Succinct Summations week ending July 18th Positives: 1. The Dow Jones Industrial Average hit a new all-time high. 2. NAHB home builder sentiment rose to 53 vs the 50 expected. 3. Jobless claims hit a nine-week low, down to 302k. 4. NY manufacturing survey rose to 25.6, the highest level since ’10. 5. Jobless claims…Read More
Source: Morning Market Tidbits, BofA Merrill Lynch Wage growth for construction workers is historically low; Let’s see if we can figure out why: First, home production has been relatively slow, which should be expected following a long period of overbuilding. That was the excuse from 2007 to 2010. Eight years after home building volume…Read More
As an update to yesterday’s critique, this video shows how takeovers and M&A often follow market prices. Collectively, they could show increased risk appetite, and perhaps signal an eventual top (wish the chart went further back than 1995).
FT: Mergers and acquisitions are booming. James Mackintosh, investment editor, analyses whether we’ve reached the stage where deals become truly daft, or whether there’s room for companies to gear up still further.
Jul 17, 2014
My morning train reads (Continues here): • Cherry Picking Gold Data (Irrelevant Investor) • To Tilt or Not to Tilt (Rick Ferri) • How Geopolitical Threats Affect the Stock Market (Reformed Broker) • Latest DALBAR report underscores poor long-term performance of individual investors (The Mathematical Investor) Continues here
Category: Financial Press
This is an absolutely fascinating — hypnotic even — depiction of what the daily metrics of a New York City Taxi looks like, overlaid on top of a map. You can track passengers, distance traveled, revenue, even tips. Bravo! I wish we could make the data from our business (Financial planning/asset management) look this compelling!…Read More
Fewer than 500 hybrid LaFerraris will be made. And with a price tag that starts at around $1.6 million, they’re not for everyone. WSJ Rumble Seat columnist Dan Neil discusses his test drive of the hyper car on Lunch Break
LaFerrari: The Million-Dollar Hybrid You Can’t Have
Click for video
A College Education Saddles Young Households with Debt, but Still Pays Off Daniel Carroll and Amy Higgins Many parents believe their children must get a college degree—especially if they want to have at least as comfortable a lifestyle as their parents had; yet the price of a college degree has been rising rapidly…Read More
My afternoon train reads : • A quick lesson on market tops (TRB) • Alpha addict: the amazing career of Leon Cooperman (CNBC) • The Timelessness of Greed, Fear, and Bad Decisions (Motley Fool) see also Data Rich, Information Poor: Improving Your Cognitive Environment (TraderFeed) • 7 market myths that make investors poorer (MarketWatch) •…Read More
Category: Financial Press