10 Wednesday AM Reads

The S&P enters its 5th of 6th day winning streak; (Jinx!) Keep it going with our rally-based morning train reads:

• Inside the Market of Stocks (Irrelevant Investor)
• Bernanke Pins Weak Recovery on Congress (NYTsee also Bernanke: GOP Congressman are why I’m no longer a Republican (Quartz)
• In Praise of the Dead (Investors): Fidelity’s “study” rings true, whether it exists or not. (Morningstar)
• For 40 years, no one knew this woman discovered a malaria cure. Now she’s won a Nobel (Voxbut see Nobel Laureates We’d Like To Forget (National Geographic)
 Most Americans Get ‘Free Stuff’ From The Government (FiveThirtyEight)

Continues here


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What's been said:

Discussions found on the web:
  1. VennData commented on Oct 7

    Nice to see Bernsnke join the chorus of Americans laughing in the face of Republicans and their anti scientific appeals to the snake handlers in the trailer parks.

    The party of Trump, Carson and the Paul family is crazy town.

  2. Robert M commented on Oct 7

    • Most Americans Get ‘Free Stuff’ From The Government (FiveThirtyEight)


    • VennData commented on Oct 7

      Medicare, VA, Special Corporate depletion rates, insider deals on government land…

      This isn’t Mitt Romney’s 47%

    • ilsm commented on Oct 7

      About 36% of US government spending is corporate welfare. Anyone selling to DoD, DoE, DoT NASA, et al is on welfare cost plus contracts that are paid on “best effort” not results. While the owners of the sellking companies use their excess profits for more biuying on Capitol Hill.

    • Jojo commented on Oct 7

      Excellent article!

      What really annoys me is how the media that hosts or enables dumb, nonsense comments, never seems motivated enough to challenge when these comments are not factual. Surely CNN, MSNBC and others (excepting Fox News, which no sane person really expects to be “fair and balanced”) could afford real-time fact checking? A couple of staff with an internet connection?

      Jeopardy does it and they change the scores if a mistake was made a few minutes later.

      Why can’t the news shows say “xxx, 10 minutes ago you said that yyyy. We have checked the FACTS and it seems that you are 100% wrong. What say ye now?”

    • GeorgeBurnsWasRight commented on Oct 7

      Why the news shows can’t fact check: now that they’re 24/7, they need a lot of people to come on their shows as guests.

      The guests have realized that they now have the leverage, not the news shows, and have told the shows that if the shows point out their errors, or ask tough followup questions, why there’s a bunch of other shows that are willing to not fact check or ask tough questions.

    • Jojo commented on Oct 8

      Probably true, sadly.

      So many media shows ask softball questions or don’t press candidates because they worry about getting them to talk to them again.

      Another money corrupts politics story….

  3. VennData commented on Oct 7

    Ben Carson gaffe on Chris Mintz – the hero of Oregon – as he claims no one tried to take down mass shooter

    Read more: http://www.dailymail.co.uk/news/article-3263621/Ben-Carson-gaffe-Chris-Mintz-hero-Oregon-claims-no-one-tried-mass-shooter.html

    Between this shit-for-brains, Bush and Jindal the message becomes Republican gaffes, not sympathy for the victims and the shooter’s family.

    Repubicans have created this media nuthouse of everything being ass backwards. But they’ll cut your taxes and stick YOU with a bigger government debt.

    • GeorgeBurnsWasRight commented on Oct 7

      Republicans always love families, except when they don’t.

  4. Jojo commented on Oct 7

    In Focus
    2015 National Geographic Photo Contest
    Alan Taylor
    Oct 6, 2015

    National Geographic Magazine has opened its annual photo contest, with the deadline for submissions coming up on November 16, 2015. The Grand Prize Winner will receive $10,000 and a trip to National Geographic headquarters to participate in its annual photography seminar. The kind folks at National Geographic were once again kind enough to let me choose among the contest entries so far for display here. Captions written by the individual photographers.


  5. Jojo commented on Oct 7

    I’m Trying to Run for President, but the Democrats Won’t Let Me
    By Lawrence Lessig
    October 01, 2015

    I’m running for President. Or trying. After raising $1 million in less than 30 days, I entered the primary on September 9 as the Democrat’s only non-politician. My platform is simple: end the corrupting influence of money in Washington, so we might finally have, as Buddy Roemer would put it, a Congress free to lead.

    But that message is being stifled with the tacit approval of the Democratic Party leadership, who are deploying the oldest method available for marginalizing campaigns they don’t like: keeping me out of the Democratic presidential debates.

    Here’s how you make the debates: After one declares, a candidate is formally welcomed into the race by the Democratic National Committee. Polling firms, taking a cue from the DNC, include that candidate on their questionnaires. Candidates that poll at 1 percent nationally in at least three separate polls earn an invitation. Simple enough.

    That’s how the process typically works for other candidacies—but not for mine. The DNC still has not formally welcomed me into the race—despite my raising money at a faster pace than more than half the pack, and being in the race nearly a full month. Polls, in turn, have taken the hint, only including me sporadically on questionnaires: of the last 10 major polls, only three mentioned my candidacy. One poll recently put me at 1 percent (for comparison, candidates O’Malley, Webb and Chafee, who will each get a podium at the debates, are all currently polling at 0.7 percent or less, according to Real Clear Politcs). Were I actually included on every poll, I would easily make the debates.


    • VennData commented on Oct 7

      This no-experience late coming whiners “ideas” are single-issue silliness.

      “…Lessig has described his candidacy as a referendum on campaign finance reform and electoral reform legislation. He has stated that, if elected, he would use that mandate to pass his proposed reforms, and then he would immediately resign the office and transfer power to his vice president…”


      So wouldn’t it be important to tell us who your Veep is before we let you get up there and screech about your pet projects?

    • Jojo commented on Oct 8

      Joe Biden? [lol]

      Might be the only way he could get to be president!

  6. VennData commented on Oct 7

    Where are the Yellen mockers who judged her wrong because of small bio tech’s bubble.

    Hedge funds would be wise to follow her.

  7. kaleberg commented on Oct 7

    Re: “In Praise of the Dead”

    I always tell people to go to a mutual fund finder and look for a fund that has beaten the S&P 500 for the last 10 or 20 years. They exist, but there are not very many of them which is surprising given the promises various funds and money managers tend to make.

    Remember, these funds are run by guys who have no other job besides getting you the best performance. They have access to the best news services. They go to the best seminars, classes and meetings. They have access to the best research facilities. They can hire the best consultants. All that and most of them can’t even match the guys who choose the 500 for the S&P 500.

    Ask yourself how much better you can do.

    I used to trade a lot. Then I realized I was wasting my time. Now I’m probably considered as dead as the parrot in the Monty Python sketch. My portfolio seems to perform better without me.

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