Animal Spirits: The Healthy Correction
Courtesy of Michael Batnick
On today’s Animal Spirits, we discuss:
Why you should not default on your 401(k) loans
There are enough active buyers and sellers of stocks
Attitudes on home ownership (survey)
Are taxis cheap or a value trap?
Amazon is going to tell you when you’re sick
Tesla sold more cars than Mercedes
Listen here:
Charts mentioned:
Tweets mentioned:
Mind-blowing chart showing Vanguard's monthly flows in 2008, not one month of outflows, even in Oct when mkt fell 17%. That's some Navy Seals-level discipline their investors have.. pic.twitter.com/PI4x8MsLJy
— Eric Balchunas (@EricBalchunas) February 13, 2018
Here are the Top 10 stocks most owned by ETFs, which are more less the Top 10 stocks most owned by everyone else too.. h/t @JSeyff pic.twitter.com/mAQcWpYqF5
— Eric Balchunas (@EricBalchunas) October 9, 2018
Annual price return of S&P 500 Index and median stock, via @blackrock pic.twitter.com/LAfbPO6Q6C
— Sam Ro (@bySamRo) October 8, 2018
As of the close yesterday, just 1% of Tech stocks were above their 50-DMAs. ALMOST as bad as it gets: $XLK $$ https://t.co/SNJTLu5lro pic.twitter.com/3pBZhqZimr
— Bespoke (@bespokeinvest) October 11, 2018
More S&P 500 stocks dropped to a 50-day low this week than during the February sell-off, in fact this is the most since the early 2016 decline. pic.twitter.com/4hKe1eztFP
— Andrew Thrasher, CMT (@AndrewThrasher) October 12, 2018
Recommendations:
The Systems Bible (free on Kindle)
