My afternoon train reading:

• CNBC Ratings Prove Investors Just Don’t Care (The Slant)
• Why You Never Learn From Your Investment Mistakes (Motley Fool)
• This Time is Not So Different: The Euro Crisis and the 1840s (Quantitative Ease)
• Central Banks’ Central Bank Warns About Rehypothecation Threats (Zero Hedge)
• Highway Robbery: Public-Private Infrastructure Partnerships (Dollars and Sense) see also The Generator Society (Our State)
• How Stravinsky’s Rite of Spring has shaped 100 years of music (theguardian)
• Spend time wisely: How to focus on the things that matter (Barking Up the Wrong Tree)
• Outsourcing the Legal System  (priceonomics)
• Google to challenge iPhone with Moto X (
• Lisa Randall’s Guide to the Galaxy (Smithsonian) see also Merger of ancient galaxies could explain the origin of today’s giants (arstechnica)

What are you reading?


Bullish Sentiment Drops Back Below Average
Source: Bespoke

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.

12 Responses to “10 Thursday PM Reads”

  1. VennData says:

    Ubuntu closes that festering Bug #1

    Bug described thusly:

    1. Visit a local PC store

    2. Attempt to buy a machine without any proprietary software

    • Mike in Nola says:

      You mean you can run Ubuntu on an iPad? It’s funny that proprietary software only counts if it’s MSFT’s.

      In any case, the biggest bug is what it has always been: Linux is only free if your time has no value. Every so often I get the bug and make the “this time it’s different” mistake. But it’s not. Last time I tried it it was slower than Win 7 and Win 7 is slower than Win 8…. Plus there’s hunting for drivers.

      Whether it’s Apple or MSFT, it’s sometimes good to let someone else do the grunt work.

  2. Lyle says:

    Re the CNBC ratings:

    The talking head crystal ball readers don’t add any value, and the desire to micro analyse the markets add to this. They could go to just putting an expanded ticker, and posting bulletins, shut all the correspondents up making it more like a teletext service, or go to the web 100% (except there would not be as much ad revenue). The segments where one analyst says the market will go up and another found deliberately to disagree with the first one add no value. One wonders if they are so smart why are they not investing using the strategy rather than blabbing it to the world.

    Over time I find that after 5 mins of news at the top of the hour the rest of the show outside the ticker is just that much noise.

  3. Barry,

    mentioned you in my piece on SA today regarding Fed/interest rates:

    Your note on interest rates was nicely articulated.


  4. Mike in Nola says:

    ZH does sometimes lead to rational info. I thought this was pretty good, probably because it’s what I thought viscerally.

  5. Livermore Shimervore says:

    CNBC is to investing as Fox “News” is to voting. But in fairness MSDNC is just as bad.
    Their loyal viewers look for comforting confirmation rather than using the Nixon Brandeis briefs method: let’s challenge what we believe today.

  6. chartist says:

    So Morgan Stanley came to my company for a 401K dog and pony show…They are charging 135 bips for a mid cap INDEX fund. I said to the guy, I can get that same fund from Vanguard for 25 bips. He responded with there are many unsophisticated investors on the shop floor who need more guidance. He did confide that he himself has money invested at Vanguard….Very telling.

    • blackvegetable says:

      They guy is right……he’s selling a 25 bp service for 135…..that’s sophisticated…..

      Here’s some “guidance” – take the extra 110 bps, fold over once and put them in your pocket….

  7. boveri says:

    BR — Did not get TBP this evening via e-mail. May be a glitch in my server. Almost got the shakes.

  8. S Brennan says:

    After tens years of invasion and massive bombing campaigns it may sound a little silly to go all Cassandra…but there are wars…and then there are WARS.,0,7560801.story