The Mess That Greenspan Made - Part 19

Cramer Says “Sell” (No, Not Really)

Haven’t watched or heard CNBC’s Jim Cramer in some time, but, just the first few seconds of this clip from yesterday, after what can only be described as a monster rally sandwiched between two monster sell offs (the latter coming today, apparently) just seems so dated.

What does he have to say? CNCB puts it thusly:

Mad Money host Jim Cramer preps investors for the next blitz down.

I could only take it for about two minutes – he seemed pretty sincere.

For those looking for something more highbrow, see The Bear Case for Stocks at Barron’s

Friday Morning Links

Falling Prices Spread Pain Far Across The Oil Patch – WSJ
Germany: talk of trimming Greek debt ‘divorced from reality’ – AP
France – no waiver for Greece, maybe more time to pay debts – Reuters
Russia Unexpectedly Cuts Key Rate as Economy Eclipses Ruble – Bloomberg
Far-right leader Marine Le Pen is leading the French presidential poll – Metro
Senate Approves Keystone XL Pipeline Bill, Testing Obama – NY Times
Obama Sets Stage For Big Budget Showdown with GOP – Fiscal Times
Elizabeth Warren backers fund poll stoking Hillary Clinton doubts – Politico
Winkelvoss Twins See Trillion Dollar Bitcoin Valuation – Barron’s
Texas Executed a Man with a 67 IQ Tonight – Vice News
Jimmy Vaccaro Isn’t Excited About The Super Bowl – FiveThirtyEight
FAA to Idiots: Don’t Fly Your Drone at the Super Bowl –

Dollar set for record run, European shares rise Reuters
The Bear Case for Stocks – Barron’s
Legends Of Indexing: Rob Arnott –
Cramer: Sell into any rally in US stocks for these reasons – Arabian Money
Momentum trading, return chasing, and predictable crashes – voxeu
Will equity ‘vigilantes’ push this market south? – MarketWatch
Cheap Oil Burns $390 Billion Hole in Investors’ Pockets – Bloomberg
Gold firms but on course for biggest weekly fall since Nov – Reuters
U.S. 10 month gold mine output falls 7% y/y – Mineweb
Will India’s gold imports surge on tariff cuts? – Jayant Bhandari –
Thomson Reuters Calls the Bottom for Gold – Gold Investing News

A new Vox Debate on Secular Stagnation – voxeu
Spain’s Economic Growth Accelerates in the Fourth Quarter – Nasdaq
China’s Provinces Lower Their Sights After Most Miss Their Economic Targets – WSJ
Germany succumbs to Europe’s deflationary crisis – Telegraph
U.S. homeownership hits 20-year low, but new households growing – Reuters
The American Dream Dissipates at Record Pace – Wolf Street
Fed Statement: Not Dovish, Not Hawkish—-Just Gibberish – Contra Corner
Why Dovish Critics Of The Fed’s FOMC Statement Are Wrong – Forbes
A moral case for bank money – Magic, Myths, and Money


Error! Error! Error!

My apologies in advance if this takes too long to load or is overly annoying (if so for the latter, just check back on Friday morning and the next links post will displace this post from the top spot), but I felt compelled to share the animated .gif that Bloomberg is using to alert readers that it can’t find the requested file during what can only be described as an “exciting” (if ultimately unsuccessful, so far) makeover of its website.

Money managers trailing U.S. index fund returns by double digits over the last few years no doubt share some of the sentiments expressed by the gentleman above when looking at their Bloomberg terminal … and that’s what kind of makes the graphic fun.

Thursday Morning Links

The Wreck Of The Monetary Hesperus – Contra Corner
Fed upbeat on U.S. economy, cites strong job gains – Reuters
Who Doubts Yellen’s Policies? Summers for One – Bloomberg
Is the Economy Still Threatened by Secular Stagnation? – New Yorker
EU parliament president to meet with new Greek government – AP
Lack Of Reform, Not Austerity, Doomed Greek Economy –
‘We have all seen this before’: In Calgary, end of the oil boom has yet to sink in – FP
Shell Cuts $15 Billion of Spending as Profit Misses Expectations – Bloomberg
Yellowstone oil spills fuel arguments over Keystone line – AP
Investment Riches Built on Subprime Auto Loans to Poor – NY Times
Older Millennials Keep Moving in With Their Parents – Slate
Will The Next Super Bowl Ring Outshine The Rest? – Kitco
The Individual Mandate – Bloomberg

Global stocks hit by oil plunge, Fed mention of rate hike – AP
Oil holds above $48 a barrel after U.S. supply hits record high – Reuters
Funding Markets Just Called The FOMC’s Bluff – Alhambra Partners
How Tim Cook’s Apple conquered the world – Telegraph
David Rosenberg’s top 8 things giving investors angst right now – FP
Treasuries Halt Rally That Was Headed to Be Biggest in 3 Years – Bloomberg
Gold falls 1 pct as Fed’s upbeat outlook boosts dollar – Reuters
How significant was the 32% fall in HK gold exports to China? – Mineweb
Goldman Sachs stays ultra-bearish on gold long term – Mineweb

Obama’s fictional economic recovery record – Washington Times
Obama Is Finally Getting Credit for the Recovery – New Republic
Sorry, Ukraine, You Can’t Beat Putin – Bloomberg
Philippines: Growth shows we’re no longer sick man of Asia – AP
Dozens of flights cancelled in German airport strikes – AP
Hamptons Home Prices Hit Seven-Year High in Luxury Surge – Bloomberg
IRAs, not lower rates, would ease Obama’s housing market fears – NY Post
Interest Rates, First-Time Buyers Key To Sustained Housing Market Improvement – CoStar
‘Two Percent Inflation’ and The Fed’s Current Mandate – Ron Paul Institute
The Lemmings of QE – Roach, Project Syndicate

© 2010-2011 The Mess That Greenspan Made