Quote of the day
Cordell Eddings, “The biggest bond gains in almost a decade have pushed returns on Treasuries above stocks over the past 30 years, the first time that’s happened since before the Civil War.” (Bloomberg also Crossing Wall Street)
Chart of the day
How quickly they fall. MF Global ($MF) files for bankruptcy. (Bloomberg, Dealbook)
Video of the day
William Ackman: the psychology of investing. (BigThink)
Market
What happens when stocks and bond yields are hitting 50 day highs. (Quantifiable Edges)
What high implied correlations mean for the stock market. (Minyanville)
The most cyclical sectors were big winners last week. (Dragonfly Capital)
The market is trying to consolidate its recent gains. (Big Picture)
A seasonality map for November. (MarketSci Blog)
Strategy
On the challenge of position sizing. (Peter L. Brandt)
On the parallels between investing and betting on the NFL. (The Interloper)
The parallels between 2011 and 1998. (Ivanhoff Capital)
What risk parity means? (Portfolio Probe)
Companies
Exhibit #735 on why Americans hate corporations: the $100 million severance package. (WSJ)
Boards of directors: what are they good for? (Frank Voisin)
Tough times for the tanker industry as some rates hover above zero. (FT)
Finance
Why we need a “dolphin safe” banking system. (I Heart Wall Street)
You can’t have banking without investment banking. (voxEU)
Location, location, location doesn’t seem to matter as much these days. (SSRN via @jasonzweigwsj)
A lot of investment performance in unrepeatable. (the research puzzle)
Funds
What is the profitability of a strategy of shorting pairs of leveraged ETFs? (Falkenblog)
On the challenges inherent in performance attribution. (Capital Spectator)
Pray you haven’t been in these mutual funds this year. (Morningstar)
Ten strange facts about the ETF industry. (ETFdb)
Global
Keep watching Euro bond yields. (The Source, ibid)
The Euro crisis is back on again after taking the weekend off. (Free exchange)
The Euro crisis is weighing on Euro corporations. (WSJ)
Another Russian company, potash miner UralKali, looks to list on the LSE. (FT Alphaville)
Economy
The Chicago PMI weakened in October. (Bloomberg)
It’s time for wage growth to start kicking in. (EconomPic Data)
How a new and improved HARP could help the economy. (Econbrowser)
The US has a startup problem. (Wonkblog, peHUB)
Earlier on Abnormal Returns
What you missed in our Monday morning linkfest. (Abnormal Returns)
Technology
Data is the new dotcom. (Information Arbitrage)
If you aren’t technical, get technical. (A VC)
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