10 Wednesday AM Reads

August 26, 2015 7:33am by

After yesterday’s reversal, it looks as if this has not finished running its course. My morning train reads:

• Market pullbacks: We Could Really Use the Rain (L.K. Benson & Company) see also A 0.5% Day (Irrelevant Investor)
• How Silver Wrecked China (BV)
• The Stock Market Plunge Is Great News for Walmart (Slate)
• The Upside of a Downturn in Silicon Valley (NYT) see also In a Pivot-Happy World, We Need to Let Twitter Be Twitter (NY Mag)
• The Economic Guide To Picking A College Major (FiveThirtyEight)

Continues here

 

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  4. rd commented on Aug 26

    This has been my biggest concern about the move towards ETFs. The average investor will effectively have to learn how to trade stocks well in order to do buy and sell orders without having potential major execution issues. This is viewed as normal as breathing for financial professional, but the average person has no idea what the various ordering terms mean or how they work.

    Traditional mutual funds simply trade on their NAV at the end of the day eliminating the execution problem. The big, diversified, liquid mutual funds that most investors should be focused on shouldn’t have significant problems calculating their NAV at the end of the day, unlike some small specialty funds and ETFs.

    http://www.marketwatch.com/story/heres-what-may-have-caused-the-flash-crash-in-some-big-etfs-2015-08-25?dist=lcountdown

    • PhilW commented on Aug 26

      Wouldn’t that violate the use of a website agreement and any copyright? Unless the ads are before or after the display of the web page. In that case, it violate the use of the wifi agreement if the wifi didn’t belong to the company directly.

    • willid3 commented on Aug 26

      well it might. but then who would likely care? or be able to do any thing about it?

  11. willid3 commented on Aug 26

    them libs, they dont let any one with guns. and you get this
    http://www.citylab.com/crime/2015/08/a-shooting-on-live-tv-in-roanoke/402376/

    remember only you can prevent you own death by being armed to the teeth

    and a ‘madman’ had the nerve to ask the Donald as question.
    http://www.dailykos.com/story/2015/08/26/1415620/-Donald-Trump-attacked-by-madman-aka-Latino-asks-him-a-question

    lucky for him he didnt get deported

    now we know, only one voice for the president and congress

    http://www.dailykos.com/story/2015/08/26/1415628/-Tom-Cotton-thinks-Congress-and-the-president-should-speak-with-one-voice-on-Iran-Guess-whose

    as long as its his

  12. Jojo commented on Aug 26

    From rents to haircuts, Americans start to feel price hikes
    By CHRISTOPHER S. RUGABER
    Jul. 28, 2015 12:57 PM EDT

    WASHINGTON (AP) — Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee.

    For American consumers who have become used to flat or even falling prices for several years, an unfamiliar sight has emerged in many corners of the economy: Inflation is ticking up.

    The price increases remain modest. And in many cases, they’re canceled out by price declines for other items that are keeping overall inflation historically low.

    Yet the stepped-up price tags for a range of consumer items are the largest since the Great Recession ended six years ago. They actually reflect a healthier economy: Many businesses have finally grown confident enough to pass their own higher costs on to consumers without fear of losing customers. Employers have added nearly 5.6 million jobs the past two years, allowing more people to absorb higher prices.

    ….

    http://bigstory.ap.org/article/f317bcceb2824308a74c4f6c567c9c8d/rents-haircuts-americans-start-feel-price-hikes

    • rd commented on Aug 26

      Russia, China, and most of Europe would simply drop sanctions against Iran if the US refuses to complete this treaty. They are already gearing up, opening embassies in Tehran etc. Israel may have a strong lobby in the US but most of the rest of the world is generally unsympathetic to Israel and Jews in general (e.g. numerous pogroms and Holocaust). Iran would just become the new Cuba with everybody else doing business there but the US, except that it would be much closer to everybody else with oil and other resources, unlike Cuba.

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