Quote of the day
Roger Nusbaum, “Any stock can go to zero…If you can accept that anything can fail then the issue of position sizing becomes critical.” (Random Roger)
Chart of the day
Why don’t stocks care about what is happening with commodities? (Market Anthropology)
Natural gas
On the uneven dynamics in the natural gas market. (Sober Look)
The prospects for natural gas are overhyped. (Macro Rants)
Could the US run out of natural gas storage capacity? (FT Alphaville)
The Fed
Don’t get into a fight with an entity that can print money. (Price Action Lab)
Don’t fight the Fed, ignore it. (Vanguard Blog)
Trading
Hey traders, check out the “leave the office” strategy. (Stock Sage)
What it means to put on your “market personality.” (StockCharts Blog)
Yet another reason, a “stock picking robot,” to avoid penny stocks. (Clusterstock)
Research
Why the ‘low volatility anomaly‘ still startles. (InvestmentNews)
On the downside of “performance derbies.” (research puzzle pix)
About that Twitter predicting the stock market paper… (Sell the News via TRB)
Apple
Apple ($AAPL) is dropping despite increases in earnings estimates. (Bespoke)
The case for selling puts on Apple. (VIX and More)
Companies
Lessons to take away from the long-term success of Fastenal ($FAST). (HBR)
The runaway freight train that is Chipotle Mexican Grill ($CMG). (Market Montage)
Nokia ($NOK) as example of just how fast a company can lose “brand value.” (Asymco)
Top ten growing (and dying) US industries. (Big Picture)
Finance
For the luck few a new Renaissance fund. (Bloomberg)
Ah the irony, TBTF banks are bigger than ever before. (BusinessWeek)
Corporate bond issuance surges, despite lower dealer inventories. (Dealbook)
Why are bank valuations seemingly so low? Because no one can figure out how much they really make. (MarketBeat, WSJ)
Global
Peak Oil and its impact on the world economy. (Economist, FT Alphaville)
Foreign car makers keep building new plants in China. How much is too much? (beyondbrics)
How much is a good central banker worth? (The Atlantic)
Economy
Why you shouldn’t put too much stock in the LEI. (Sober Look, Capital Spectator)
The ECRI WLI finally drops. (MarketBeat)
How gasoline seasonality affect economic growth. (Bonddad Blog)
Earlier on Abnormal Returns
The top 10 investment bloggers to follow on Twitter. (WealthLift)
What you missed in our Friday morning linkfest. (Abnormal Returns)
Mixed media
The stuff they never discuss on Wall Street per Backstage Wall Street. (Huffington Post)
Crowdfunding and the difference between giving and investing. (Chuck Jaffe)
Abnormal Returns is a founding member of the StockTwits Blog Network.
