Review & Outlook

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

What We’re Reading: October 13

13 October, 2014 by Matthew O'Brien, Ph.D. in Commentary

Stats of the Day

After last week’s tumultuous trading, here are some interesting stats (via Barry Ritholtz at Bloomberg) that put things into perspective:

• Since 1928, markets have averaged about three 5 percent corrections each calendar year;

• U.S. stock markets have not experienced a 10 percent correction since October 2011;

• Big-cap indexes (S&P500 and Dow Industrials) are within 5 percent of their all-time highs;

• Small-cap stocks have fallen below their 200-day moving average for the first time since November 2012.

Monday’s Links

Fund Traders Dig Deep for Bonds (WSJ)

Ireland Considers Closing Corporate-Tax Loophole (WSJ)

Before the Advice, Check Out the Adviser (New York Times)

Everyday Low (Banking) Prices (New York)

Buybacks: Money well spent? (Financial Times)

OPEC Members’ Rift Deepens Amid Falling Oil Prices (Wall Street Journal)

It’s time to ditch the Dow Jones Industrial Average (WSJ MarketWatch)

Chart of the Day

ft buybacks

Source: Financial Times