Dow took its losing streak to six days, and has now fallen in 12 of the past 13 days. The WSJ points out that the last time the Dow suffered as many losses over a 13-day stretch was in October 1974, at the nadir of that decade’s bear market. What should also concern investors and market commentators is that this selling has occurred amid the heaviest trading volumes of the year. The NYSE had its fourth straight day in which at least four billion shares were traded.
Not nine days after Google releases their new-and-improved privacy policy, we have some first hand results of its intrusiveness. Jonathan Mayer, a graduate student from Stanford University, discloses some rather disappointing findings. In his comprehensive article (found here) he identifies four ad-based companies that place trackable cookies in Safari’s browser, and code in two of the four show an intentional circumnavigation of Safari’s privacy feature. I’ll give you a hint: one starts with a G and ends in oogle. Now almost every browser has some type of privacy feature in place: “Every popular web browser, save Opera Mini and … Read more
The WSJ released an article last night on Nouriel Roubini, nicknamed Dr. Doom for his consistently bearish outlook that happened to accurately foresee the 2008 crisis. Apparently, he’s changed his tune: “We’re a believer; we’re celebrating. We think the rally has legs,” said Gina Sanchez, Roubini’s director of equity and allocation strategy, and a contributor on CNBC. She tells us that Roubini’s firm currently recommends being overweight equities, playing cyclical areas of the market such as technology. “Also we’d take some tilts into staples and telecom to collect yield. And we’d also be overweight ag and livestock. Generally we’d take … Read more