Friday, September 12, 2014

Some Friday afternoon news


Some reading for you:

Bespoke - gasoline prices lowest since February. If this trend continues, just imagine what a boost it'll provide to consumer spending!

Ritholtz - buying stocks based on how other people feel. How sentiment is bullshit. I'd point out that retail has proven itself not to be the "dumb money": over the past 6 years, the dumb money has been the hedge funds.

FT beyond brics - China's problem is not property, but too few modern homes. Still lots of room for capital investment in China. And given they're a command economy, they can accelerate development instead of letting the drunken invisible hand do its job - the way it's done so well elsewhere in the world, where the poor still live in tin-roofed shacks.

FT beyond brics - EM companies face end to easy growth. That's a secular change, buddy.

Reuters - India's love affair with gold may be over. Wait a sec, is there an upcoming OpEx that I don't know about? Usually these stories are only paid for when there's an upcoming option expiry.

Mining.com - iron ore bears come out in force. I think the whole Jim Rogers "EM bear/commodity bear/DM bull" thesis has now gone mainstream. Is anyone of any consequence or intelligence still arguing against it? If not, why aren't you investing based on it?


2 comments:

  1. True. Mila Kunis has whipped your Wall St asses, Barry.

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    Replies
    1. Yes, yes, let's note again how Mila Kunis is the world's greatest investor, and also should marry me.

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