Happy New Week! A beautiful day for short selling as futures traders (2½ hrs before opening) are already into a sell-off: stock indexes -0.34%, metals -1.16% with the entire commodities market priced to sell at -0.45%. Makes for plenty of news headlines:-- Oil falls more than 1 percent as euro tumbles after Greek election
Greek radical left wins election, threatening market turmoil
These taxes are going up, sooner or later
4 ways to play the currency wars Small-Firm Market Effect Is Real, And It's Spectacular - Cliff Asness, AQR
High-Frequency Traders Need a Speed Limit - Mark Buchanan, Bloomberg
Politicians Must Learn to Love Deflation - Jeff Dorfman, RealClearMarkets
Financial Press Promotes Economic Illiteracy - Acting Man
--and new FR econ threads:
- Texas, the ‘great American job machine,’ is responsible for the +1.2M net US job increase since 2007
- ‘Poor people don’t plan long-term. We’ll just get our hearts broken’
- Peer-reviewed pocket-calculator climate model exposes serious errors in complex computer models
- Denis McDonough on Adm's domestic, foreign policy priorities ["trust funds,"tax rate,prisoners]