My afternoon train reads:

• Gold Futures Sink Most Since 1980 While Stocks Tumble (Bloomberg) see also The Price of Gold Is Crashing. Here’s Why (Businessweek)
• The value of social sentiment (MarketWatch)
• Why E.T.F.’s Won’t Solve Our Behavioral Problems (bucks)
• Value Investing Is Not Dead. (I Heart Wall Street)
• A Brief, Opinionated History of Taxes in America (The Awl) but see 5 charts that will make you feel better about paying your taxes (Wonkblog)
• SCOTUSblog: A totally unsexy, vitally important blog that should be talked about as much as BuzzFeed (pandodaily)
• Who Will Succeed Bernanke? Who Should? (WSJ)
• Bank regulators gain ground against too-big-to-fail bailouts (Reuters) see also Europe’s banks need to be recapitalised – now (
• I was a political astroturfer (Salon)
• The spammer who logged into my PC and installed Microsoft Office (ars technica)

What are you reading?


Gold, Stocks No Longer Dancing Together

Source: WSJ

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.

4 Responses to “10 Monday PM Reads”

  1. rd says:

    That was an intersting read on value investing. The odd thing about it was most examples were in the software and related parts of the tech sector which is really hard to understand as a value investor. A sector where high school students are coming up with algorithms that established companies buy for 10s of millions and you have to invent an entire new product line that has never existed before (except maybe science fiction) every three years just to remain in existence is a tough sector to value.

    A much better example for them to have looked at in a Graham & Dodd universe would have been something like Corning, a boring stodgy company that melts sand. However, they keep figuring out how to melt it into interesting things, like oven-proof dishes, tiles for Space Shuttles, fiber-optic cables, and the screens for iPhones. It regulary flips between a growth company and a value company, but just keeps melting sand while it does its R&D to figure out new ways to melt sand to keep new customers happy.

  2. theexpertisin says:

    With so much of social media being fed by fraudulent means, I wonder how investors can take this medium seriously when seeking positive results from wealth that is precious to them? According to the above article, they do.

    What is the new mantra? Don’t fight the Twits.

  3. Init4good says:

    Hindenberg Omen Issues Warning
    Hindenburg Omen Issues First Signal Since Aug. 2010
    by Albertarocks, Albertarocks TA Discussions

    Today the Hindenburg Omen has issued a signal, it’s first since August of 2010. But it’s with a cursed asterisk courtesy of the WSJ. I’m going out on a limb (but not by much) by making this declaration because according to the official source of the data, the WSJ, only 84 new 52 week lows were attained today while 87 were required for the signal. The minimum required number of 87 new highs was attained. We’ve seen enough of this my friends. At least a half dozen times in recent years we have seen the data from the WSJ get “pinned” just shy of requirements for the HO to go off. Each time that happened a sharp market sell-off ensued in the days and weeks following. There comes a time when we have to recognize that just as in the game of “hand grenades”, sometimes close is close enough.