My morning reads:

• More Forceful Fed Stands by Stimulus (NYT) see also Watch What the Fed Says and What the ECB Does (Barron’s)
• Jobless claims lowest since January 2008 (MarketWatch)
• Deflation, not inflation, could bedevil markets (USA Today)
• The studies behind austerity are weak. The study behind ‘uncertainty’ is worse. (Wonkblog)
• Gold Bull Run Seen Over as Bear Drop Frays Faithful (Bloomberg)
• Facebook’s Results in Four Charts (WSJ)
• Too-Big-to-Fail Takes Another Body Blow (Rolling Stone) see also Bill to shrink banks won’t pass — but may help (USA Today)
• Europe Bans Pesticides Thought Harmful to Bees (NYT)
• Daniel Kahneman’s Gripe With Behavioral Economics (The Daily Beast)
• One Last Cringe for ‘The Office’ Finale (NYT)

What are you reading

 

Jobless claims fall to 5-year low
Chart
Source: CNNMoney

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.

10 Responses to “10 Thursday AM Reads”

  1. hue says:

    The Year of Living Dangerously. I’m still here: back online after a year without the internet (The Verge)

    Wellness. In oil-rich Azerbaijan, people bathe in the black stuff (Atlas Obscura)

    Morning Sedition. Marc Maron: A Life Fueled by Panic & Dread (Fresh Air)

  2. James Cameron says:

    If you think this is a challenge, try the behavioral health side of our health care system . . . it’s a whole different world in terms of finding qualified professionals and obtaining adequate insurance coverage despite the parity laws.

    Hiring a Guide to the Medical Bill Maze

    http://goo.gl/choor

  3. nofoulsontheplayground says:

    Quantifiable Edges – “What Happens After 6-Months of Gains?”

    http://quantifiableedges.blogspot.com/2013/05/what-happens-after-6-months-of-gains.html

    The 14 examples since 1961 suggest an average gain of 9.7% over the next 10-months. The first month is mostly flat on average.

  4. nofoulsontheplayground says:

    I should add to my last comment that the examples that occurred during secular bear markets rose on average 5.52% over the next 10-months. However, that sample size was only five instances.

    Lastly, with Quantitative Easing putting a floor under the market, a case could be made that the Fed’s program may alter the typical secular bear market outcome.

  5. nofoulsontheplayground says:

    Doug Short – “Sell in May? A Brief Sanity Check”

    http://advisorperspectives.com/dshort/commentaries/Sell-in-May.php

    The money quote:

    Across the entire 85-year timeframe, May has an average of -0.14%. But if we exclude the three negative outliers (1931, 1932, 1940), the average jumps to 0.59%, which is spot on the overall monthly mean. Pretty amazing!

  6. VennData says:

    Does the fact that Rick Santelli’s been wrong for six years mean he’ll be wrong in the future?

  7. Joe Friday says:

    VOICE A DA PEOPLE

    Donald Trump’s Facebook post:

    I have a lot of Apple stock – - and I miss Steve Jobs. Tim Cook must immediately increase the size of the screen on the iPhone. It should be slightly larger than the Samsung screen – and they better get it right fast because they will lose a lot of business.

    A) I’ve heard of penis envy….

    B) Nuthin’ like being behind the curve.

  8. rd says:

    Apparently conservatives don’t want to save money if it means supporting a govenrment-mandated eco-friendly program:

    http://www.csmonitor.com/Environment/Energy-Voices/2013/0501/Light-bulbs-and-the-pitfalls-of-green-marketing