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Monthly Archives: August 2012

If You Have an iPhone You’re in the Minority

“There were four Android phones for every iPhone shipped in the second quarter, research firm IDC said Wednesday. That’s up from a ratio of 2.5 to 1 in the same period last year.

The success of Samsung’s Android phones helped Google’s operating system extend its dominance in the smartphone market.”

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This Is What A $60 Million HIGH SCHOOL Football Stadium Looks Like

via deadspin.com

You’re looking at a recent photo of Eagle Stadium, in Allen, Texas, a northern suburb of Dallas. The stadium, three years in the works, will seat 18,000 when it opens later this month. It’s got two luxury suites, a pro-quality press box, a 3,400-square-foot HD video scoreboard—and tickets will be just $10 a game for the all-bleacher seating. This is Texas football.

According to Fox Sports Southwest, Eagle Stadium is only the fifth-largest high school field in the state, though that includes an MLS arena, two 1930s WPA projects, and Memorial Stadium in Mesquite, which is shared by five schools. So actual single-purpose prep stadiums don’t get any bigger or nicer than this one.

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Has High Frequency Killed Buy and Hold ?

“Buy-and-hold strategies typically do perform well, but their success is predicated on buying and holding the correct assets. Having exposures to the correct market segments is called beta management, and investors tend to be very poor beta managers.

“Stocks for the long run” was the theme of the late 1990s and early-2000s, and investors were encouraged to buy-and-hold S&P 500 index funds. That seemed to make sense to them at the time because the US stock market had just finished one of its most successful performance decades in history. As a result, investors preferred US stocks. Unfortunately, US stocks subsequently underperformed.”

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Bogle: Avoiding Stocks Right Now Is a Big Mistake

“Despite calls from legendary investor Bill Gross that stocks have seen their day, and despite fears that investments aren’t safe due as evidenced by the technical glitch at Knight Capital that rattled markets, stocks are a necessity in a portfolio, said Jack Bogle, founder of The Vanguard Group.

“Knight Capital is meaningless for anyone in the market for the long haul,” Bogle told CNBC. “In fact, you’re probably in a mutual fund and you can pat yourself on the back for being smart.”

Mutual funds tend to spread risk across a basket of stocks and hedges.”

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Small Bombs

Today’s hybrid movers under $10:

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STUDY SAYS WORLD BEER PRODUCTION HITS NEW HIGH

via AP

TOKYO (AP) — A new report says the world’s appetite for beer hit a new high last year, with China leading the way.

The report released Wednesday by the research arm of a major Japanese brewery said it was the 27th consecutive year that beer production marked an increase. It attributed the rise to robust demand in Asia and developing countries.

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A New Measure to Size Up Too Big to Fail

“Too central to fail” instead of “too big to fail”: whether banks pose a risk to the financial system when they get into distress has more to do with their level of networking than with their size. Economic researchers at ETH Zurich have developed a method to deduce the “systemic importance” of banks from their complex connections within financial networks.

“Between 2008 and 2010 a total of 22 banks formed the innermost circle of the financial crisis. They were so intensely connected with each other through credit relationships, mutual equity investments and financial dependencies that the distress of any single one of them could endanger the entire financial system. [..]”

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Chevron Refinery Fire Expected to Raise Gasoline Prices – $CVX

“RICHMOND, Calif. (AP) — Analysts say a fire at one of the country’s biggest oil refineries will contribute to higher prices at the pump on the West Coast.

The fire at the Chevron refinery in Richmond, about 10 miles northeast of San Francisco, broke out Monday evening.

It sent plumes of black smoke over the San Francisco Bay area and sent scores of people to hospitals with breathing problems before it was out the following morning.”

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