Remember "NINJA loans" - for those with "no income, no job or no assets?" Ian Bezek shows how we're headed down that same primrose pre-crisis path anew - after Wells Fargo announced it will be offering 3%-down mortgages to folks with relatively low FICO scores.
In like fashion, see also Jesse Felder's brief rebuttal of permabull professor Jeremy Siegel's argument that we're only in the "first inning" in the ascent of dividend-paying stocks. Felder's charts bear eloquent testimony to the manic nature of today's stock market.
Wishing our readers a meaningful Memorial Day.
For now, here are links to today's advisor-related news:
- Martin Lowy explains why too much corporate debt will not trigger a crash, as another SA contributor had argued this week.
- Seven market anomalies that agile alpha-seekers can exploit for profit.
- The Heisenberg highlights the absurd proportions of China's debt bubble.
- Kurt Dew comments on how the Big Boys are trying to quash IEX's bid to provide fair trading for all investors.
- Sami Karam on why investors can't win with hedge funds: they don't hedge and they overcharge.
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