10 Tuesday AM Reads

Its time for our Two-fer-Tuesday morning train beach reads:

• Why this bull run is starting to grow legs, as it rapidly approaches the milestone as the second-longest ever (Telegraph) but see A Bear Market in the Shadows (Bloomberg)
• The Most Important Lesson I Learned This Year (Mulloly)
• U.S. retailers at risk of missing modest holiday sales goals (Reuters) but see U.S. holiday retail sales grow a ‘solid’ 7.9 percent: MasterCard (Reuters)
• Fannie and Freddie Give Birth to New Mortgage Bond: Government hopes to get taxpayers off the hook if another mortgage crisis arrives (WSJ)
• Hedge Funds Just Had Their Worst Quarter Since the Crisis (Bloomberg) see also Hedge Funds Struggle With Steep Losses and High Expectations (NYT)
• Want to See Technology Taking Over Finance? Look at China (WSJ)
• The secret to finding the best mobile apps: try everything (Verge) see also 12 Travel Apps Worth Keeping in 2016 (NYT)
• Oil-Producing States Battered as Tax-Gushing Wells Are Shut Down (Bloomberg)
• Michael Burry, Real-Life Market Genius From The Big Short, Thinks Another Financial Crisis Is Looming (NY Mag) see also ‘The Big Short,’ Housing Bubbles and Retold Lies (NYT)
• After a transformative 2015, Taylor Swift joins the ranks of pop music’s all-time greats (Quartz)

What are you reading?


Big Companies Massage Their Earnings

Source: Bloomberg



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What's been said:

Discussions found on the web:
  1. A commented on Dec 29

    The Most Important Lesson I Learned This Year:

    Something is only a lesson, when there is a willing student,

  2. RW commented on Dec 29

    As a straightforward statistical matter there are millions of people in these United States who should not own or handle a deadly weapon and mental illness is not their problem; incompetence and lack of respect is. These are their stories; every week.

    We’ll check in one more time on hunting accidents, to note the decline now that the peak of the season has passed. We were down to just six in the second week of December. But just as we noted during the last installment, there’s no off season for accidentally shooting yourself, family members, or nearby children. Twenty-one people accidentally shot themselves, 11 kids were accidentally shot, and 10 of our original 45 listings ended in fatalities. Three people accidentally fired into the homes of their neighbors, and three accidentally fired guns they were cleaning at the time. Just two accidents involved law enforcement officers and/or members of the military.

    All told, it was a pretty unremarkable week, so long as you’re not particularly shocked by double-digit figures for kids being hit, or people being shot to death entirely by accident inside of a 7-day period. ….

  3. catman commented on Dec 29

    Marc Faber takes on Janet Yellen? WTF – Talk about punching above your weight.

    • VennData commented on Dec 29

      Seven straight years of market gains. Record GDP. Record corporate profits. Closing in on ten million new jobs.

      QE worked.

    • willid3 commented on Dec 29


      the inflation monster is still coming. at least if we elect a democratic president again.

    • VennData commented on Dec 30

      It’s so much fun to parrot back the typical GOP predictions. We’re getting better at it then they are.

  4. catman commented on Dec 29

    Thinning the unicorn herd may be this years crashette.

  5. VennData commented on Dec 29

    The fervid blogger claims “…You could flip all of these statements around and it wouldn’t change my lesson for 2015: all of these strategies work in their own way. None of them are always right, and none of them are always wrong. The sooner we can accept this, the better off we will be…”

    But buy and hold and rebalance annually ALWAYS “works” by getting you to outperform the average investor by a little bit every year after costs so in the long run you MUST win.

    • willid3 commented on Dec 29

      course it never will work the way in the US.

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