S. senators sent a letter to Attorney General Eric Holder today, questioning the action the Justice Department has taken so far against major banks for their role in the financial crisis.

    Sens. Sherrod Brown, the Democrat Chairman of the Banking Committee, and Chuck Grassley, an Iowa Republican who is a ranking member of the Judiciary Committee, said in the letter that the settlements that had taken place were “disproportionately low,” and led to concerns that Wall Street banks received preferential treatment….

  5. willid3 says:

    have to be a small fry to get caught for fraud?
    http://www.businessweek.com/articles/2013-01-31/mortgage-fraud-prosecutors-pounce-on-a-small-bank#r=hp-ls

    and this bank had very few losses on its loans. unlike certain TBTF banks

  6. beaufou says:

    The Slate article about Janeway is interesting.
    I’ll add to the “jeremiads from the left” who were once centrists, but I guess pejorative terms are pinned for a purpose.
    For a bunch of people who have just blown up the World Economy, this surely sounds like an NRA pile of dung, speculation doesn’t impoverish people, people impoverish people. Yeah, go give that line of shit to starving kids whose parents can’t afford food or the common man who has to pay $4/gallon for gas to get to work. While you’re at it, humiliate the poor a little more with drug tests for their food stamps, might as well make them wear a greenback star.
    And enough of this risk bullshit, it’s called interest rates, the fact that getting your money back on losing bets nowadays doesn’t make it acceptable for those of us who don’t have the privilege of shoving our deficits up the Government’s ass and call it a bailout.
    You’re brave? everyone’s brave, driving cars, crossing roads, oil tanks in the basement, enough is enough of this braveness crap, you ain’t brave, you’re playing with monopoly money and getting away with all the fraud in the world.
    Unless you somehow mindlessly believe Corporations and Wall Street will one day fuel innovation out of the goodness of their heart, Government is and will remain the primary source of progress, running a deficit, surely, but who the hell is going to pay for your hovercraft asshole?
    It’s not like we have a common good as far as the country is concerned, we have a right to happiness, our common good is to keep your asses in business so Government doesn’t collapse, you know it, we know it, show a little humility, acknowledge your privilege, keep paying politicians to decay society a little more and shut the fuck up, that would make all of us a little happier.

    Now I feel better, sorry about that BR, should really have left it on Slate’s comments.

  7. AHodge says:

    S&P to face justice dopt civil suit
    http://www.ft.com/intl/cms/s/0/c175fc48-6f03-11e2-b6da-00144feab49a.html#axzz2JwJPlsU6

    bout time,
    since the SEC who regulates them is silent except for attacking the good one i know
    Egan Jones

  8. willid3 says:

    beginning of the rating agencies paying for their part in the collapse?
    http://www.huffingtonpost.com/2013/02/04/sp-civil-charges_n_2616986.html