My afternoon train reading:

Kass: 10 Laws of Stock Market Bubbles (The Street) but see Everything You Need to Know About Stock Market Crashes (Reformed Broker)
• To understand the potential of Tesla, look to the forest, not the trees (GigaOm)
• Ray Dalio: You’re not going to produce alpha, so focus on balancing…and meditation (MarketWatch) see also Ray Dalio’s Bridgewater On The Fed’s Dilemma: “We’re Worried That There’s No Gas Left In The QE Tank” (Zero Hedge)
• The government’s human price scanners (Washington Post)
• The Latest Measures of a Bid-Up Stock Market (Barron’s) but see Waiting for 10% correction? Don’t hold your breath (USA Today)
• Take a Crooked Path to Growth (Inc.)
Todays WTF headline: The rise of paid friends: How New Yorkers are socializing with staff (Daily Mail)
• The Secrets Of A Memorable Infographic (Fast Company)
Book Review: The Road to Recovery, by Andrew Smithers (FT)
• The secrets of the world’s happiest cities (Guardian) see also America’s Big Cities in Volatile Times (Pew States)

What are you reading?


Percentage of Stocks Above 50-Day Per Sector

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.

8 Responses to “10 Tuesday PM Reads”

  1. Internet Tourettes says:

    “THE FUTURE OF DIGITAL: 2013″ -Henry Blodget – A pretty good presentation with an overall assessment of the Digital Business Landscape. I wish however that they looked at the share of revenue as oppossed to unit share which has allways been the metric in telco/web performance….

  2. toddp says:

    Barry, I know you are friends with/cover the Farnam Street Blog but this guy keeps churning out the interesting stuff. I found this list of ten books that changed my life. fascinating. Maybe you could do something similar? Or have I just missed it?

  3. mllange says:

    Look to the burned forest and not the trees? In spite of the Tesla PR campaign to state otherwise, I would still be wary of parking too many of their vehicles in any forests.

  4. jackshelp says:

    I strongly suggest to everyone that leaders like Enrique Penalosa, a man who has transformed cities into productive, higher quality of life urban centers, should be listened to.

    Suggest starting with this:

    And this:

  5. Bob is still unemployed   says:

    Senior executives blamed for a majority of undisclosed security incidents (network world) – Apparently, senior execs do not feel the need to comply with the company’s security polices, and have become a significant target for the malware crowd.

  6. rd says:

    Re: Market Bubbles

    One of the things that I look for regarding bubbliness is whether or not any of the 10 S&P 500 sectors are over 20% of the total market cap. Tech moved back into that space over the last year. the last time it was up there was 2000. Financials occupied that rarified air in 2007.

    Since it is very difficult for any one sector to dominate the nation’s economy, a concentrated capitalization weighting often indicates that there is some exuberance going on. The exuberance can usually keep going for a couple of years, but eventually gravity comes into play.

    Most people don’t use margin to buy boring stocks with no hot story. So an exuberant sector often draws much of the margin money. When the music stops playing, some of the margin money is left looking for a chair and can precipitate a quick decline.

  7. rd says:

    Something very important to keep an eye on:–business.html

    The fuel rod removals at Fukushima are going to be one of the most important and difficult tasks that will occur on the planet over the next year. Very few things can go right with this and lots can go wrong. To date, communications regarding the actual status at the plant have been unreliable at best.