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Saturday links: models and theories
- Posted by: abnormalreturns, November 27th, 2010 at 9:39 am
- Comments: 0
Thanks for checking out another edition in our ongoing experiment in long form curation. As always we welcome your feedback. Items with a * appeared in prior linkfests.
“The ratings agencies turned out to be about as close to a single point of failure for the whole system as you could possibly imagine.” (The Psy-Fi Blog)
The story behind how the World Gold Council helped create the spectacularly successful SPDR Gold Shares (GLD). (WSJ* also Kid Dynamite)
What good is Wall Street? (New Yorker)*
Michael Pettis, “This has been said before, but in a way this crisis is the European equivalence of the American Civil War. Once the dust finally settles Europe will either be a unified country with fiscal sovereignty firmly established in Berlin or Brussels, or it will be fragmented with little chance of reunion.” (China Financial Markets)
David Leonhardt, “In both countries [US and China] significant changes are necessary to create more sustainable growth.” (NYTimes)
Why the US will not get a Chinese-style system of high speed rail. (Megan McArdle)*
Emanuel Derman on the difference between metaphors, models and theories. (SSRN via MoneyScience)
The case against health. (The Chronicle also Economist’s View)
55+ incorrect scientific beliefs that were long held to be true. (Edge)
On the trade-off between two systems to stimulate the “growth of knowledge.” (Economic Principals)
Do you read everything in your field today? (SSRN)
Thanks for checking in with Abnormal Returns. For all the latest you can follow us on StockTwits and Twitter.
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Friday links: Black Friday frenzy
abnormalreturns, November 25th, 2010 at 9:24 pm, Comments: 0Quote of the day
Floyd Norris, “So far this year, both gold and stocks are up. That combination is unlikely to last out the current decade.” (NYTimes)
Chart of the dayThe story behind how the World Gold Council helped create the spectacularly successful SPDR Gold Trust (GLD). (WSJ)
Markets
Bullish sentiment remains high. (Pragmatic Capitalism, Horan Capital Advisors)
Some market [...]
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Wednesday links: channel checks
abnormalreturns, November 24th, 2010 at 1:43 pm, Comments: 0Quote of the day
Justin Fox, “The corporate profit picture would seem to mirror what’s been going on in the income distribution for individuals for the past few decades.” (HBR)
Video of the dayHoward Lindzon speaks with THE Jim Rogers. (StockTwitsTV)
Markets
Bullish sentiment is still elevated. (Bespoke)
Checking in on gold sentiment. (Marketwatch)
What really caused the market [...]
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Wednesday screencast: nature of the game
abnormalreturns, November 24th, 2010 at 1:42 pm, Comments: 0“It was the best of times, it was the worst of times…” is the opening line from Charles Dickens’ A Tale of Two Cities. It also describes a smallish debate going on about the state of investment world for individual investors. In corner we have Henry Blodget who views the ongoing insider trading investigation as [...]
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ARTV with Joe Weisenthal, part 3
abnormalreturns, November 24th, 2010 at 10:34 am, Comments: 0Prior to the Thanksgiving Day holiday we had a chance to catch up with long time blogger Joe Weisenthal (@TheStalwart), Deputy Editor of Business Insider, on StockTwits TV. As always it was a pleasure to talk with Joe. We started off the discussion with an examination of recent comments by prominent economist David Rosenberg, including [...]
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Tuesday links: uncritical bullishness
abnormalreturns, November 23rd, 2010 at 1:01 pm, Comments: 0Quote of the day
Henry Blodget, “The REAL lesson most investors should take away from the largest institutional insider-trading investigation in history is that competition in the global financial markets is so intense that it’s basically idiotic to trade.” (Huffington Post)
Tweet of the day
Peter Thal Larsen, “With a market cap [...]
Tickers: GM
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Tuesday screencast: recession revision
abnormalreturns, November 23rd, 2010 at 11:47 am, Comments: 0You wouldn’t think that the revision of third quarter GDP would be particularly noteworthy. However it helps clarify something that has been going on in the markets for some time now, which we noted in an earlier screencast. A look at the GDP figures and the attendant corporate profits helps explain why the equity market [...]
Tickers: SPY
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Monday links: insider interest
abnormalreturns, November 22nd, 2010 at 2:06 pm, Comments: 0Quote of the day
Howard Simons, “Diversification still exists, but it takes a little longer to provide its rewards than it did previously.” (Minyanville)
Chart of the daySome interesting equity market “valuation ovals.” (Hussman Funds)
Video of the dayDavid Einhorn on WealthTrack. (via Pragmatic Capitalism)
Markets
Muni yields are now well in excess of Treasury yields. (Bloomberg)
Another look at [...]
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Monday screencast: ETN vs. ETF
abnormalreturns, November 22nd, 2010 at 1:18 pm, Comments: 0After taking a hit after the financial crisis it seems like the ETN, or exchange traded note, has once again becoming popular. Issuers, especially in the VIX and MLP space, seem to prefer it over ETFs. The simple fact that while ETNs and ETFs appear to be interchangeable they are in fact two very different [...]
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Top clicks this week on Abnormal Returns
abnormalreturns, November 21st, 2010 at 10:06 am, Comments: 0Thanks for checking in with us this weekend. Here are the items our readers clicked most frequently on Abnormal Returns for the week ended Saturday, November 21st. [...]
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