I get this question all the time, so instead of trying to explain what I thought was going to happen to each person I decided to build a site that gives the most accurate answer you will find anywhere. If you need more then this site provides then it will cost you.
Here is the site
What Will The Market Do Today.com
Happy Trading,
Dave Taggart
I have always loved to read. When I was like ten years old I remember trying to read with the light that came through my window from the street light. Unfortunately my room didn’t have a clear view so I had very little light. But what was I supposed to do, seeing as how my dad would take away our reading lamps so that we would actually go to bed.
Anyways I still read a lot both offline and online and due to my Twitter posts, and therefore my Facebook updates, I get questions as to where do I find the news I read. Most of it not surprisingly is financial in nature but I also throw out the super random stuff as well. Anyways I figured I would go through my RSS reader and point out a few highlights.
In the order that they appear in my RSS reader
If you like the financial markets and you don’t read abnormal returns daily then you are missing out. Hand down the best daily link fest you will find. These guys/girls/I don’t know who they are, do an excellent job at collecting their online readings and providing us with useful articles. It is a daily staple for me and should likely be for everyone.
CXO backtests just about everything to see if it has any predictive power. They post just about every day and at least once every week or two I get something very useful out of reading it. Mind you I read it every day and while virtually every post is interesting I only get “aha” moments every few weeks. I think they do a better job of testing potential market anamolies then almost every academic paper I have ever read.
Macro man is not only really entertaining but also really smart. A long time macro trader he posts almost every day and is a must read. Since I write a weekly global macro trader newsletter each week you may wonder why I would mention another site. Well first of all he is not a competitor as he doesn’t sell a service but the main thing is that he is a good writer and if you are into macro you should be reading him every day.
Rob Hanna, the writer of Quantifiable Edges post virtually everyday and does an excellent job at uncovering market anomalies and sharing them with us. I get his daily letter and it is very well done and is extremely useful for the short term trader. Again he does not compete in the same space as I do and even if he did he’s a good guy and I think most traders would be well served by adding this site to your reading list.
Barry is one of the longest standing and most visible financial bloggers out there. While I dont always agree with him, and his site has gotten a bit unwieldy, he still posts very useful insights and now has some really good guest posters.
Charles Kirk is one of the better known bloggers out there. This is for two reasons: one is that his posts are well done and insightful, and two because he comes across as a good dude. One interesting thing is that he lives relatively close to me down in Cedar City as his wife is now teaching at SUU.
One of the few good bond blogs, John Jansen is a wonderful resource into the day to day workings of the bond market. A long time institutional trader he now trades his own account and posts several times each day with insights that can only be gleamed by talking to several years of experience and daily contact with bond desks.
Andy is a successful trader as well as entrepreneur who I follow on Twitter. He has built a few trading related businesses and sold a few as well. His posts are usually fairly short but I find them interesting and useful.
Eddie has been posting for a few years now and usually has insightful and fun posts. Not much else to say other then that I read just about everything he posts.
The Chairman lives in China and trades. He is one of the Godfathers of the blog world and is likely THE Godfather of financial blogs. His site is filled with really useful as well as a few way random things. Smart guy and seems to know what he is doing.
David Merkel is a very smart and a very good guy. While he has written for The Street.com he is a very low key guy that knows the insurance industry as good as anyone. Actually it is more accurate to say he knows it better then just about anyone. He also posts regularly about other market related items.
For all things energy the Oil Drum is a wonderful resource. While I don’t agree with everything they say, I learn a ton every time I read them. By and large this site is great if you are a peak oil believer, but even if you aren’t it is a useful site to learn about energy.
Mebane is a good dude and shares a lot with his blog readers. His paper is on the top 10 all time downloaded posts on SSRN and he is big on market anamolies. He has built a new software product as well as written a book. He is smart and totally worth reading.
Long or Short is one of the funniest financial blogs in existence. From going long hookers to believing in the rise of the Cephalopods these guys are hilarious.
One of my best friends as well as one of the best SEO guys in existence, Courtney Tuttle does an excellent job explaining, teaching, and doing SEO. He can rank for any keyword faster then you and finds anamolies in the GOOG better then anyone I have seen. If you want to learn to rank for a certain term he can teach you. Now that he has a membership site he offers several videos and tutorials on different aspects of SEO and is adding new content all the time. If you are an avid blogger you might be interested in knowing that some people really do make a lot of money blogging and in most cases no one has ever heard of them. Felix Salmon can say what he wants but some people make a lot of money via blogging.
Gen Y is written by a Cuban in Cuba. It details the everyday life of a Cuban named Yoani Sanchez. She lives there due to family but she can’t even post to her blog due to the fact that Cuba is a communist nation and Castro is a total bastard POS. With a mother who was born in Cuba that left when she was 13 I am half Cuban and am definitely of the vehemently Anti-Castro Cubans. If you are interested in Cuba this site is worth reading.
Wages of Wins, written by the authors of a book by the same name is a great site for the sports enthusiast. In the spirit of Moneyball this site goes over a lot of different stats and other predictive events in sports. As an added bonus David Berri now teaches at SUU down in Cedar City teaching Applied Economics. If you are in Cedar then you need to read his stuff and take his classes.
I read about 100 or so more sites on a regular basis but these are some of my favorites and most often visited. if any of them sound interesting then give them a visit. You will not be disappointed.
Happy Reading,
P.S. If you like any of this feel free to link to this post, or to my site with your site or blog.
Welcome to my blog. I have owned my domain name for a few years and finally got around to getting my personal blog up the other day. I still have a lot of site editing to do but for now at least I can post.
Here’s a little about me. I was born in the late seventies and was raised primarily in Cody, Wyoming and Provo, Utah with an eventful stop in East Lansing, Michigan and stops in Laramie, Wyoming and Park City, Utah as well. I also served a LDS mission to Puerto Rico so I guess you could say I lived there for two years as well.
As it says in the sidebar I have been in the investment business full time since 2000 and have loved almost every minute of it. A little over a year ago I went out on my own and currently own and operate The Macro Trader, a weekly global macro publication with frequent intra-week updates for time-critical analysis and actionable trade ideas. In addition to The Macro Trader I am a partner in Attitrade.com a site that provides traders with a lot of useful scans, volatility charts, and other tools for traders as well as several education programs for the beginner all the way to the advanced trader. Aside from trading related businesses I am also an investor in a few other web sites. Over time I will go into each business that I am involved with and how they are doing.
Throughout the day I am on Twitter with the handle @dctag I also have @DavidTaggart and am considering changing over but for now if you want to find me use @dctag. I am usually pretty active but occasionally am absent from Twitteronia so if you don’t see a post one day I am probably not dead but instead too busy.
I am hoping to post fairly regularly to this blog as it reflects on me and therefore I can speak my mind. I don’t recall ever being accused of not having an opinion on something so now and then expect a full fledged rant. I will try not to swear very often on the blog as I am trying (not hard enough and with little success) not to swear in my offline life but there will no doubt be the occasional word or twenty.
Anyways that is enough about me for now.
Happy Life,
David Taggart