My afternoon train reads:
• UH OH Dr. Doom: Buy stocks while you still can (CNNMoney)
• Deflation, not inflation, could bedevil markets (USA Today) see also Top Investors Will Feel Heat of New Epoch (Bloomberg)
• Bloomberg 2-fer: Things are looking up:
…..-American Auto Industry Has Best Performance in 20 Years (Bloomberg)
…..-Americans Most Upbeat in Five Years as Firings Slow (Bloomberg)
• Contra: Is Dr Copper, telling us the party’s over? (FT Alphaville)
• Blue Chip Stocks Fetch Ridiculous Valuations, But Don’t Sell Just Because It’s May (Forbes) see also The Myth of the ‘Spring Swoon’ (WSJ)
• We should stop expecting monetary policy alone to save the US economy (Quartz)
• Gold Bull Run Seen Over as Bear Drop Frays Faithful (Bloomberg)
• Banking groups split on ‘too big to fail’ (Politico) see also This Is How Wall Street Is Fighting the Brown-Vitter Bill (NY Magazine)
• Polls Plummet For Senators Who Voted No On Gun Background Checks (Talking Points Memo)
• 10 Classic Failed Tech Predictions (Above the Market)
What are you reading?
Gold Rally Stopped Dead In its Tracks
Source: Bespoke
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