Monday Morning Reading for the New Year

Dec 30, 2013   //   by Profitly   //   Market, News  //  Comments Off on Monday Morning Reading for the New Year

What I’m watching going into the New Year:

A record run for stocks has investors nervous about 2014 according to MarketWatch. The S&P 500 is set to end the year at a record high with a return of nearly 30% in 2014. (MarketWatch)

It’s no secret that equities did well this year. The S&P 500 has climbed 29% this year, meaning it beat government debt by 32 percentage points. That’s the largest spread since at least 1978, according to data compiled by Bank of America Merrill Lynch and Bloomberg. (Bloomberg)

One hedge fund titan is set to have a record year and take the title of highest paid hedgie. David Tepper of Appaloosa Management could see a $3 billion-plus payday in 2013 (New York Post)

Virtual currency bitcoin is becoming more mainstream. Some small-business owners in New York City are accepting bitcoin currency at their brick-and-mortar shops, The NYP reports. (New York Post)

Twitter is falling for a second consecutive day after hitting all time highs last week. It opened down more than 4% this morning. (MarketWatch)

Here are a few extremely unlikely predictions for 2014, including GM buying Tesla and United Airlines filing for bankruptcy. (Bloomberg)