Quote of the day

Buttonwood, “It is not clear why it is a good deal for outside shareholders if one buys back shares with one hand and issues them with the other.”  (Economist)

Chart of the day

Tech sector earnings estimates ex-Apple ($AAPL).  (Money Game)

Markets

If multiple expansion is over, companies now need to start earning their keep.  (Money Game, MarketBeat)

The case for remaining long risk.  (Economic Musings)

On closer inspection, Goldman’s bullish call this week wasn’t all that bullish.  (Money Game)

Another quarter in which equities are crushing bonds.  (Bespoke)

The market is going to have to do some hard work to break to new highs.  (Dynamic Hedge)

Is this the best market indicator, ever?  (dshort)

Strategy

Claims of market timing success are usually exaggerated.  (A Dash of Insight)

Why many investors fail to diversify overseas.  (Market Blog)

Who does a better job of picking stocks: man or machine?  (Empiritage)

Why do people trade instruments they don’t understand?  (Investing With Options)

Thomas J. Herzfeld is still waiting to profit from when the US lifts the Cuba trade embargo.  (WSJ)

Companies

Why Apple ($AAPL) should get social and buy Twitter.  (Barry Ritholtz)

What is the “new” Google ($GOOG) all about?  (Pando Daily)

Reviewing the case for homebuilders:  KB Home ($KBH) edition.  (Money Game)

A closer look at Howard Schultz’s Starbucks ($SBUX) spin.  (The Atlantic)

Finance

Things are not looking good for Jon Corzine at the moment.  (Bloomberg, WSJ)

What happened with the BATS Global Markets IPO.  (WSJ, Felix Salmon)

The BATS IPO implosion was rare, but other firms that have pulled their IPOs.  (Dealbreaker, Clusterstock, TRB)

Mini-flash crashes happen more often than the statistics say.  (Apple 2.0, Businessweek)

Hey, why is no one talking about potentially the biggest scandal of all: Libor collusion.  (Term Sheet)

Don’t be fooled the bank bailout is ongoing.  (Big Picture)

In praise of the JOBS Act.  (A VC)

ETFs

Is the case of $TVIX going to prompt the SEC to change how it deals with complex ETP?  (Sober Look)

The ETFs that financial advisers love.  (Ari Weinberg)

There are two ETPs structured as C-corps. What you need to know.  (Invest With An Edge)

There are not a ton of international REIT ETFs.  (IndexUniverse)

Equity mutual funds continue to lose ground to ETFs.  (Sober Look)

Global

Four problems with aggressive monetary policy.  (Marketwatch, Money Supply)

Why is the UK economy sucking wind?  (Marginal Revolution)

Economy

Miles driven jumped in January.  (Calculated Risk)

Comparing the last two recessions.  (Modeled Behavior)

The age of the shadow bank run.  (NYTimes)

Earlier on Abnormal Returns

Pop-up trades or what traders can learn from the hot new restaurant trend.  (Abnormal Returns)

What you missed in our Saturday long form linkfest.  (Abnormal Returns)

Top clicks this week on the site.  (Abnormal Returns)

Mixed media

Is some one trying to game Bloomberg.com’s list of most popular articles?  (Big Picture)

Some people are holding out against the smartphone wave.  (NYTimes)

According to Forbes there is a bull market in MLB team valuations.  (EconomPic Data)

Abnormal Returns is a founding member of the StockTwits Blog Network.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.