Interesting Links

[1bullseye]

In December De Mark called for a 48% gain for the China market. I havent heard anything from him since and China has sunk like a rock.

[adam ali]

Check Bloomberg website today...

[adam ali]

http://www.marketwatch.com/story/sel...ist=beforebell

[ilonaross]

http://www.nytimes.com/2013/07/28/op....html?src=recg

[ilonaross]

Here's the class.

https://class.coursera.org/money-001/class

It just started.

The professor promises that at the end of the class we'll be able to understand every word of the FT and will be able to explain it to anyone in plain English.

So far I've listened to the first lecture and read the first reading (57 pgs written by a 1920s era monetary expert; even though they're free, these classes are no joke.) btw he says the environment today is closer in many ways to that of Bagehot in the 19thC than to that of Irving Fisher in the mid 20thC, and that's on the reading list too.

If anyone wants to take it, I'd love to have some company from someone on this board.

If you don't know what Coursera is, pls go to Coursera.org because the class offerings are amazing. There's also edx and venturelab out of Stanford.

ilona.

[Harry]

Always beneficial to see how the brightest minds (manages 19 billion) in the industry can boil it down so simply. Excellent cartoon accompanies talk: http://blogs.marketwatch.com/thetell...ancial-crisis/

Harry

[ilonaross]

http://qz.com/124721/the-secret-fina...obots-can-see/

[Pascal]

http://www.marctomarket.com/

[Pascal]

An interesting comment about the market evolution.

Pascal

http://tradestrongmanagement.blogspo...+MANAGEMENT%29

[PeterR]

This article highlights the sentiment of Japanese CFOs that President Trump is a negative for US economy.

http://asia.nikkei.com/Politics-Econ...-to-US-economy

More than 70% of Japanese chief financial officers consider a Donald Trump presidency a near-term risk to the American economy

This could be one reason of recent US equity and REIT weakness.

I don't agree with this judgement.
Trump's proposed fiscal policies seem way healthier for the US economy than Hillary's policies.

Finally, in the American system, the president's political power position (ex-military) is one of a proposer - not an implementer (that lies with congress and senate).
So the identity of the president does not weight too much.

The Japanese behavior seems to be a case of herd/group-think effect.

IMHO, another reason to look to fade this break in US equities, once the election uncertainty wanes.

---
Now that I think about. A similar sentiment might be present with Europe's CFOs (and other Asian, Chinese ones).