My morning reads, curated with tender loving care:

• Even Among Quants, Twitter Hoax Raises Skepticism About Tracking Social Media (MoneyBeat) see also As Wall St relies more on tech, social media can tilt the markets (WaPo)
• Mediocre Earnings and Revenues (Bespoke)
• Well, which is it?
…..-Central Banks Load Up on Equities (Bloomberg)
…..-Gold Rout for Central Banks Buying Most Since 1964 (Bloomberg)
• Wheels Are Falling Off the Commodity Supercycle (WSJ)
• World factory orders flash warning signals despite booming markets (Telegraph) but see Britain Avoids Triple-Dip Recession (NYT)
• Why gold and bitcoin make lousy money (MacroMania)
• Hazy Future for Thriving S.E.C. Whistle-Blower Effort (DealBook)
• What Advisors Can Learn From Steve Jobs (Financial Planning) see also Why Apple, with $145 Billion in Cash, Wants to Borrow Money (The Fiscal Times)
WTF? Lawmakers, aides may get Obamacare exemption (Politico)
• Ladies, the man who is deported from Saudi Arabia for being too HANDSOME. (Asiantown)

What are you reading?


Sell in May, Post-Election Year Edition

Source: Stock Trader’s Almanac

Category: Markets

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.

11 Responses to “10 Thursday AM Reads”

  1. Concerned Neighbour says:

    Re: “Central Banks Load Up on Equities”:

    You have to love the central bank logic at play here. They’re basically saying that they have to buy equities because there is no return elsewhere. Gee, I wonder why that is? Maybe it has something to do with their indefinite and ever-increasing money printing.

    I can’t wait to see what they “invest” in when the DOW is sitting at 36K in a few years (or is that a few months)? Of course it will only reach those levels if the “fundamentals” merit it, right? It will have nothing to do with institutions that can print money out of thin air buying stocks at insane valuations.

    What a truly epic farce.

  2. James Cameron says:

    > WTF? Lawmakers, aides may get Obamacare exemption

    There’s a significance difference of opinion regarding what this actually amounts to:

    No, Congress isn’t trying to exempt itself from Obamacare (WAPO, Ezra Klein)

  3. hue says:

    Did Pete Peterson Waste His Fortune?(BusinessWeak) Did the U.S. waste a fortune from the Fix the Debt Astroturf Supergroup

    Todd Harrison, Minyanville Double: Heart of the Matter, Lesson in Discipline
    Q:How do you attain 100% year-to-date results in your trading account?
    A: Generate 180% returns and then lose sight of the discipline that got you there.

    Epic Space Photos from Astronaut Chris Hatfield: “Morning in NYC. Downtown Manhattan casts quite a shadow.” (Mashable) He also sings from space

  4. farmera1 says:

    Google Can Predict When Stocks Will Tank: Study

    A fool proof way to make money. Can’t loose. Get rich now. Make 326% on your money.

    But wait there’s more.

    “The findings are scientifically “truly exciting,” Preis said, because they have implications far beyond the stock market. Online chatter could help predict disease spread, civil unrest and political elections, he said. And Google is only the beginning, he added. Wikipedia, for example, provides open-source information on how many people view specific articles hour-by-hour, making the online encyclopedia another potential predictor of stock markets and other real-life behavior. ”

    A true must read for all stock jocks out there

  5. rd says:

    Regarding Congress exempting itself from Obamacare for the good of the ocuntry:

    “All animals are equal, but some animals are more equal than others.”

    “Doublethink means the power of holding two contradictory beliefs in one’s mind simultaneously, and accepting both of them.”

    “In our age there is no such thing as ‘keeping out of politics.’ All issues are political issues, and politics itself is a mass of lies, evasions, folly, hatred and schizophrenia.”

    It has become more and more clear that George Orwell (Eric Arthur Blair) has probably been the most important writer of the past century. While “Animal Farm” was largely written about the Soviet Union, it and “1984″ have been playing themselves out in the West over the past three decades. Thepolitical side of the Iraq debacle was lifted directly from 1984.

  6. PeterR says:

    Re: Twitter hoax, isn’t the question, “Why would the investment community follow the lead of a twit?”

    Recommended reading:

    Perhaps the “hoax” perceived by the obedient masses was not a hoax at all, but an intentional act by a higher power, such as HAL, a test if you will to see how well the machine of deception is working?

    Remember when HAL diverted attention away from his megalomaniac ways, with the phrase:

    “It can only be attributable to human error?”

    Further reading of HAL’s Instruction Manual might be in order:

    PS — Remember, just because you may be paranoid, does not mean that they are not after you!

  7. willid3 says:

    wonder..did the UK really escape a triple dip? or is that to come when the data gets revised-ed downward?

  8. willid3 says:

    hm…Spanish unemployment has hit almost 30%. seems the only reason it might be slowing down is that people are leaving to go else where for work

    sounds like another country where the only reason unemployment isn’t over 50% is that folks started leaving