Each year, the research firm DALBAR publishes their Quantitative Analysis of Investor Behavior. Every year, the results show that individual investors are their own worst enemies. And this year is no exception…
The Most Common Mistake Investors Make « Portfolio Investing Blog: Portfolioist.
We’re headed into another summer on Wall Street and, like opening up a giant box of German pornography, you just know we’re in for a shitshow.
Right about now is the time where the fabled Second Half Recovery™ shows signs that it’s not going to take place. Right about now is the time when Wall Street strategists and economists begin ratcheting down GDP estimates and tempering their optimistic year-beginning calls with a dash of bitters and a dollop of doubt…….
viaI Know What You Did This Summer | The Reformed Broker.
JEJU, on the South Korean island of the same name, is not one of the country’s 20 biggest cities. Yet the island’s allure as a domestic tourist destination resulted in 9.9m passengers flying between Seoul and Jeju (in either direction) in 2011. This makes it the busiest airline route in the world, according to Amadeus, a company that provides technology to the travel industry. It measures the cities where passengers start and finish their journeys, so while the busiest actual flight corridor in America is New York-Chicago, it only counts as the third-busiest American route because many of the passengers are connecting to other destinations. It comes just behind New York-Fort Lauderdale (3.1m) and New York-Los Angeles (3m). The number of people travelling between Asia and North America, and between Asia and Europe grew by 9% from 2010 to 2011, but as the chart shows the busiest routes are still domestic. The most popular international route is Hong Kong-Taipei, followed by Seoul-Tokyo (3.1m) and Jakarta-Singapore (3m)…………
viaDaily chart: Top flights | The Economist.
Talking about ourselves—whether in a personal conversation or through social media sites like Facebook and Twitter—triggers the same sensation of pleasure in the brain as food or money, researchers reported Monday.
About 40% of everyday speech is devoted to telling others about what we feel or think. Now, through five brain imaging and behavioral experiments, Harvard University neuroscientists have uncovered the reason: It feels so rewarding, at the level of brain cells and synapses, that we can’t help sharing our thoughts……
viaThe Science of Bragging and Boasting – WSJ.com.
There’s a whole lot of pessimism about the stock market right now.I hear it in hallway conversations and read about it in the media. There are people out there looking for the next big short strategy, trying to pretend they are the next John Paulson……
viaThe best reason for optimism is pessimism – Covestor.
Detta är väl värt att lyssna på. Många duktiga traders är med.
The Trend Following Manifesto with Michael Covel
PENSIONNorman-beloppet är en prognos för kostnader att månadsspara 1000 kronor under 10 år i olika fonder……
viaNorman-beloppet: Ett nytt sätt att välja fonder!? – Compricer.se.
Usually, a “quick fix” implies fixing something, but only temporarily and in a fashion that won’t help long term. Luckily for us traders, there are several quick things that we can do that can readily improve our trading……..
4 Fast Fixes That Pay Off Immediately – MoneyShow.com.
On Wednesday we published a three-page global market report over at Bespoke Premium. One of the tables included in the report was the one below which highlights each country’s share of world market cap. We also show where the percentage stood at the start of 2011 for each country.
As shown, the US makes up roughly a third of the world’s total stock market capitalization. The US has seen its share rise sharply over the last year and a half, increasing by 3.18 percentage points since the start of 2011. The increase in US share has come at the expense of the rest of the world. Of the 11 largest countries by market cap behind the US, only the UK and Hong Kong have seen their share of world market cap increase since the start of 2011. China, India, Japan, France, Brazil and Australia have all seen their shares cut by a pretty significant margin. And while Italy is a G7 country, it really is a non factor for the global market with just a 0.91% share.
viaBespoke Investment Group – Think BIG – Changes in Share of World Market Cap.
Far from languishing under stricter capital rules, Swedish banks are thriving.
Lenders in the largest Nordic economy are proof that creating bigger buffers to balance risky assets doesn’t have to erode profits or lending. Sweden’s four biggest banks, which must meet a 10 percent minimum capital requirement by January, all beat analysts’ profit estimates for the first quarter and raised their lending volumes.
viaSwedish Banks Pummel EU Peers Wallowing in Laxer Rules – Bloomberg.
It’s been a rough few months for NYSE Euronext (NYX), owner of the country’s biggest stock exchange. In February, European regulators scrapped its planned $9.5 billion merger with Germany’s Deutsche Börse (DB1) over concerns it would create a monopoly in exchange-traded derivatives. NYSE Euronext’s first-quarter profit tumbled 44 percent, driven by a decline in trading volume. And in April, Facebook announced it would hold the most anticipated initial public offering in years on Nasdaq, NYSE’s arch rival.
viaWhere Has All the Stock Trading Gone? – Businessweek.
Here are three reasons to think we are not in the beginnings of a major stock correction:………
viaWhy we are not starting a major correction – Covestor.
If there is one thing we can all agree on, it is that the last several weeks have not been enjoyable for anyone who is long equities. The chart below summarizes when and by how much major international equity markets have declined from their 2012 peaks. Not surprisingly, Spain was the first to peak and now leads the list of international markets highlighted with a decline of 24% from its peak. Although its peak came more than a month later, Italy has been playing catch up with Spain and is now down 19.7% from its high.
viaBespoke Investment Group – Think BIG – International Market Returns From 2012 Peaks.
Ibland blir det fel när man tror man gör rätt. För ett par veckor sedan skrev om jag om Parador som idag är på väg ut från Systembolaget. Annat var det på 1970-talet då det var husvin i var och varannan stuga.Jag skrev då även att det dracks flitigt av den så kallade rödvinsvänstern. En av dem som erkänner sig till denna grupp är Jan Guillou. Han påpekade, säkert med rätta, att Parador inte var ett vin som representanter för dessa vänsteraktiva drack. Det kom ju från Francos fascistiska Spanien. Så det gick inte för sig………..
viaNya fakta om rödvinsvänsterviner | Mölstads vinblogg | SvD.
//Aristotle
SEB med Robert Bergqvist har redan sedan förra året trott på fallande bostadspriser, tillsammans med en rad med experter. Nu ansluter sig även Nordeas Annika Winsth och Swedbanks Cecilia Hermansson i en artikel hos DI.se………
viaCornucopia?: Nu tror bara SBAB, mäklare och BLT/BLK på stigande bostadspriser.
”De som tjänar pengar ska göra det på hederligt arbete”, säger Peter Norman…
Ja, det var ju intressant att höra… Inte visste jag att jag var ohederlig. 
Undrar om han anser sitt eget jobb vara hederligt?
”Bra att trejdingavdelningar stängs ned” – Affärsvärlden.
In this paper we examine the empirical relation between risk and return in emerging equity markets and find that this relation is flat, or even negative. This is inconsistent with theoretical models such as the CAPM, which predict a positive relation, but consistent with the results of studies which have previously examined the empirical relation between risk and return in the U.S. and other developed equity markets. We show that our findings are robust to considering a universe of large-cap stocks only, to considering longer holding periods and to controlling for exposures to the size, value and momentum effects. We also observe that the empirical deviation from the theoretical risk-return relation appears to be growing stronger over time, which might be related to the increasing participation of benchmark-driven investors, in line with the ‘limits to arbitrage’ hypothesis. Finally, we find low correlations between the volatility effects in emerging and developed equity markets, which argues against a common-factor explanation………..
viaThe Volatility Effect in Emerging Markets by David Blitz, Juan Pang, Pim Van Vliet :: SSRN.
