On today’s Animal Spirits, we discuss:
Sentiment washout and stocks still can’t bounce
The Incredible Hulk of alternatives
Money cannot buy rich people more happiness
67% of workers earning >$100k are going to quit their jobs
Willing to pay for outperformance
Madoff victims being made whole
We have yet to actually book a -3% day in December this year (with 48 minutes to go in today's session as of this post).
But here's a list of EVERY year since 1950 that saw at least one -3% day on $SPX in December:
You can't make this up.
— OddStats (@OddStats) December 4, 2018
Serious question, why is it reported as matter of fact that the abundance of private capital was driven by low interest rates? pic.twitter.com/QrbGwqCVYO
— modest proposal (@modestproposal1) December 7, 2018