Good New Year’s Eve morn. Here’s what I’m reading on the last day of the year:

•Bloomberg markets two-fer:
…..-Dow Climbs to Record, Poised for Best Year Since 1996 (Bloomberg)
…..-Gold Declines on Way to Worst Year Since 1981 as Silver Drops (Bloomberg)
• America in 2013, as Told in Charts (NY Times)
• Behavioral Resolutions for Behavioral Investors (Psy-Fi Blog) see also 10 financial resolutions you can actually keep (Washington Post)
• Winners of 2013: Boring Investors (WSJ)
• The 2014 Stock Market: What the Charts Say (Barron’s) see also The S&P 500: How High Can It Go? (Barron’s)
• My Three Goals for 2014 (Reformed Broker)
• Dear Quartz, maybe it’s you that needs new glasses and a map. 2013 was not a lost year for tech (Giga Omsee also 2013: The Year in Apple and Technology at Large (Daring Fireball)
• The Best Cars We Drove in 2013 (And a Few We Wish We Hadn’t) (Wired)
• Dave Barry’s Review of 2013, the Year of the Zombies (Washington Post)
• 14 Quotes To Inspire Your New Year’s Resolutions For 2014 (BuzzFeed)

What are you doing tonight?

 

Inexpensive Stocks Take Lead in Rally

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.

9 Responses to “10 New Year’s Eve Day AM Reads”

  1. RW says:

    Every week without a GunFAIL just ain’t a week in these United States. Hope everyone had good health insurance …, um, and property and personal liability insurance and ….

    GunFAIL L

    You’d think Christmas week would be a slow week for GunFAIL incidents. But all that actually slowed down was the number of guns found in schools, since most schools were closed for the better part of the week, if not all week long. Instead, those kids were at home, in some cases, with nothing better to do than accidentally shoot one another, or get accidentally shot. In fact, I found fifteen kids who were accidentally shot last week. …

    Among our other running statistical categories, two cops were involved in GunFAIL incidents, as were four target/recreational shooters, and five hunters. Six gun owners gave their neighbors the opportunity to greet their bullets as liberators, and six more freed their bullets from the bonds of captivity while cleaning their guns. Finally, two more awesome Minute Men accidentally discharged their weapons in retail stores and restaurants last week, scoring direct hits on one counter and one …ass cheek. …

  2. VennData says:

    S&P up 34% since the day after the Commander-in-Chief’s re-election.

    I just want to thank everyone who sold me their TSM ETFs that day.

    You keep gorging on T-Bills so we can finance all that SNAP, trans-sex healthcare and foreign aid.

    • Stock Soup says:

      1) what is the TSM in TSM ETF?

      2) health-care is the second best performing sector this year, up 39%.

      2009 to 2010 I picked up the following stocks when there was total fear for health-care –
      ABT ABBV BAX BDX CVS JNJ MDT NVS PFE SYK

  3. RW says:

    When it comes to current account imbalances, one nation stands out

    Over the past few decades there has been a great deal of focus on the large trade imbalance between the US and Asia – first with Japan and more recently with China. While that is still an issue, we may be facing a new imbalance that is starting to grab the attention of politicians, economists, and the markets.

    NB: From an economic and investing standpoint the federal budget debate was a red herring; the only deficit we really should have been focusing on was and remains the current account (in our case that reads as “trade deficit”). Paying closer attention to that domestically could improve our unemployment picture and paying attention to it globally can improve your investment allocations.

  4. rd says:

    How do you write a story about a city without visiting it? The state of modern journalism. I assume that Laura Dimon got her training in how to do research from the auditors of her dad’s firm:

    http://blogs.marketwatch.com/themargin/2013/12/30/laura-dimon-writes-about-flint-and-flint-fires-back/

    BTW – people who live outside of NYC have heard of Flint and many other cities in the Rust Belt that have been going through rough times over the past 30 years.

  5. Stock Soup says:

    in reference to the chart “Inexpensive Stocks Take The Lead”

    I said this the other day – lower quality shares tend to outperform mid-bull-cycle

    A good way to play this is RPV and RZV. Both ETFs are the cheapest in their respective indexes they track, the S&P 500 and the S&P 600 Small Cap.

  6. hue says:

    I, Glasshole: My Year With Google Glass (Wired)

    I bought fake job references on the Internet — and it worked (The Daily Dot)

    Michael Jordan Has Not Left The Building (ESPN:OTL) Last Call for 2013, Yeah Another List … 27 Things To Leave Behind in 2014 (Esquire)

  7. willid3 says:

    some thing to think about?

    http://www.texasobserver.org/anatomy-tragedy/

    doesnt just happen in Texas by the way, but maybe we have perfected it. might have some thing to do with why we have such high cost health care??

    but you just know it was all caused by regulations. and all in a state thats controlled the GOP. those defenders of the free market!

  8. Jojo says:

    Everything we have seen in the movies over the years about government security agencies appears to have been real. Who really knew?
    ————————–
    12/29/2013
    Inside TAO
    Documents Reveal Top NSA Hacking Unit

    By SPIEGEL Staff

    The NSA’s TAO hacking unit is considered to be the intelligence agency’s top secret weapon. It maintains its own covert network, infiltrates computers around the world and even intercepts shipping deliveries to plant back doors in electronics ordered by those it is targeting.

    In January 2010, numerous homeowners in San Antonio, Texas, stood baffled in front of their closed garage doors. They wanted to drive to work or head off to do their grocery shopping, but their garage door openers had gone dead, leaving them stranded. No matter how many times they pressed the buttons, the doors didn’t budge. The problem primarily affected residents in the western part of the city, around Military Drive and the interstate highway known as Loop 410.

    In the United States, a country of cars and commuters, the mysterious garage door problem quickly became an issue for local politicians. Ultimately, the municipal government solved the riddle. Fault for the error lay with the United States’ foreign intelligence service, the National Security Agency, which has offices in San Antonio. Officials at the agency were forced to admit that one of the NSA’s radio antennas was broadcasting at the same frequency as the garage door openers. Embarrassed officials at the intelligence agency promised to resolve the issue as quickly as possible, and soon the doors began opening again.

    It was thanks to the garage door opener episode that Texans learned just how far the NSA’s work had encroached upon their daily lives. For quite some time now, the intelligence agency has maintained a branch with around 2,000 employees at Lackland Air Force Base, also in San Antonio. In 2005, the agency took over a former Sony computer chip plant in the western part of the city. A brisk pace of construction commenced inside this enormous compound. The acquisition of the former chip factory at Sony Place was part of a massive expansion the agency began after the events of Sept. 11, 2001.

    http://www.spiegel.de/international/world/the-nsa-uses-powerful-toolbox-in-effort-to-spy-on-global-networks-a-940969-druck.html