Good morning. A bit of reading on the usefulness of CAPE

http://awealthofcommonsense.com/2017/01/how-to-produce-high-quality-investment-research/

For the number crunchers out there. 58% of stocks fail to outperform T-bills…?

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2900447

And here is some more stock market number crunching

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http://blog.alphaarchitect.com/2015/05/21/the-risks-of-owning-an-individual-stock/#gs.Pf6wdl0

Under construction…

http://www.economist.com/blogs/graphicdetail/2017/01/daily-chart-22

When in India, do not take selfies…

http://ritholtz.com/2017/01/tragic-data-behind-selfie-fatalities/

Dow 20k and economic momentum

https://www.ft.com/content/679b3037-98eb-3d4c-a6be-3d2bd215a29c

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