Reset: A new week begins, a fresh chance to see what will be. Oh, and our morning train reads:
• Return of the Stockpickers: Active managers seek to recapture their lost glory as interest rates rise. (Barron’s) but see Hedge Funds Take Cautious Line on Stocks Use of Leverage Declines; Wall Street Analysts Recommend Shares of Big U.S. Firms (WSJ)
• Seven golden rules of investing as markets defy gravity (Telegraph)
• How OPEC Weaponized the Price of Oil Against U.S. Drillers (Bloomberg) see also Plunging Oil: What the Past Tells Us (Barron’s)
• There Is No Effective Fiduciary Duty to Maximize Profits (Medium)
• The Depression’s Unheeded Lessons (NYT)
Earnings Pessimism Jumps as Oil Threatens S&P 500 Growth
http://www.bloomberg.com/news/2015-01-12/earnings-pessimism-jumps-as-oil-threatens-s-p-500-growth.html
“Forecasts for first-quarter profits in the Standard & Poor’s 500 Index have fallen by 6.4 percentage points from three months ago”
I’m pretty sure this is super-mega-bullish. But then again, isn’t everything these days?
35 maps that explain how America is a nation of immigrants (Vox)
Google’s share of the US search market has fallen to 2008 levels (Quartz) Nick Denton says the traffic game is over, and BuzzFeed has won (GigaOm) is this like Yahoo winning the portal war, AOL winning dial up?
The Dez Bryant catch (non-catch) celebrity Twitter scorecard(SBNation)
History will be kind to President Obama
“[President Obama] has amassed a record of policy accomplishment far deeper than even many of his supporters give him credit for. He has also survived a dismal, and frequently terrifying, 72 months when at every moment, to go by the day-to-day media, a crisis has threatened to rock his presidency to its core … the BP oil spill, swine flu, the Christmas underwear bomber, the IRS scandal, the healthcare.org launch, the border crisis, Benghazi. …”He has a legendarily, almost fanatically placid temperament. He has now spent eight years, counting from the start of his first presidential campaign, keeping his head while others were losing theirs.”
http://nymag.com/daily/intelligencer/2015/01/obamas-legacy-chait.html
And the GOP will look like peevish assholes.
VD
Too bad about the complete abrogation of responsibility of the Obama Administration in regulating, breaking up and cleaning up Wall Street & the banks after 9/15/2008.
Venn Diagram Overlap: the null set.
Democrats, in a stark shift in messaging, to make big tax-break pitch for middle class
http://www.washingtonpost.com/business/economy/democrats-in-a-stark-shift-in-messaging-to-make-big-tax-break-pitch-for-middle-class/2015/01/11/d4438468-9999-11e4-a7ee-526210d665b4_story.html
Time to reverse the Reagan Legacy
TIFFANY & CO. FEATURES FIRST SAME-SEX COUPLE IN ENGAGEMENT CAMPAIGN
http://www.elle.com/fashion/news/a25383/tiffany-co-same-sex-couple-campaign/
Gay marriage, good for business.
Rupert Murdoch’s Fox News Terrorism “Expert” think Birmingham UK is a Totally Muslim City.
http://www.bbc.com/news/uk-england-30773297
Who makes GOPers say the stupidest things as if they were true?
Rupert Murdoch, that’s who.
This is what you end up with as your vetted, filtered political nut that will say the “right” things.
Rupert Murdoch: “…Muslims Must Be Held Responsible’
https://twitter.com/rupertmurdoch
Just as white people must be held responsible for all white crime. Catholics for all priest molesters, etc.
GOP voter,
You keep listening to this guy, reading his editorials. watching his infotainment. The chief pipes operator for the GOP media machine. THAT’S why when you face someone who has the data they make of fool out of the bias, incompetent blather that comes out of your pie hole.
Hey Republican. YOU are this clown.
Raise my taxes!
Spare no expense!
Nancy Pelosi must be given a jet to Paris! And President Obama must join her!!
I have difficulty with the Bush/Clinton dynasty meme that appears to be building in the media.
Bush I’m okay with since there have been two of them as president and a third one is now trying to get elected president. But with the Clinton’s, only one them has been president.
I wouldn’t mind seeing Elizabeth Warren as president but unsure that she has the necessary experience.
yeah, America has always had problems with oligarchy, those founding fathers (the original right wingers, libertarians who didn’t want to pay taxes), and clans like the Roosevelts and Kennedy. I hope that Hillary wins just for the political theater. Remember people not wanting those polarizing Clintons on 2008, we needed the uniter Obama, and the politics of compromise. kumbaya
Info graphics
When is enough enough: http://www.wired.com/2015/01/josh-begley-prison-map/
Worth (radiolab) high drug price and what is a year of life worth?