Doin' It Bloggystyle: Random Running of the Bulls
Minyanville brings together the best of what they are saying "out there" about the topics we're talking about right here.
Blogs themselves need no introduction, as they get as much publicity as pretty much anything these days, save maybe the latest Britney news. There's an expanding world of excellent financial blogs, covering pretty much everything from global economics to swing trading. Minyanville's goal is to bring together the best of what they are saying "out there" about the topics we're talking about right here.
A walk around the Web as seven more market bears get gored by the bulls in Pamplona while you were sleeping.
- So is this bull market an "overnight" phenomenon? That is, do most of the gains happen in off hours? Bespoke Investment Group takes a look.
- "In the first scenario, we calculated the cumulative performance if one had bought SPY at the close and sold at the open the following day ('market closed'). In the second scenario, we calculated the performance of buying at the open and selling at the close each day ('market open')."
- The answer?
- "During the first half of this bull market, the 'market open' strategy outperformed the 'market closed' strategy by a wide margin...Since late 2004/early 2005 however, the 'market closed' strategy has outperformed the 'market open' strategy, indicating that the S&P 500 often closes lower than it opens i.e., investors are selling into strength."
- Bespole's recommendation? Shorten the trading day, lol.
Will rahodeb signal redrum for Whole Foods (WFMI)?
- So apparently CEO John Mackey engaged a bit of cheesy sock-puppetry.
- Now sock puppetry can be innocent, albeit incredibly cheesy. Like let's say I anonymously posted comments on my site attesting to my utter brilliance. That's cheesy sock puppetry.
- But when you're a CEO, you've got some Reg FD implications to say the least, as Roger Ehrenburg points out.
- And as Herb notes, the trashing of Wild Oats (OATS) goes way beyone sock puppetry.
- So who's next, wonders 24/7 Wall Street.
- Some say the Plunge Protection Team is alive and well and *saved* us yesterday. The dk Report throws another name out there coming to our rescue: McGyver.
- Muckdog looking for an expiration week ramp.
- The Trading Goddess on InterContinental Exchange (ICE).
Sausages and Bobbleheads
- Should a major league baseball team make roster decisions around Bobblehead nights?
- It's one of those age old questions that may finally get answered on July 28th in Arizona.
- Yes, it's "Carlos Quentin Bobblehead Night". Problem is, he just got sent to the minors.
- AZ Sports Hub has some suggestions.
- Such as "pray that only the normal 18,000 people show up at the ballpark and that they didn't know who Quentin was anyways so they can't miss him."
- This could be the biggest issue facing baseball since last year's brief, controversial introduction of Chorizo into the Milwaukee Sausage Races on July 29th last season.
- How did that resolve? "The Chorizo did not become an everyday participant in the Sausage Race until the 2007 season because of an MLB rule stating that a team may not introduce a new mascot in the middle of a season."
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter