The stock market will be closed tomorrow for the Christmas holiday. Here’s wishing you all a happy holiday. See you back on Wednesday.

Quote of the day

Joe Weisenthal, “As 2012 closes out, there’s evidence that the age of macro may be coming to an end for now.”  (Money Game)

Chart of the day

A long-term chart of Apple.  (Minyanville)


More evidence that individuals have given up on the stock market.  (Bloomberg)

The VIX futures curve has flattened out.  (Outside the Box)

What should we read into the ‘exodus from hedge funds‘?  (chessNwine)


A look at Andrew Abraham’s The Trend Following Bible: How Professional Traders Compound Wealth and Manage Risk.  (CXO Advisory Group)

12 new investing tools in 2012.  (Tradestreaming)


There’s never a better time to let go of ideological pundits who consistently get it wrong.  (The Reformed Broker)

Howard looks at some trends, including the rise of the fitness app.  (Howard Lindzon)

Important: concrete steps on learning to take small losses.  (Phil Pearlman)

Smart money is not necessarily big money.  (Ivanhoff Capital)


The big fight of 2013: Amazon ($AMZN) vs. Google ($GOOG).  (Reuters)

Apple ($AAPL) stock needs a big, juicy rumor to get going.  (SAI)

Our online world is getting gamified.  (NYTimes)

Toys are getting pushed aside for tablets.  (FT, NYPost)

Why 3-D printing is overhyped.  (Marginal Revolution)


2012 was a big year for activist investors.  (FT)

Norway is targeting US property.  (WSJ)


Ten successful ETF launches in 2012.  (ETFdb)

Vanguard is cutting ETF fees, again.  (IndexUniverse)

When active beats passive.  (Rick Ferri)


Emerging markets winners and losers in 2012.  (beyondbrics, ETFdb)

What currencies won and lost in 2012.  (Sober Look)


A new business cycle indicator is pointing up.  (Capital Spectator)

Why new household formation is such a big deal.  (The Atlantic)

Don’t look for shoppers in the malls these days, they are all online.  (The Daily Beast)

Merry Christmas! Gasoline prices are at their low for the year.  (Calculated Risk)

Real estate

They’re adding hotel rooms in Chicago again.  (Crain’s Chicago)

The Washington DC housing market is on fire.  (The Daily Beast)

Earlier on Abnormal Returns

Three reasons to NOT buy my book.  (Abnormal Returns)

Mixed media

Year-end lists are hazardous to your health.  (Quartz)

True professionals don’t fear amateurs.  (Seth Godin)

The ultimate Kung-fu inspired guide to the entire financial blogosphere.  (The Reformed Broker)

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