Nothing too exciting going on as far as market prices are concerned today, but here are a few things worth looking at:
- An explanation of the Volcker Rule (Bloomberg)
- Leading indicators in Europe still look optimistic (Dr. Ed’s Blog)
- Will this product complete the evolution of the Smart Home? (Tech Crunch)
- Cash positions… the ultimate bubble-talk killer (Bloomberg/Barry Riholtz)
- Bond spreads reflect confidence in the US economy (Crossing Wall St.)
Finally, I want to bring attention to this article/chart making “waves” around Wall St. and the internet in general. If you tinker around with charts enough, you can always make them reflect the opinion you wish to portray. Here’s another take on the “thesis” that this market is similar to the run up before the Depression:
While this S&P Capital chart does not address the Journal’s chart exactly, it’s the same idea with a similarly butchered chart to show a bearish tilt on the market. Of course, who am I to be surprised that somebody in the financial industry wants to spin data to favor their own outlook?