The Big Picture

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• Gasoline (Inflation-Adjusted) Since 1980
• Amy Schumer: Comedians In Cars Getting Coffee
• Bad Habits of Unprofitable Traders
• 10 Sunday AM Reads

Gasoline (Inflation-Adjusted) Since 1980 Posted: 30 Nov 2014 06:00 PM PST Source: Chart of the Day From Chart of the Day: As a result of an overall sluggish global economy plus increased global supply, the price of crude oil continues to trend lower. Over the past seven months, the cost of one gallon of gasoline has declined a significant $0.88 (i.e. 24%). Today’s chart provides some long-term perspective in regards to gasoline prices by presenting the inflation-adjusted US price of one gallon of gasoline since 1980. There are a few points of interest. For one, geopolitical crises are often associated with major swings in the price of gasoline. It is also worth noting that, since the financial crisis, the resulting peaks of gasoline price spikes have been decreasing over time (see downward sloping red trendline). In the end, the recent plunge has brought gasoline prices to five-year lows.

Amy Schumer: Comedians In Cars Getting Coffee Posted: 30 Nov 2014 02:30 PM PST Source: Comedians In Cars Getting Coffee

Bad Habits of Unprofitable Traders Posted: 30 Nov 2014 09:00 AM PST Steve Burns posted a nice list of rules for traders. It is a worthy addition to our prior lists of rules (most recently, here; all previous rules here)   10 Bad Habits of Unprofitable Traders 1. They trade too much. 2. Unprofitable traders tend to be trend fighters, always wanting to try to call tops and bottoms. 3. Taking small profits quickly and letting losing trades run in the hopes of a bounce back, is a sure path to failure. 4. Wanting to be right more than wanting to make money will be a very expensive lesson. 5. The biggest key to profitability is to avoid big losses. (sizing / risk vs reward) 6. Unprofitable traders watch CNBC for trading ideas. 7. Unprofitable traders want stock picks, while profitable traders want to develop trading plans and systems. 8. Unprofitable traders think trading is about being right. 9.  Unprofitable traders don't do their homework because they think there is a quick and easy route to trading success. 10. Unprofitable traders #1 question is how much they can make if they are right, while the profitable traders #1 concern is how much they can lose if wrong.   Good list for newbie traders . . .

10 Sunday AM Reads Posted: 30 Nov 2014 04:00 AM PST Some easy-like Sunday morning reads from one time zone away: • Noah Smith: An Unbeatable Investment for Millennials (Bloomberg View) • Vanguard Takes a Victory Lap: 86% of its Stock Funds Beat the Peer Group (Reformed Broker) see also As Indexes Soar, Active Stock Pickers Can't Get Off the Ground (MoneyBeat) • When G.M. Was Google: The art of the corporate devotional. (New Yorker) • A Smart Way to Include International Stocks in Your Portfolio (Total Return) • Here Comes $60 Oil as OPEC Tests U.S. Shale (Bloomberg) • The Case Against Early Cancer Detection (FiveThirtyEight) • This Man Was Supposed To Become Steve Jobs 2.0 — Here's What Happened Instead (Business Insider) • Why a Simple To-Do List Tool Is Winning Over Legions of Fans (Wired) • 5 Reasons Giving Thanks Can Improve Your Life (Science of Us) • White People Rioting for No Reason (NY Mag) What are you reading?   Mortgage Lenders Set to Relax Standards Source: WSJ

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