Friday, January 24, 2014
Your Friday newsbundle
Here is some information worth ruminating on this afternoon:
Ritholtz - look out below! Ritholtz chides the people who are wailing at the collapse of the S&P 500, forgetting that he himself was one of the whiny doomers as recently as yesterday afternoon.
Reformed Borker (Bork Bork Bork!) - the worst day of 2014. He's happy to add at lower levels. I expect everyone else will be too, as long as they're not piddling themselves over a meaningless frontier markets currency collapse.
Bespoke - still a textbook start to 2014. Bespoke asks, "why did you guys not expect a pullback in January?"
Rhodium Group - understanding China's 2014 interbank squeeze. Very long article that I didn't read.
Data Dive - Argentina leads the EM bloodbath. Nice that it's only taken a day for this to be called a "bloodbath". Hey, do you think Argentina can single-handedly destroy the US economy?
Mining.com - Barrick recalculates reserves based on $1100 gold. Just like that, a whole pile of future gold production has vanished, Mr. Wall Street Whitey.