Quote of the day

David Carr, “He [Carl Icahn] is akin to everyone’s crazy uncle whom no one should listen to, except everyone does, and he often turns out to be right.”  (NYTimes)

Chart of the day

SPXIA_1013

A look at the S&P 500 inflation adjusted.  (All Star Charts)

Markets

Is the market always right?  (Ivanhoff Capital)

How the S&P 500 looks on a valuation basis.  (Dr. Ed’s Blog)

Beware the relief rally.  (Humble Student)

Another company is trying to mine Twitter for trading signals.  (MoneyBeat)

TIPS

The perfect storm that has hit the TIPS market. (WSJ)

Why you should still have an allocation to TIPS.  (Rick Ferri)

Strategy

Why Warren Buffett is richer than George Soros.  (Hedge fund via TRB)

Why momentum and value are psychologically-based factors.  (Systematic Relative Strength)

Evidence that sector ETFs are changing how securities are priced these days.  (Univ. of Alabama via @quantivity)

Should you have more than one brokerage account?  (WSJ)

Companies

Starting and actually running a company requires different skills.  (A VC)

Wal-Mart ($WMT) is buying more USA-made goods.  (WSJ)

Apple ($AAPL) is constantly under seige and that is a good thing.  (Monday Note)

Is Twitter ($TWTR) the new Tesla ($TSLA)?  (Marketwatch)

Three reasons why the Twitter IPO will not be a replay of the Facebook ($FB) debacle.  (Fortune)

Finance

There is a new chat platform backed by the big banks taking on Bloomberg.  (NYTimes)

Warren Buffett has profited handsomely from his crisis-era lending.  (WSJ)

Rising loan volumes are being funded by a surge in individual investor interest.  (WSJ)

DE Shaw is closing to new investors.  (FT)

Commodity hedge funds are a dying breed.  (FT)

Economy

If the stock market tanks will Washington take note?  (The Reformed Broker)

Why hasn’t the decline in the budget deficit dented corporate profits?  (Pragmatic Capitalism)

Very little is known about how the Treasury actually pays its bills.  (FT Alphaville)

Oil shale is not an easy game.  (Econbrowser)

Lumber prices are headed higher again.  (Calculated Risk)

Earlier on Abnormal Returns

What you may have missed in our Sunday linkfest.  (Abnormal Returns)

Mixed media

Self-checkout at the grocery store sucks.  (WSJ)

People don’t want separate magazine apps.  (GigaOM)

The new Kindle Paperwhite is “the best e-reader ever.”  (CNNMoney)

Capital is flowing into wine-related startups.  (peHUB)

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.

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.