Review & Outlook

Our take on the investing, financial, & economic themes of the day

What We’re Reading: August 13

Quote of the Day: 

“As this chart from Richard Bernstein Advisors shows [see below], mom and pop stink it up on a pretty steady basis and have lagged gains in every asset class, with the exceptions of Asian emerging markets and Japanese equities, over the last 20 years. The average investor has even managed to underperform cash – represented in the chart by 3-month T-bills.”

–William Watts in MarketWatch’s “The Tell” blog

 

Wednesday links: 

U.S. Stock Futures Rise (WSJ)

Kurds Push Attack in North Iraq as Maliki Clings to Power (Bloomberg)

The Stock Market is Correcting (The Irrelevant Investor)

What Investors Need to Know (Very Briefly) About the Repo Market (WSJ) 

The Average Investor Has Terrible Performance (MartetWatch)

China Internet Giant Tencent Holdings (TCEHY) Smashes Earnings Expectations (WSJ) 

Invensense (INVN): All Sensors Go! (Seeking Alpha)

Spirit Airlines (SAVE) Goes for a Growth Spurt (Businessweek) 

Kate Spade (KATE) is Turning Japanese (Businessweek)

A Tribute to Robin Williams (WSJ)

 

Chart of the Day:

Source:  MarketWatch’s The Tell blog