I wrote on Thursday night that equity markets might not be too troubled by the events of Malaysian flight MH17. And that proved correct on Friday as US markets cruised higher with the Nasdaq gaining 1.57%.
I actually think equity traders should be more concerned over last week’s Fed comments suggesting the valuations of some small cap shares is stretched (particularly social media and biotech). For now, I’m not giving up on shares and will be watching earnings closely next week.
Until then, here are some interesting things I found across the web:
Dell has just become the biggest e-commerce business to accept bitcoin.
$300 million pump and dump stock scheme; 7 indicted.
Can Malaysia Airlines recover from this?
Does Rupert Murdoch bid spell the end for stocks?
How to code a Bollinger Band breakout in Amibroker.
More next week.