Hit The Links

Your weekend reading:


Hit The Links

Here’s a little weekend reading while you watch the AT&T:


Hit The Links

Here’s a little weekend reading: My favorite links of the week…


Flipboard + Twitter = The Ultimate Newspaper Killer


Longtime readers know I’m a news junkie. Well, I’ve finally given up on traditional newspapers. Don’t get me wrong; I love holding a real paper in my hands. But I just don’t need one anymore. That’s because I’ve finally fine-tuned an incredible alternative. It brings together the best news sources in the world, prioritizes them based their relevance to YOU and puts it all into an elegant and efficient reader.

I’ve been on Twitter since 2007. I’ve followed and unfollowed thousands of different accounts over time to fine tune the social network into something of great value for me in my work. It’s come so far that it’s now my best source for breaking news and commentary anywhere online.

I only follow a small number of actual Twitter accounts these days so that my main stream isn’t overwhelmed. I organize all the other Twitter accounts I want to track into lists. Among these are the Wall Street Journal, Washington Post, Daily Beast, Business Insider, Financial Times, The Economist, Rolling Stone, along with reporters, professional investors and experts like Dennis Gartman, Carl Icahn, Michael Santoli, Todd Harrison, Jim Grant, Doug Kass and plenty others that share anything and everything you’d ever want or need to know about what’s going on in the financial markets and the world.

But here’s where it gets cool. There’s no way I can keep up with all of this information 24 hours a day. So we add Flipboard, a free app for your smartphone or tablet, into the mix and we get a magical news reader that aggregates and prioritizes all these tweets and gives us the latest and greatest news and views you can find and all in one place.

All you’ve got to do is add your Twitter account in the Flipboard app and then add your lists and then you’ve got your front page, world news, business, sports and entertainment all right there. The best part is that it’s real time, encompasses far more than a single newspaper could dream of covering and uses social media to make sure it’s relevant to you.

You’re welcome.

You can check out my personal Flipboard magazine, “Contrarian Curations,” here.

Investing, Markets, Trading

Stan Druckenmiller: “I Believe The Market Is Topping”

Screen Shot 2013-09-12 at 11.54.39 AMClick the image above to see the full video interview.

Stan Druckenmiller is one of the most successful hedge fund managers of the past 30+ years. When he talks, I listen. Here are some of the highlights:

  • “When you think back of what Paul Volcker, Alan Greenspan and Ben Bernanke have meant to markets it’s pretty naive to say the next Fed Chairman won’t matter.”
  • “I believe the [stock] market is topping.”
  • “If you tell me QE is going to be removed over 9 or 12 months that’s a big deal because it’s my belief that QE has subsidized all asset prices and when you remove that subsidization the market will go down.”
  • “If you didn’t believe before that the exit was gonna be tough, the mere hint that maybe in 3 months, if the economy’s good, we might go from 85 billion a month to buying 65 billion a month caused that kind of havoc and risk around the world how in the world does anybody think that when the actual exit actually happens prices are not gonna respond? It’s silly.”

The chart below from Jeff Gundlach (via StockTwits) is case in point regarding “quantitative easing” and its effect on stock prices:



Hit the Links

  • The Economy’s Book-to-Bill Ratio Suggests Another Recession Is Coming (Pragmatic Capitalism)
  • Widening gap between corporate and consumer sentiment (NY Times)
  • Prospect of the Fiscal Cliff Curbs Lending at Major Banks (WSJ) 
  • Warren Buffett: The Global Economy is Slowing, Stock Prices are “Difficult” (Pragmatic Capitalism)
  • New leadership at the Fed could have major implications for asset markets addicted to “quantitative easing” (NY Times)
  • Hemingway’s favorite sammy sounds like it could raise the dead (NY Times)
  • FAIL: “Password” tops list of most popular passwords (Mashable)

Hit the Links

  • How reducing the deficit could crush corporate profits (Business Insider)
  • It really is different this time. Its much worse. (Barron’s)
  • No one ever bought anything on an elevator (Seth’s Blog)
  • Rory McIlroy on track to sign massive Nike deal. (Portland Business Journal)
  • When people are asked to explain their partisan political views and find out they can’t, they become more moderate in their attitudes and in their actions. (NY Times)
  • Hey Siri: Where’s My Car? SmartStart Remote Adds Voice Control (Mashable)
  • Early reviews suggest Windows 8 is f***ed (Business Insider)
  • What function did the arms of a Tyrannosaurus rex serve? (The Economist)
  • Cuddle Your Kid! (NY Times)