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Here Comes That Correction! – Linkfest (Aug 7)

Your daily dose of some of the best reads elsewhere on Wall Street


Well, it looks like we are finally here. The stock market is having is much-touted correction. Want some proof? Gold prices have jumped and now sit at some recent highs. That’s important, as the precious metal has been in freefalling along with stocks for the last few weeks. Breaking free of stocks’ yoke, rising gold during these corrections is a sign that things are a bought to get dicey. Here’s Brendan Conway at Barron’s Focus On funds Blog with more on gold’s rise.

The Market Oracle (Christopher Quigley):  Aside from gold, more signs are pointing to a correction. Head into your bunker.

Capital Spectator Blog (James Picerno): Macro risk is rising. Rapidly.

USA Today (Adam Shell): We are still so far from a full on downturn and correction. But already, the pain stings.

The Aleph Blog (David Merkel): Correction going down? Is it time for a permanent portfolio strategy.

Forbes (Bill Greiner): Are we really just worrying about nothing? A small correction is a healthy part of a long-term bull market.

Tech Crunch (Alex Wilhelm): A new startup wants to bring hedge funds to the masses! That’ll end well for mom & pop

Oil (Andy Tully): So is renewable energy actually more expensive than first thought? An economist says yes.

The Sydney Morning Herald (Malcolm Maiden): Mega miner Rio Tinto (RIO) is kind of a jerk. It’s pushing down the price of iron ore to bankrupt rivals.

Quartz (Svati Kirsten Narula): The secret world of secret fast food menus. I’ll take my burger “animal-style”.

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