The Great Debate UK

from Felix Salmon:

What does the stock sell-off mean?

By Felix Salmon
August 4, 2011

At 8:30 tomorrow morning, the July jobs report will come out, and it's almost certainly going to be pretty miserable, with headline employment growth of maybe 100,000 new jobs, significantly less than needed just to keep up with population growth. The jobs report is rightly renowned as the most market-moving of all economic indicators, and so market action in the immediate wake of its release is closely watched.

from Felix Salmon:

Why tech stocks deserve to be cheaper than industrials

By Felix Salmon
July 25, 2011

Many thanks to commenter buysidemetrics for finding this very smart quote from Bill Gates, which actually comes from a discussion he had with Warren Buffett in 1998:

from Felix Salmon:

The LinkedIn IPO debate

By Felix Salmon
May 23, 2011

In the blue corner, we have Joe Nocera and Henry Blodget (twice). In the red corner, there's The Epicurean Dealmaker (twice), with The Analyst as cornerman. The debate centers on the fact that the shares LinkedIn sold Thursday are worth hundreds of millions of dollars more than LinkedIn received from its bankers. To Nocera and Blodget, the conclusion is clear: LinkedIn's bankers screwed the company out of that money, giving it instead to their favored buy-side clients.

from Breakingviews:

Four reasons to hedge against Japanese equities

March 28, 2011

What was a contrarian view right after Japan's earthquake has become consensus: confidence in a V-shaped recovery has powered a 10 percent rally in Japanese stocks since March 15. That outlook still appears likely, but questions surround the speed and strength of the recovery. Investors should hedge against the risk that politics, power shortages, and nuclear troubles prompt investors to turn tail.

from Felix Salmon:

Goldman’s Facebook plan falls apart

By Felix Salmon
January 17, 2011

When the news came out that Goldman Sachs was orchestrating a private offering of Facebook shares at a $50 billion valuation, those shares overnight became an even hotter commodity than they had been up to that point. Check out the results of the periodic SecondMarket auctions: the three auctions in December, before the Goldman news was public, cleared at between $21.01 and $22.75 per share. The first auction after the Goldman news, by contrast, cleared at an all-time record of $28.26 per share -- that's a valuation of over $70 billion.

from Felix Salmon:

The silly, underperforming Dow

By Felix Salmon
January 7, 2011

Eddy Elfenbein notes that the Dow has significantly underperformed the market of late. Here's how it compares to the S&P 500 over the past 180 days: up 16.6%, which is great, but not nearly as great as the S&P's 19.9% gain.

from Felix Salmon:

Why Facebook won’t go public

By Felix Salmon
January 4, 2011

Miguel Helft explains why Facebook is going to have to go public sooner or later:

from Global Investing:

Solar activities and market cycles

November 29, 2010

Can nature's cycles enrich our finance and market theories?

Market predictions based on the alignment of the sun, moon and the earth and other cycles could help investors stay disciplined and profit in economic storms, says Daniel Shaffer, CEO of Shaffer Asset Management.

from Reuters Investigates:

Escape from Wall Street

November 19, 2010

Leah Schnurr and Edward Krudy report today on retail investors fleeing the stock market. Will the Lost Decade create a Lost Generation of investors who avoid the market in a way not seen since the Great Depression?

from The Great Debate:

Quantitative easing and the commodity markets

October 29, 2010

-The views expressed are the author's own-

A warning by an International Energy Agency (IEA) analyst this week that quantitative easing (QE) risked inflating nominal commodity prices and derailing the recovery drew a withering response from Nobel Economics Laureate Paul Krugman, who labelled the unfortunate analyst the "worst economist in the world".