Good day after Christmas morning. (Have fun with those returns/exchanges.) Hope you saved some cash for the huge after holiday sales! Before you hit the stores, here are some interesting reads:

• S&P 500 Hits 42nd Record Close, Most Since 1998 (Barron’s)

• Merry F%@#ing Buyback Christmas (Reformed Broker)

• The Greatest Gift of All (Economically Speaking) (Bloomberg)

• 8 1/2 Things That Went Right in 2013 (Businessweek)

Perenially wrong bank analyst Bove defends TBTF banks: Why the US needs big banks (NY Post) Man, that litigation seems to have broken his spirit

• China cash crunch symbolises central bank policy quandary (FT)

• Japan’s stock rally might not be finished (WSJ)

• When ‘60 Minutes’ Checks Its Journalistic Skepticism at the Door (NY Times)

• $1B/year climate denial network exposed (BoingBoing), see also Institutionalizing delay: foundation funding and the creation of U.S. climate change counter-movement organizations (Springer)

• How Iron Maiden found its worst music pirates -- then went and played for them (Cite World)

What are you reading?

Asset Class Performance for the Cycle

Source: Short Side of Long