Foxconn To Get $230,000 In Incentives For Every Wisconsin Job Created

The "incentive package" for the Foxconn deal will total $3 billion over 15 years, including $1.5 billion in state income tax credits for job creation; up to $1.35 billion in state income tax credits for capital investment and up to $150 million for the sales and use tax exemption. In other words, just over $230,000 for each new job that Foxconn may (or may not) create.

The Myth Of India's Information Technology Industry

"The Indian IT industry and most Indian businesses are run by people who are more akin to power-brokers and traders. In IT, they have just created a story and traded Indian 'coolies' for wage-arbitrage.  For them IT jobs are passports to get Green Cards and go to US...Inside the country, Indians have increased their gold hoarding...Those who can are moving their gold and wealth abroad."

Howard Marks Sounds The Alarm On ETFs And Passive Investing, Again

"If funds ever flow out of equities and thus ETFs, what has been disproportionately bought will have to be disproportionately sold.  It’s not clear where index funds and ETFs will find buyers for their over-weighted, highly appreciated holdings if they have to sell in a crunch."

Facebook Tumbles Then Surges As Algos React To "Fake" Earnings Estimate

Facebook first tumbled then jumped after reporting Q2 EPS of $1.32, which initially slammed the stock as much as 5% lower however, then jumped just as quickly when it emerged that Bloomberg had blasted a wrong EPS estimate, which spooked algos, only to correct itself with the correct, lower number, prompting a buying frenzy.

22 Troublesome Facts

Below are 22 troublesome facts explaining why the herd may, in fact, have it wrong.