Earlier today, we discussed why the new market highs are so bullish.
Technicians like to look at determinants beyond prices to get a read on how a market’s internals are behaving. Stephen Suttmeier, a technical research analyst at Merrill Lynch & Co., points out that volume and breadth are just as important as prices in understanding a market. Continues here
G’morn. Here are my favored midweek reading: • MUST READ: The Relentless Bid, Explained (Reformed Broker) • Active vs. index investing: The smartest choice may be to combine the two types of funds (WSJ) see also What if You Only Invested at Market Peaks? (A Wealth of Common Sense) • Emerging, but No Longer a…Read More
Category: Financial Press
With the reduction of tensions on the Black Sea, global markets rallied yesterday to multi-year highs. In the U.S., the S&P 500 closed at an all time high of 1873.91. Other markets set new multi-year or all-time highs as well. The world is breaking out. The day’s trades had barely closed, when the Johnny one-notes…Read More
One of the things that baffles me about people is how they completely misunderstand risk. Lots of my friends panic about things that have no real chance of killing them, but ignore the things that will. This can lead us to make irrational decisions, and sometimes irrational policy. What really will kill us? Watch and learn.
What Kills Us? How We Understand Risk.
Why Is the Job-Finding Rate Still Low? Victoria Gregory, Christina Patterson, Ayşegül Şahin, and Giorgio Topa Liberty Street Economics Feburary 19, 2014 Fluctuations in unemployment are mostly driven by fluctuations in the job-finding prospects of unemployed workers—except at the onset of recessions, according to various research papers (see, for example, Shimer [2005,…Read More
Internet Psychology 101: Swearing and Name-Calling Shut Down the Ability to Think and Focus Psychological studies show that swearing and name-calling in Internet discussions shut down our ability to think. Twi professors of science communication at the University of Wisconsin, Madison – Dominique Brossard and Dietram A. Scheufele – wrote in the New York…Read More
My afternoon train reading: • Hedge-Fund Genius Isn’t Really Sold on Hedge Funds (Bloomberg View) • The Best Investment Strategy? Getting Out of Our Own Way (NY Times) see also Our next big crisis will be a retirement crisis (MarketWatch) • Gross: The Second Coming (Pimco) • How I learned to stop worrying and love the Russian invasion…Read More
Category: Financial Press
click for larger chart Source: Visualizing Economics When it comes to the top 0.01 percent of earners, it is extremely challenging to describe the differences in terms of income. Words often fail to convey the massive range. Fortunately for us, Catherine Mulbrandon of Visualizing Economics has put together a simple chart that shows just…Read More