The Movies Are Becoming Just Like The Markets: A Handful Of Blockbusters And Tons Of Losers

Back in July we first revealed something troubling: leadership breadth was collapsing not just across the Nasdaq...

 

... but the broader market as well:

 

As the WSJ had calculated, out of a total of 500 stocks, just Amazon, Google, Apple, Facebook, Gilead and Walt Disney accounted for more than all of the $199 billion in market-capitalization gains in the S&P 500. In fact, as of July, just these six firms were responsible for more than half of the $664 billion in value added to the Nasdaq Composite Index as of July.

 

Spot The Difference: Salafist Edition

Earlier today, we highlighted comments from the Ayatollah who spoke out yesterday against the execution of prominent Shiite cleric Nimr al-Nimr.

The Sheikh was killed by the Saudis for his role in anti-government protests during the Arab Spring. His execution sent shockwaves across the Shiite world as protesters took to the streets from Bahrain to Pakistan in a dramatic outpouring of grief and anger.

Unmanageable Money: Hedge Funds Keep Losing (And Closing) - Why It Matters

Submitted by John Rubino via DollarCollapse.com,

How do you make money in a world where history is meaningless? The answer, for a growing number of big fund managers, is that you don’t.

Hedge funds, generally the most aggressive species of money manager, do a lot of “black box” trading in which bets are placed on previously-identified patterns and relationships on the assumption that those patterns will repeat in the future.

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