Dow 17,000 Doesn’t Matter – Morning Linkfest (July 14)

by Aaron Levitt | July 14, 2014 9:47 am

We love financial market milestones. Investors seem to be drawn to these big, round numbers like moths to a flame. They’re a beacon for portfolios — or at least that’s the perception. To be honest, they’re just bunk. Maybe they have some meaning for the technical guys or traders , but for the rest of us, Dow 17,000 doesn’t really effect our long investing goals. Here’s Market Watch’s Chuck Jaffe on why you shouldn’t look at milestones[1].

Financial Sense (Lance Roberts): Speaking of Dow 17,000 and market milestones — are a new cadre of Robo-Advisors a sign of the top[2]?

Clear Eyes Investing (Todd Wenning): Maybe we should just own fewer stocks. Not as a percentage of your portfolio, just a smaller number of firms[3].

Vanguard’s Advisor Blog (John Woerth): Still, now is a great to time to be an investor and put some money to work[4].

Morningstar/The Rekenthaler Report (John Rekenthaler): And while you’re investing for retirement, focus on income, income and more income[5].

The New York Times’ DealBook (Rachel Abrams & Jessica Silver-Greenberg): Predatory practices in the student loan industry? Shocking, I know[6].

OilPrice.com (Andy Tully): According to BP (BP[7]), we only have about 53 years’ worth of oil left. So how about that solar[8]?

Naked Capitalism (Yves Smith): So will oil and natural gas be the next big bubble? A subprime in the making[9]?

Chicago Tribune (Caroline Copley): A sweet merger Monday. Swiss Chocolatier Lindt makes a move for Russell Stover[10].

Slate (Jordan Weissmann): Like ‘Merica? Then you should be drinking hefty amounts of craft beer. For Freedom[11]!

Aaron Levitt is an investment journalist living in Ohio. With nearly two decades of experience, his work appears in several high-profile publications in both print and on the web. Also likes a good Reuben sandwich. Follow his picks and pans on Twitter at @AaronLevitt[12].

Endnotes:

  1. look at milestones: http://www.marketwatch.com/story/dow-17000-is-just-a-number-2014-07-10?siteid=rss&rss=1
  2. a sign of the top: https://www.financialsense.com/contributors/lance-roberts/are-robo-advisors-warning-late-stage-bull-market
  3. a smaller number of firms: http://www.cleareyesinvesting.com/2014/07/why-you-should-probably-own-fewer-stocks.html
  4. money to work: http://vanguardblog.com/2014/07/08/why-its-a-great-time-to-invest/
  5. income, income and more income: http://news.morningstar.com/articlenet/article.aspx?id=655232
  6. Shocking, I know: http://dealbook.nytimes.com/2014/07/13/companies-that-offer-help-with-student-loans-often-predatory-officials-say/?_php=true&_type=blogs&_r=0
  7. BP: /stock-quotes/BP-stock-quote/
  8. So how about that solar: http://oilprice.com/Energy/Energy-General/BPs-Latest-Estimate-Says-Worlds-Oil-Will-Last-53.3-Years.html
  9. A subprime in the making: http://www.nakedcapitalism.com/2014/07/will-fossil-fuel-subprime-cycle.html
  10. move for Russell Stover: http://www.chicagotribune.com/business/sns-rt-us-russell-stover-lindt-spruengl-20140712,0,5915575.story
  11. For Freedom: http://www.slate.com/blogs/moneybox/2014/07/03/craft_beer_why_thomas_jefferson_would_love_it.html
  12. @AaronLevitt: https://twitter.com/AaronLevitt

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