Here's some reading to get you started:
Reformed Borker (Bork Bork Bork!) - bank breakout. He called it. Quote:
I’ve said recently that the biggest, most glaring inefficiency in the entire market right now – at least to my own eye – is the fact that bank stocks are the very cheapest on forward PE and at the same time are the primary beneficiary of a (slowly) rising rate environment. Financial stocks across all market caps are selling at a forward PE of under 7 right now while consumer goods and utility stocks sell at forward PEs of around 15. I think the market has had this completely wrong but is in the process of coming around.It's a market inefficiency, and the chart shows people are now coming around. So buy. Simple.
Ritholtz - the Fed and hyperinflation. Interesting, quote:
Wouldn’t it be something if we only start to smell inflation after QE has been reversed, after all the hyper inflationistas have crawled back into their cave? Markets have a unique ability to forecast the future, don’t look now you guys, but the CRB commodity index is up 10% YTD.Hey Barry, if that's true then you should buy gold, no? I know it doesn't work in reality, but it is the way Wall Street Whitey thinks, no? And by the way, Barry: hyperinflation where? Do the emerging markets count, or only the West?
BI - China easing coming? That's what everybody's hoping for now. Bad news from China is apparently good news.
Fiscal Times - how Obama crippled a Russian bank with the stroke of a pen. I wish we could see more of this New World Order where all warfare is economic, and poor people don't get led off to get slaughtered in combat. After all, the USA has achieved supremacy in world financial markets, no? So why not fight on the most favourable battlefield?
Mining.com - hedge funds' bullish gold bets surge. Is that the mark of the top, then? I don't like being on the side of hedge funds, I'd rather be on the side of economic reality.
Jojo's Daily Gold - failed breakout marks interim top. To be entirely fair, he's saying what nobody else is saying, and I guess he's calling for a right shoulder to get drawn on the miners chart. To the extent that he's a TA and people use TA to play the markets, he's got a good chance of being right.
Aeon - why we love repetition in music. For me personally, nothing was a bigger high than setting up my D2 and turning out repetitive trance for a half-hour straight. So here's the science!