Pour a cup of java, and settle in for my longer form weekend reading.

• Excerpt: ‘Flash Boys: A Wall Street Revolt,’ by Michael Lewis (NY Times)
• On Kahneman (Edge) see also Why Those Guys Won the Economics Nobels (Harvard Business Review)
• No, America is not broke (The Great Debate)
• The Woman Behind Apple’s First Icons (Priceonomics)
• Driven: How Zipcar’s founders built and lost a car-sharing empire (The Verge)
• So You Think You’re Smarter Than A CIA Agent (NPR) see also US secretly created ‘Cuban Twitter’ to stir unrest (Big Story)
• Raiderette sues team for fair pay (ESPN)
• Facing Rising Seas, Bangladesh Confronts the Consequences of Climate Change (NY Times) see also Famine and Water Riots Are Coming, Warns New Intergovernmental Report (io9)
• Millennials and Sex: A New Take on Dating, Marriage and Monogamy (Rolling Stone)
• How HBO’s new comedy ‘Silicon Valley’ presents a new geek archetype (WSJ)

Whats up for the weekend?


The market suddenly hates tech stocks and no one knows why


Source: Quartz

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.

17 Responses to “10 Weekend Reads”

  1. profoundlogic says:

    “The market suddenly hates tech stocks and no one knows why”?

    Seems pretty logical that some of the highest beta, PE to the moon names would take a hit considering the markets just got exposed on national television as one giant HFT skimming operation. I would argue that Tesla should have been included in that list as well.

    The tell of course is that gold also popped to end the week, confirming that the high beta coke fiends were feeling a little less confident that their Ponzi market can sustain this charade indefinitely. Even a professed gold agnostic should be able to appreciate what really happened this week.

  2. ilsm says:

    America is not broke!

    Budget scam propaganda spread by congress persons owned by a few billionaires.

    “Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes that you can do these things. Among them are a few Texas oil millionaires, and an occasional politician or businessman from other areas. Their number is negligible and they are stupid.” President Dwight D. Eisenhower, l952

    While the US can give untested, fictional missile ‘defences’ to Europe (Turkey, Poland, Rumania) to defend against fictional ballistic missiles. Hundreds of billions a year in give aways to the military industry congress complex with money that should go to US people; protect Malaysian brown water with unsurvable half billion dollar PT boats, etc

  3. RW says:

    It’s time we stopped worshipping the working class

    Why do so many middle-class people de-gentrify their backgrounds and pretend they grew up poorer than they did, asks Alex Proud.

  4. flocktard says:

    ” But Danielson doesn’t see things that way. “I worked very hard,” she says. “I did work my regular hours at Harvard — my 35 hours a week — and then I worked an additional 30 hours or so per week doing Zipcar.”

    If you’re engaged in a start up like this, and you have some ambitions, 30 hours a week isn’t a commitment. It’s a hobby.

  5. hue says:

    The Game that Saved March Madness (Sports Illustrated)

    Radio Tecnico: How The Zetas Cartel Took Over Mexico With Walkie-Talkies (PopSci) The Wire lives on

    My Life With the Thrill-Clit Cult (Gawker) BR had a story about the average human vagina about this time last year ;)

  6. RW says:

    My Life as a Retail Worker: Nasty, Brutish, and Poor

    After veteran reporter Joseph Williams lost his job, he found employment in a sporting-goods store. In a personal essay, he recalls his struggles with challenges millions of Americans return to day after day.

    NB: A great deal of the antipathy towards the poor seems to be grounded in self-righteous “if they had more gumption or pride or whatever they’d do better” platitudes but this article limns another possibility: lack of imagination; no idea how the other half lives until you live it.

  7. MidlifeNocrisis says:

    RE: No, America is Not Broke

    It’s a decent article, but it stops short of explaining what it should. The US is a sovereign country with its own sovereign, non-convertible fiat currency. As such, the terms “deficit” and “debt” could be much better explained. What’s wrong with telling people that, as a currency issuer the base money supply can be increased with no limit except for maybe misallocation potential and inflation concerns. Of course we are not broke, we make our own money! There is a reason that Dick Cheney famously said “… deficits don’t matter… (at least not in the way people think). Probably the only true words he ever said.

  8. sellstop says:

    I just finished reading “Flash Boys” an hour ago. Everyone who is in the market should read this book.

    And the market does suddenly hate tech stocks. And the market is loving energy and oil. It kind of gives me a shiver down my spine when I see the way things are acting right now.
    Not a good shiver.

  9. 4whatitsworth says:

    Interesting chart on revenue, margin, and share count.


  10. romerjt says:

    Flash Boys , , , , So Spivey’s phony companies build an 800 miles fiber optic line from Chicago to New Jersey over 1000 different properties in secret – none of the property owners know what the line is for – Holy Shit!

  11. jaymaster says:

    How did LinkedIn, Twitter, Netflix, Facebook, Zynga, Amazon, Pandora and Groupon become “tech stocks”?

  12. mrflash818 says:

    “The market suddenly hates tech stocks and no one knows why”

    I think it is a combination of two factors.

    The 1st is all the NSA revelations. It makes people have less Trust on putting and sharing their information online, where it can be intercepted in Orwellian fashion, as the whistleblowing has revealed.

    The 2nd is that more and more internet broadband providers are forcing Users to have monthly data limits, which makes them use large data consumers, like Netflix, less often.

    So stocks are in decline that are affected by those two factors, it seems.