NASDAQ is partying like it's 1999.

Excellent and funny post from Josh Brown on the current state of the market.


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Spoofing and and herd behavior

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Indexing Pension Funds

This is a bit of a repost - but is relevant as we talk about fees. Back in February I wrote a white paper that was a back of the envelope analysis of the fees paid buy the pension fund, including some hidden fees such as trading costs.   You can read the paper here .    It was referenced in this article on Forbes  that talks about indexing pension funds.
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