Stock market and financial news wrap-up for the week that was.
Under normal market conditions, the risk on and risk off assets fluctuate in the 40-60% range.
A quick look at that charts and news items of note.
Pundits were hoping for a Turnaround Tuesday, just because the Dow “has been up in each of the past 20 Tuesdays, the longest Tuesday streak ever. The only down Tuesday this year came on Jan. 8.”
Create a perfect track record and get money out of 1/8 of the audience every time.
Because we have to make decisions not knowing how the future turns out, we do it using math. I will never get it totally right and the game never ends. Unfortunately, the clients judge investment performance months afterward, after they know what happened. People want to believe that magic money exists, that they can win the lotto. And that keeps the industry going.
Unless you understand what type of data is suitable for moving averages, don’t expect great things.
We usually find Egypt-based NBC Foreign Correspondent Ayman Mohyeldin reporting on unrest in the Middle East. When I saw him file a story from Mount Vernon, the site of the Skagit bridge (that I drive over almost every week) collapse in the same broadcast as a segment that stated “West Texas is one pocket of
Consuelo Mack’s latest WealthTrack interview features Bill Priest, author of Free Cash Flow and Shareholder Yield: New Priorities for the Global Investor. Should be interesting.
Investors looking for yield get fleeced big time.
While cable news viewers were distracted by supposed scandals, the House Financial Service Committee did something that should be filed under “how the world actually works”. More at NYT, Banks’ Lobbyists Help in Drafting Financial Bills.
The Nobel laureate talks about trading and investing in his new book, Thinking, Fast and Slow.
It’s deja vu time everyone. JNPR is back!
Will the same happen here? Carl Weinberg of High Frequency Economics explains.
Investors don’t know it yet, but the industry has found a way to give every manager and advisor a medal to show their clients in order to justify the fees.
Time to just chill and read a good book?
Arnott is also on the gravy train of a $35 billion fund at PIMCO. The genius of this fund is that it invests in other PIMCO funds, just to keep it all in the family.
How does an investor cut through the smoke and mirrors sales pitch and decide which fund to buy? In this article, we use the PowerShares FTSE RAFI US 1000 Portfolio Fund (PRF) to demonstrate a simple and effective method.
Why a single-year loss of 30% is the end of the dream. And why this is a simple and powerful yardstick of investment performance.
There IS a way to truly level the playing field. It is so simple you will be stunned, but it is in nobody’s interest to show investors because it would mean all funds and managers would be judged by a single, objective, clean and unequivocal yard stick.