This was quite a week! Up, down, all around. It's enough to give any stock jockey whiplash.
No matter, it's now the weekend, and you know what that means: Linkfest!
Let's get to it:
¿ This week saw me become more aggressive -- over the short term (2 to 4 weeks) -- toward the upside. This discussion explains the technical reasons why. ¿ Institutional Investor asks an intriguing question: Do Ex-Athletes Make Better Traders? ¿ The Economic Cycle Research Institute has been pretty steadfast in saying it does not see a recession coming. This week the institute shifted its perspective somewhat, and its economists are now asking whether there's an Industrial Slowdown Ahead. ¿ As baby boomers age, there's a potentially inadvertent benefit. As they shift their portfolios towards fixed income holdings, they may help keep interest rates low. ¿ Our pals at OPEC tell us the world is "oversupplied" with oil. ¿ Lots of real estate related data this week, all of which conveniently fit my thesis on the macroeconomy and what's to come over the next few years. The NYT's David Leonhardt advises us: Don't Fear the Housing Bubble That Bursts. It counteracts the Declining Affordability for First-Time Home Buyers. ¿ Morgan Stanley's Andy Xie notes that China is running into some serious overcapacity. ¿ If you are interested in buying volatility, then you should read the FAQs on the new VIX options. ¿ America's younger workers losing ground on income. ¿ NYU Prof Nouriel Roubini thinks the hubbub about Dubai managing our ports misses a key point: With the US current account deficit close toa trillion dollars, he observes that, with no change, foreigners will soon own most of the US capital stock. ¿ How General Motors Is Destroying Saab. ¿ A robust rally is no excuse for lazy portfolio management. That's why you should Enjoy the Rally but Cull the Herd (if no RM sub, see this: Get Darwinian on Your Portfolio!). After that column ran, a friend sent me " Darwinian Investing." ¿ The Motley Fools (remember them?) ask: Is Shorting Stocks Foolish? ¿ If you like Ambrose Bierce's Devil's Dictionary, then you will definitely enjoy John Dorfman's Stock Market Dictionary Via the Devil's Tongue. ¿ Econbrowser's Menzie Chinn asks a very interesting question: Where Do All Those Economic Numbers Come From? ¿ There's now a new commodities ETF that's useful as a hedging tool. ¿ In case you didn't know, time is an abstract concept that doesn't actually exist out of our subjective experiences: There is no Time out of mind. ¿ The Top-10-strangest-iPod-accessories. ¿ David Pogue offers up a hilarious satire of the Dell experience: How to Survive a Tech Support Call. Not surprisingly, Dell was unhappy about this. ¿ Ray Kurzweil 's 674 page tome, The Singularity Is Near, is one of those talked-about but hardly read books. To his publisher's credit, he's posted a lot of the key parts online. ¿ I've been enjoying Naked Economics (it's not what you think). ¿ One of my favorite local radio stations is WFMU,a free-form station where management gives the DJs complete control overprogram content. This is the anti-Clearchannel, and its Beware of the Blog is interesting for music fans. The downloadable MP3s are full of wild stuff. ¿ I've mentioned Jack Johnson in this space before. His new soundtrack to the Curious George animated film -- Sing-A-Longs & Lullabies -- has become a surprise hit. Adult parents and their young kids both like it! ¿ Wired mag on How Digital Animation Conquered Hollywood.
¿ And what is very likely the funniest thing you will read all weekend, here's What happens when you Stun Gun yourself. It's worth reading (again and again).
Whenever I travel, I spend most of the following week digging out from a week's worth of emails, voice mail, and research I've fallen behind on. Returning from Silicon Valley and SF was no different -- so those of you who emailed me recently, please bear with me.
But I wanted to thank everyone who sent tourist and restaurant suggestions. I have
and should have a lot more up before the weekend is over...
Barry Ritholtz is the chief market strategist for Ritholtz Research, an independent institutional research firm, specializing in the analysis of macroeconomic trends and the capital markets. The firm's variant perspectives are applied to the fixed income, equity and commodity markets, both domestically and internationally. Other areas of research coverage also include consumer, real estate, geopolitics, technology and digital media. Ritholtz is also president of Ritholtz Capital Partners (RCP), a New York based hedge fund. RCP is driven by the analysis performed by Ritholtz Research. Ritholtz appreciates your feedback;
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