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This Article is From Aug 08, 2017

Hysteria, Collapses, Crises and Manifestos

Hysteria, Collapses, Crises and Manifestos

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(Bloomberg View) -- My back-home-after-a-weekend-in-the-woods morning train reads:

  • Stock Market Charts Without Context Only Feed Hysteria (Bloomberg Prophets)
  • The Market Really Is Different This Time (MoneyBeat)
  • Plans to Rethink America's Malls Can't Keep Up With Retail's Collapse (Bloomberg); see also America Is Struggling With Economic Rot (Bloomberg View)
  • Individually Rational and Collectively Crazy (Institutional Investor)
  • Countering West Coast Pull, by Helping Finance Start-Ups Sell in New York (New York Times)
  • A Chat With Daniel Kahneman (Collaborative Fund)
  • Have Smartphones Destroyed a Generation? More comfortable online than out partying, post-millennials are safer, physically, than adolescents have ever been. But they're on the brink of a mental-health crisis. (the Atlantic)
  • There's no such thing as a Trump Democrat (Washington Post); see also When Republicans Draw District Boundaries, They Can't Lose. Literally. (New York Times)
  • The best things on the internet don't make any money (Mashable)
  • Channing Tatum's Anti-Communist Manifesto: "Comrade Detective" is a wickedly funny new series streaming on Amazon Prime. (National Review)

Be sure to check out our Masters in Business interview with Richard Clarida, global strategic adviser for Pimco since 2006. He also is a professor of economics and international affairs at the School of International and Public Affairs at Columbia University. He was an assistant secretary of the Treasury for economic policy under George W. Bush, and is a recipient of the Treasury Medal of Distinguished Service.

Hot-Stock Rally Tests the Patience of a Choosy Lot: Value Investors

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”

To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.net.

To contact the editor responsible for this story: Brooke Sample at bsample1@bloomberg.net.

For more columns from Bloomberg View, visit http://www.bloomberg.com/view.

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