Best of the Web: 14-01-03, nr 907

Good Morning. Still one of the best charts out there: the almost-always-too-optimistic-expectations of analysts
http://www.businessinsider.com/wall-street-earnings-expectations-errors-2014-1

Yesterday’s news, but pretty important: the divergence of France with the rest of Europe
BN6YkH-rP2Kh3G0U4IS2wisQCiy7ta5-Lgqvl1ffj86SMAItbZ7t98Pv6DvGHaO8_GnDTziEW2ZpP52Nh-KiwKRxO5IKLikONDpflEOdzoLuYEUeLaJbKnW0BA
http://www.zerohedge.com/news/2014-01-02/futures-unhappy-first-trading-day-2014

Day to day price development of the Dow, averaged from 1897…
q3LBNa5YVq8ttBE2KSLXMZgXj5FB_nc9BFakqJUM_y31SQEKaIH8TQJeJngJZGUwvTP0bBxw1yQpYWL479izqiIFkiM_ee6AavrwuwxlSUKSFTYnSN2xRua_Bg
http://www.crossingwallstreet.com/archives/2014/01/the-dows-average-year.html

2013 was a record year for bond issuance from Emerging Markets
jt5aK6jLC-0gfaUdupal1pilrE31Hnl1eQgDF20XkuJT1nZudKOin3rX0-nk8A7eYlHsolL34h9OL980SxiTnbi1SmlUrJnyVFYIOQBQYW5pSlZKHd8_k1Fx4A
http://blogs.ft.com/beyond-brics/2014/01/02/em-bonds-a-record-2013/#axzz2pJNJ9Ayi

But it has not just been Emerging markets: “Companies Sell Record $1.111 Trillion of Bonds in 2013”
http://online.wsj.com/news/articles/SB10001424052702304361604579292453595212672

Which raises an interesting question though: how can leverage (bottom-left chart) have been declining? (in other words, what has net issuance been?)
_w547MyKaxMGim1xakF1jQk6XzeI9SxicN2SPaLet1blqgMdJ19Q1n1QgmMGp2afWMtZ4NSU5CD5cejWQdzfkvF1Au5HOuPIC2Yfcs9peLYazicrWxVyeOZAhwhttp://www.businessinsider.com/jp-morgan-funds-q1-guide-to-the-markets-2014-1#jp-morgan-funds-q1-guide-to-the-markets-6

Interesting poll outcome. I am interested to know what 60% does think is a good way to grow assets…
y6B8c6poepsErrfKUsNWo7Joe07yTB98L5pPxpVpjfqraX-Cq5fVJn9Zf_-Khd6ka7Ue6lSgb9HEw9FWO9y8YnQwSHyLRNLDBp_RUITxu6YbmNQ1pfFUpq2nfA
http://www.gallup.com/poll/166562/investors-not-sold-stock-market-wealth-creator.aspx

 

A complete overview of all previous editions of Best of the Web can be found herehttp://tinyurl.com/c8ge4c5. All links provided are collected from public websites, unless otherwise specified. I have not checked the data or information for accuracy used, and therefore do not guarantee that all data provided will be 100% correct. The links provided do not necessarily reflect my personal opinion and should be seen as general interest: oftentimes I do not agree with arguments presented, but nevertheless think it is worthwhile to read them. It is up to the reader to make up their own mind. Suggestions or discussions are more than welcome. Do not quote unless specifically cleared beforehand!

 

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