Ritholtz's Reads: Market Grinches and Bear Casualties

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.”
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As we rapidly approach the week’s -- and the year’s -- denouement, its important to keep some perspective (William Goldman was right!). Our morning train reads:

  • How the Market Stole Christmas! (Macro Man)
  • To save itself, Greece must exit the Euro (Telegraph)
  • The First Casualty of a Bear Market (The Reformed Broker)
  • Vanguard turns firepower on shake-up of financial advice market (FT)
  • How Did Balanced Funds Weather the Crisis? CIO asks if pensions might have been better off sticking with the old ways. (Chief Investment Officer)
  • Obama’s Unambiguous Message to Putin About Cuba: We Win and You Lose (Bloomberg)
  • A black hole for our best and brightest: Wall Street is expanding, and the economy is worse off for it. (Washington Post)
  • The secret to the Uber economy is wealth inequality (Quartz) see also How changes in income inequality can help us understand the pricing of financial assets (Washington Center for Equitable Growth)
  • Reaction to the Sony Hack Is ‘Beyond the Realm of Stupid’ (Vice)   see also Killing ‘The Interview’ Could Cost Sony $100 Million (fivethirtyeight)
  • The Most Amazing Science Images Of 2014 (io9)

What are you reading?

Junk-Bond Worries Spread Beyond Oil

WSJ

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

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

To contact the editor on this story:
Cameron Abadi at cabadi2@bloomberg.net