Some dreary Monday reads:

• If a Bubble Bursts in Palo Alto, Does It Make a Sound? (NYT Mag)
• Bonds surprise in Q1 (Fidelity)
• Reinvesting in Your Dividend Stocks is Still the Best Way to Beat Inflation Over the Long Run (Motley Fool) see also Floating a Few Cents to Investors (MoneyBeat)
• Incredibly, the SEC Sets Forth Its View: Suitability Standard is the Same as Fiduciary Standard (Scholarly Financial Planner)
• “Great Brands Impose a View on You” (Reformed Broker) see also Whole Foods takes over America (CNN Money)
• Mortgage-Loan Limits Hit Buyers In High-Cost Housing Markets (Real Time Economics)
• Apprenticeships help create jobs. So why are they in decline in the U.S.? (WSJ) see also Why You Hate Your Job (Motley Fool)
• The Death of Money Portfolio (Millennial Invest)
• Stunningly rapid urban development, seen through Google Street View (WonkBlog) see also Go back in time with Street View (Google Blog)
• A Dozen Things I have Learned from Jeff Bezos (25iq)

How was your weekend?
Highflying Small Caps Get Clipped

Source: WSJ

 

Category: Financial Press

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7 Responses to “10 Monday AM Reads”

  1. Bob is still unemployed   says:

    I noticed the bubble bursts article didn’t make it to the Bloomberg site….

    In any case, a couple of slightly related reads about online privacy:

    Verizon Wireless sells out customers with creepy new tactic (latimes.com)

    …”This identifier may allow an advertiser to use information they have about your visits to websites from your desktop computer to deliver marketing messages to mobile devices on our network,” it says.

    That means exactly what it looks like: Verizon will monitor not just your wireless activities but also what you do on your wired or Wi-Fi-connected laptop or desktop computer — even if your computer doesn’t have a Verizon connection.

    The company will then share that additional data with marketers….

    Why the social networks are falling apart (computerworld.com)

    …This week, Facebook announced the acquisition of the fitness app Moves. (It’s marketed as a fitness app, but in fact its purpose is to track exactly where you are at all times…

  2. VennData says:

    The Koch Attack on Solar Energy
    ​​
    ​​”…At long last, the Koch brothers and their conservative allies in state government have found a new tax they can support. Naturally it’s a tax on something the country needs: solar energy panels…”​

    http://www.nytimes.com/2014/04/27/opinion/sunday/the-koch-attack-on-solar-energy.html

    This wouldn’t have anything to do with their much protected corn-ethanol subsidies, would it?

    ​No new taxes? No welfare? ROFL. Sure GOP, sure.​​

  3. rd says:

    Interesting Gallup poll on actual vs expected retirement ages for Americans since 1991. I didn’t see any information on how many people were let go by companies and forced into early retirement as that may have been one cause of the lower retirmeent ages compared to actual for many years.

    http://www.gallup.com/poll/168707/average-retirement-age-rises.aspx

  4. rd says:

    The SEC position on fiduciary = suitability is appalling. It seems like the regulators are edtermined to shred the last remnants of credibility that the US financial system has left. The 1930s got the Pecora cCommission that resulted in finding that led to Glass-Steagal and the 1940 Investment Act. Both laid the foundation for decades of financial system growth and stability. Instead of a Pecora Commission, we get this? If this is the best we can get for small investor protection under a Democratic Administration, I shudder to think what will happen if a Republican gets back into the White House.

    I am concerned that the fiduciary=suitability rule might apply to employer-sponsored retirement accounts like 401ks. If this change applies to those, then the steady improvement we have seen in those types of plans might come to a screeching halt and even back-track.

    After a couple of early experiences in my 20s with brokers and commission-based financial advisors, I have gone under the working assuption over the past 20+ years that pretty much anybody working in the financial sector has only one interest in mind, and that is trying to separate as much of my money from me as possible. The SEC appears determined to enshrine the necessity fo that attitude in stone.

  5. VennData says:

    Microsoft Races To Fix Massive Internet Explorer Hack: No Fix For Windows XP Leaves 1 In 4 PCs Exposed

    “​We just make great software.”

    http://www.forbes.com/sites/gordonkelly/2014/04/28/microsoft-races-to-fix-massive-internet-explorer-hack-no-fix-for-windows-xp-leaves-1-in-4-pcs-exposed/

    You buy this long-term brilliant “play” after they discontinued support for XP. Yeah customers love Microsoft.

    The “value” stock. ROFL

  6. Init4good says:

    ….So with all that as background, it is interesting to me that the consensus concerning markets has moved to an extreme rarely seen. Of the 67 economists who participated in a recent Bloomberg poll not one of them believes that interest rates will be lower 6 months from now. Every single one of them believes the rate on the 10 Year Treasury note will be higher in the next six months. A separate poll of economists found not a single one expects the economy to contract which is at least consistent with their view of bonds. Now that is a consensus. From a group that almost universally failed to predict the last downturn.

    Further evidence of extreme sentiment can be found in the most recent Barron’s poll of US money managers. 71% believe that equities will be higher in the next 12 months. The consensus about US large cap equities is even more extreme with 89% self reporting as bullish on that asset class. Meanwhile their views on US Treasuries mirrors their view on stocks with only 11% bullish. 81% expect the housing recovery to continue over the next year – despite some pretty convincing evidence to the contrary – and 59% believe the dollar will rise against the Euro. Oh, and by the way, over 70% of these managers claim to be beating the S&P 500 this year. Wall Street meets Lake Woebegone.

    http://www.alhambrapartners.com/2014/04/27/extreme-consensus/

  7. VennData says:

    Given Cause to Make a Stand, the Clippers Settle for a Gesture

    http://www.nytimes.com/2014/04/28/sports/basketball/given-cause-to-make-a-stand-the-clippers-settle-for-a-gesture.html

    Clive Bunker used his womenfolk and children as a shield.​ These under-taxed guys could have at least asked one or two of the friends of the fairer sex to get up all in Sterling’s grill.

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