Quote of the day
“Thirty-four percent of Americans say gold is the best long-term investment, more than say so about four other types of investments.” (Gallup via @EddyElfenbein)
Chart of the day
Don’t tell Tiffany & Co. ($TIF) the economy is bad. (Money & Co.)
Markets
It takes some time for gold to rebuild momentum after a high volume correction. (Tyler’s Trading)
The exchange merger trend has not played out as expected. (the research puzzle)
The “hurricane trade” is played out. (Phil Pearlman)
Stock returns around Labor Day. (CXO Advisory Group)
Strategy
What hedge funds have been up to lately. (Big Picture)
Jeffrey Gundlach likes cash. (Bloomberg)
Six rules for investing in a down market. (Monevator)
Why value investing is hard. (Kiplinger’s)
Diversification works. (Falkenblog)
What is the “rebalancing frown“? (Vanguard)
Companies
Is two Apple’s ($AAPL) better than one? (SAI)
A review of the Steve Jobs compensation story. (footnoted)
Is Amazon ($AMZN) set to shake up tablet computer pricing? (TechInsidr)
Groupon talks up the stock, without talking up the stock. (Deal Journal)
Warren Buffett
Just because Warren Buffett is investing in Bank of America doesn’t mean you should. (Deal Journal, UpsideTrader, Reuters, Marketwatch)
Why Warren Buffett is unlikely to up his stake in BYD. (Jeff Matthews)
Finance
Goodbye HOLDRs, hello ETFs. (WSJ)]
ETFs are all about speculation these days. (CBS Moneywatch)
Activist hedge funds seem to get companies to change. (All About Alpha)
Global
More on what it take to get Eurobonds to work. (FT Alphaville)
Canadian regulators halt trading in Sino-Forest shares. (Marketwatch)
Not all Chinese banks are created equal. (beyondbrics)
Economy
2Q GDP revised down to 1.0%. (Calculated Risk, Free exchange, Crossing Wall Street, Modeled Behavior)
Bernanke Jackson Hole speech reactions. (Calculated Risk, Pragmatic Capitalism, Freakonomics, Mark Thoma, Real Time Economics, Modeled Behavior)
The ECRI WLI continues to signal weakness ahead. (MarketBeat)
Keep an eye on market-based inflation forecasts. (Capital Spectator)
Rail traffic shows sluggish growth. (Pragmatic Capitalism)
Let’s distinguish between the short-term and long-term problems the US economy has. (Big Picture)
Making distinctions between two very different kinds of innovation. (Free exchange)
Earlier on Abnormal Returns
Buy vs. build: the ETF index decision. (Abnormal Returns)
What you missed you in our Friday morning linkfest. (Abnormal Returns)
Mixed media
You are not that unique. Online financial planning is growing up. (Businessweek)
“Decision fatigue” is a real thing. (Farnam Street)
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