Now This Is A Rally
More eye watering charts here – Bloomberg
So What?
I got bounced the snippet below by a punter who had taken it from The Reformed Broker This particular punter has a penchant for anything that indicates that the market might be about to have a correction of any sort. As such they are drawn to this sort of analysis. The drivel about trailing PE’s…
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Mistakes
Another clever piece from Behaviour Gap
And They Say Trading Is A Hard Way To Make Dollar
I was having a Q&A yesterday with Caroline Stephen the boss of Talking Trading and many of the questions that folks had sent in for discussion revolved around how hard trading was. I agree there are some aspects that are hard but then it could be worse, you could be doing this for a living.…
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We Need More Heavy Lifters
This is the S&P500 % of stocks above there 200 week moving average. Hard to sustain new highs when there is not a lot of action in the underlying stocks.
Vampire CEO’s
There is no rational basis for these phenomena “A major study by the economists Xavier Gabaix and Augustin Landier, who happen to believe that current compensation levels are economically efficient,” writes the New Yorker, “ found that if the company with the 250-most-talented CEO suddenly managed to hire the most talented CEO its value would increase…
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Killing the Myth About How Hedge Funds Generate Alpha
Intriguing piece since it is based upon the assumption that hedge funds actually generate alpha. An assumption that seems a little tenuous given the chronic underperformance of hedge funds. The genesis of this myth comes from the insider trading scandals of the 1980’s, leading to one of the most famous movies about financial markets of…
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