Tuesday links: ill-considered action

Markets

• By this measure 2018 has been an horribly bad year for investors. (bloomberg.com)
• How to think about spikes in the $VIX. (valueplays.net)

Strategy

• Don't let narrative distract you from the stuff that drives stock prices. (albertbridgecapital.com)
• Patience and preparation are important for baseball players and traders, to boot. (allstarcharts.com)

Crypto

• Tyler Cowen, "Now the time has come for crypto to go on a diet. No more easy money. No more thoughts about ICOs leading to quick riches. The rhetoric is shifting toward a more cautious or even apologetic tone. The corresponding reality can perhaps be one of greater focus and relevance." (bloomberg.com)

Amazon

• Amazon ($AMZN) throws down the free-shipping gauntlet this holiday season. (washingtonpost.com)
• Amazon ($AMZN) liked the HQ2 idea so much it is thinking of doing it twice over. (nytimes.com)

Finance

• BDC assets under management have doubled over the past five years. (bloomberg.com)

Funds

• Fulcrum-fees are the latest attempt to goose interest in active management. (wsj.com)
• A look at correlations among various factor ETFs. (capitalspectator.com)

Housing

• The Las Vegas real estate market seems to be cooling off. (calculatedriskblog.com)
• The CoreLogic September Home Price report shows an Increase of 5.6% year-over-year. (calculatedriskblog.com)
• Lumber prices are down 20% year-over-year. (calculatedriskblog.com)

Earlier on Abnormal Returns

• Research links: decaying signal strength. (abnormalreturns.com)
• What you missed in our Monday linkfest. (abnormalreturns.com)
• Adviser links: sold rather than bought. (abnormalreturns.com)
• You are never done being you. (abnormalreturns.com)

Mixed media

• On the parallels between voting and getting a flu shot. (behavioralscientist.org)
• How different would elections be if we had online voting? (awealthofcommonsense.com)
• Why voting matters, even if it comes down to voting for the lesser of two evils. (seths.blog)

Abnormal Returns