Here are seven (or so) links at 7AM Eastern.  We will see you later with the daily linkfest.  Good luck out there.

If you are not looking to the turn you are missing out.  (The Reformed Broker)

The financial sector is again trading above book value.  (FT)

The market is rallying strongly this morning on a double dose of stronger than expected economic data. The first report was the monthly payrolls report, which showed the economy added 243,000 jobs in January. That was far greater than the 155k forecast. Private payrolls were also much greater than expected at +257,ooo vs. 168,000 consensus. Also, the unemployment rate fell to 8.3%.

Quote of the day

John Authers, “There are too many hedge funds. “  (FT)

Chart of the day

Quote of the day

Wesley Gray, “One of the beauties of quantitative investing is the complete removal of human emotion from the investment process…If you like to meddle in the results, quant isn’t for you.”  (Turnkey Analyst)

Chart of the day

Here are seven (or so) links at 7AM Eastern.  We will see you later with the daily linkfest.  Good luck out there.

Markets

The S&P 500 was up 4.36% in January.  (Global Macro Monitor)

This blog started in 2004 and back then markets were functioning normally (mostly). Equities were mostly moving higher even if returns were lumpy and there was no speculation about which would be the next country to need a bailout. It was not a riskless environment but the risks confronted were rather pedestrian compared to what they have been since 2007.

This is an early (and incomplete) edition of the daily linkfest.  We will catch up with you tomorrow.

Quote of the day