(source: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2158633&download=yes)

 

 

Alcoa kicks off the US reporting season, with its 2013 outlook of course the most interesting thing to watch 

http://www.reuters.com/article/2013/01/08/us-alcoa-results-idUSBRE90710520130108  

·         http://www.businessinsider.com/alcoa-2013-market-conditions-slides-2013-1

 

 

Nice chart showing the optimism of analysts vs the outcome per year

·         http://www.businessinsider.com/sp-500-earnings-squiggles-2013-1

 

Interesting story about rice from the Wallstreet Journal

 

·         http://online.wsj.com/article/SB10001424127887323706704578228052284001608.html

 

Stable dividend income has helped stock returns in the past, but the US has pretty low dividend yields in international comparison

·         http://www.ritholtz.com/blog/2013/01/why-are-us-dividends-so-much-lower-than-the-rest-of-world/

 

“Review of Theories of Financial Crises” Should be worth the read…

·         http://papers.nber.org/papers/w18670

 

If shown these kind of charts before. I am not impressed, and ‘noting the dips’ does not help…

·         http://www.businessinsider.com/chart-stocks-rising-with-population-2013-1

 

…this on the other hand is a lot more convincing: buy stocks when they are cheap!

·         http://www.businessinsider.com/chart-shiller-pe-returns-2013-1

 

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