With apologies for the lateness of this entry (and for the skimipness of our posting in general; a normal schedule is on the horizon)...
- Wall Street's equity analysts are plenty smart and generously resourced...but are their work products useful? We have our doubts.
- And it isn't just the analysts. It's the CEOs too.
- From All About Alpha: "[I]nvestors should pay active management fees for active management, not simply for a short-volatility strategy (in the case of hedge funds) or an index-hugging strategy (in the case of mutual funds)." Hear hear.
- Minyanville's Kevin Depew checks in with "Five Things," one of which concerns the Feds' relative treatment of Wall Street and Main Street.
- Always worth reading: John Hussman's latest Weekly Market Comment.