Quote of the day
Jonah Lehrer, “We talk the talk about restoring American innovation. But the only way to get major innovation is to make bets that might not pay off.” (The Frontal Cortex)
Chart of the day
Checking in on some longer term Fibonacci retracement levels. (Afraid to Trade)
Markets
Where the major asset classes stand at the moment. (Capital Spectator)
Individual investors are giving up on the stock market. (Infectious Greed, WSJ)
The dumb money is still bearish. (The Technical Take)
Utilities are still leading the market. (Dragonfly Capital)
What to look for in a bounce. (Big Picture)
Muni bond buyers are huddled in the short term part of the yield curve. (Bond Buyer)
The effect of aging population on asset prices. (Economist)
Strategy
Gold options volatility has spiked. (Investing With Options also Bespoke)
Traders oftentimes don’t know they are stressed out. (Economist)
A value investor’s checklist. (Old School Value)
Why low volatility investing works. (Falkenblog)
Companies
Warren Buffett has found a stock (his own) he can really get behind. (WSJ, Crossing Wall Street, MarketBeat, The Reformed Broker)
Bad boards can kill a company. The sorry history of Hewlett-Packard ($HPQ). (Monday Note)
Netflix ($NFLX) hooks up with DreamWorks Animation ($DWA). (NYTimes)
Sadly predictable pay practices at Temple-Inland ($TIN). (footnoted)
ETFs
What happens to commodity ETFs if position limits are tightened? (IndexUniverse)
The high price of getting into mutual fund supermarkets. (World Beta)
An unfortunate choice of ticker symbol. (Kid Dynamite)
Finance
What makes rogue traders tick. (The Reformed Broker)
How the investment research game has changed. (research puzzle pix)
2011 is the year for hedge funds to prove their worth. (Institutional Investor)
Operation Twist will help money market funds but only ever so slightly. (WSJ)
How electronic trading has changed the futures industry ecosystem in Chicago. (Crain’s Chicago)
Bad times for M&A activity. (Deal Journal)
Global
Euro stocks are cheap, cheap, cheap. (ROI)
Buying into the panic in emerging markets. (Crackerjack Finance)
How times have changed. Emerging market companies are buying up developed country companies. (Economist)
Metals prices are pointing to global economic weakness. (Pragmatic Capitalism, Dr. Ed’s Blog)
Economy
The Chicago National Fed National Activity Index continues to weaken. (Calculated Risk)
Inflation expectations are “wilting.” (Carpe Diem)
By what process are long term Treasury yields generated. (Interfluidity)
Tough times for male college grads. (Michael Mandel)
On the downside of Internet arbitrage. (The Atlantic)
The economy stinks. Blame Facebook. (MarketBeat)
Earlier on Abnormal Returns
Is Apple ($AAPL) the new Microsoft ($MSFT)? (Abnormal Returns)
What you missed in our Monday morning linkfest. (Abnormal Returns)
Mixed media
Americans are historically (and profoundly) dissatisfied with government. (Gallup via @kevindepew)
Being married to Mrs. Market is not for the faint of heart. (I Heart Wall Street)
The bubble that is New York City taxi medallions. (The Atlantic)
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