- Short sellers are staking their claims on the downside of the stock market. Short interest in the S&P 1500 has reached its highest level in three years. “The basket of the most heavily shorted stocks is down 38% since the start of 2014.”
- Time to brace for the wave of bankruptcies that is coming in the wake of cheap oil. BlackRock's Larry Fink estimates that up to 400 companies could go belly-up.
- The chief executive of tobacco giant Altria Group says we don't need to worry about the economy being in a recession because consumers are still buying cigarettes. Um, don't most smokers continue buying cigarettes regardless of the economic cycle, because they're addicted to them? The mini-renaissance in the cigarette industry.
- Talk about a trigger warning. The Communist Manifesto, by Karl Marx, ranks among the top texts assigned by U.S. college professors. As an economist, Marx ranks just ahead of Paul Krugman.
Investment Insights: The Blogblog
Jeff Benjamin breaks down the game for advisers and clients.
Short sellers are licking their chops in this market
Plus: Bracing for energy-sector bankruptcies, cigarette sales as an economic indicator, and Karl Marx is the most popular economist on campus these days
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