A wide-ranging, forecast-free investment blog

Friday Links: A Bullish Extreme

The CBOE equity put/call ratio has reached a bullish extreme.  (VIX and More)

Credit spreads keep coming in.  (FT Alphaville)

Individual investors have gotten a bit less bullish.  (The Pragmatic Capitalist)

The VIX tells us where we are, not where we will be.  (Minyanville also Daily Options Report)

Companies with cash on hand have started buying back their own shares.  (Economist)

Signs of life on the dividend front.  (Market Blog)

The highly leveraged retail FX game may coming to an end.  (FT Alphaville)

“Could Henry Kravis handle a hog?”  (Reuters Breakingviews)

Private equity needs to show that is more than just a one-trick (leverage) pony.  (Economist)

Pensions funds are changing the way they categorize asset classes.  (WSJ)

The Yale endowment is doubling down on private equity and real assets.  (peHUB, DealBook, World Beta)

What FedEx (FDX) is saying about the state of the economy.  (Jeff Matthews)

TheStreet.com (TSCM) has issues with the SEC.  (Wall St. Cheat Sheet)

How to find an investment strategy that fits your personality.  (Derek Hernquist)

Brett Steenbarger, “A key idea in psychology is that you are less likely to fall prey to information-processing biases if you are fully aware of those biases.”  (TraderFeed)

The Greek bailout is in trouble.  (The Money Game, 24/7 Wall St., DJ Market Talk)

Europe’s focus on speculators shows they have yet to come to terms with their fiscal problems.  (Clusterstock)

Greenspan was wrong on monetary policy AND bank regulation.  (Big Picture)

The housing price-to-rent ratio is getting close to normal levels.  (Calculated Risk)

Has there been a turn in hospitality trends?  (Atlantic Business)

“The US no longer controls the geology of oil, or the price of oil. But, we carry on as though we will again in the future.”  (Gregor Macdonald)

Wall Street is defending its ability to limit access to its research.  (Bloomberg)

The best sites for ETF data.  (IndexUniverse)

A financial book pairs trade.  (Credit Bubble Stocks)

How “gaming” is becoming a bigger part of our culture.  (GigaOM)

Starbucks (SBUX) vs. Dunkin’ Donuts.  What it means for Starbucks profits.  (The Big Money)

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