Sunder’s List: The Cycle

Roundup: S&P +0.53%, Dow +0.45%, Nasdaq +1.08%, Gold $1,198.20, London +1.09%, Germany +0.94%, France +0.51%. At pixel: Nikkei +0.79%, Hang Seng +0.81%

The cycle of “siren stories” as played out by the BRICs: a kernel of truth is packaged as the next big thing. Fools rush in, insiders cash out and the last one in is left holding the bag. After Japan’s Daiwa and America’s Fidelity, its now the turn of Morgan Stanley to call it quits in the Indian mutual fund business. (Reuters) Goldman drives the last nail into the BRIC coffin: As the Tide Goes Out

Bill Gates once remarked: “Most people overestimate what they can do in one year and underestimate what they can do in ten years.” The same can be said about the solar industry. After hitting the skids on the back of cheap Chinese manufacturing capacity, solar energy is set to decimate the good old fashioned utilities (discoms) as more and more businesses and household opt out of the gird. The death-spiral thesis runs thusly. Subsidies and falling technology costs are making distributed solar power—panels on roofs, essentially—cost-competitive with retail electricity prices in places like the southwestern U.S. As more people switch to solar, utilities sell less electricity to those customers, especially as they often have the right to sell surplus power from their panels back to the utility. (WSJ)

What do gold and bitcoins have in common? Leave it to Krugman to take-down the idiocy surrounding the obsessions. (NYT) [stockquote]GOLDBEES[/stockquote]

What does the VIX say? Volatility is at it lowest:

India VIX

Good luck and Merry Christmas!

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