Tuesday links: a growing disconnect

Quote of the day

Gavyn Davies, “(L)iquidity trap conditions have left bonds looking extremely expensive relative to equities in the developed economies. Nominal equity returns may be held back by low inflation but in real terms they should outperform government bonds..”  (FT)

Chart of the day

HFFees 560x420 Tuesday links:  a growing disconnect

How the hedge fund industry kept 98% of profits as fees.  (In Pursuit of Value also Forbes)

Markets

Q4 earnings and revenue beat rates are no great shakes.  (Bespoke)

What happens when previously bearish analysts turn bullish on the economy?  (Marketblog)

The growing disconnect between bonds and stocks is puzzling.  (SurlyTrader)

Euro who?  The S&P 500 has disengaged from the value of the Euro.  (Crossing Wall Street)

The market is cheap, except for one fly in the ointment: high profit margins.  (Marketwatch)

What happens after the market goes through a series of gaps.  (Market Anthropology)

Strategy

If you don’t have a plan, ignore Apple’s earnings.  (Phil Pearlman)

The “triple F” system for identifying swing trades.  (bclund)

Sometimes even the big boys get things wrong.  (YCharts Blog)

High short interest as a signal to issue equity.  (SSRN)

Warranted multiples are a more robust valuation measure.  (Institutional Investor)

Portfolio management

Man cannot live on relative strength alone.  The value of adding low volatility to your portfolio.  (AllETF also Systematic Relative Strength)

Does it matter when or how often you rebalance your portfolio?  (CXO Advisory Group)

Why portfolio dynamics are difficult to understand.  (CSS Analytics)

Companies

The one thing that could make Facebook worth a lot more.  (SAI)

How to save Research in Motion ($RIMM).  (Marketwatch)

Apple ($AAPL) is the world’s largest purchaser of semiconductors.  (AppleInsider)

The retail landscape is changing faster than you think.  (Megan McArdle)

McDonald’s ($MCD) keeps rocking.  (Bloomberg)

Finance

First hedge funds, now private equity:  it’s better to run a fund than invest in it.  (FT also naked capitalism)

Credit Suisse is by far and away the most creative bank when it comes to banker compensation.  (Dealbreaker)

2011 was not a good year for pension fund returns.  (Pension Pulse)

If you can’t do the time…sentences for convicted insider traders are likely to get tougher.  (Dealbook)

Funds

The mutual fund industry is dying the death of “a thousand cuts.”  (Josh Brown)

2011 was a “whole lot of nothing” for managed futures funds.  (HedgeWorld)

Why are investors so willing to pay a premium for Pimco-managed closed end funds?  (Focus on Funds)

What makes FPA Crescent tick?  (Morningstar)

New ETFs are struggling.  (CNNMoney)

Global

Remember Portugal?  (MarketBeat, Sober Look)

Just in case you needed another reason not to invest in Chinese companies.  (Dealbook)

Economy

A look at December economic reports.  (Capital Spectator)

A big jump in trucking volume in December.  (Calculated Risk)

What is the Fed trying to accomplish with its new interest rate forecasts?  (FT Alphaville)

Two positive signs for the housing market.  (Sober Look)

Do we really want to make iPhones in America?  (Ultimi Barbarorum also The Atlantic)

Earlier on Abnormal Returns

Margin Call Tuesday links:  a growing disconnect writer/director J.C. Chandor earns an Oscar nomination for Best Original Screenplay.  (Speakeasy earlier Abnormal Returns)

What you missed in our Tuesday morning linkfest.   (Abnormal Returns)

Mixed media

How Twitter bots change “social connections.”  (Technology Review)

To get Inside Apple Tuesday links:  a growing disconnect read Adam Lashinsky’s new book.  (GigaOM)

Are premium batteries worth the extra cost?  (Wired)

Abnormal Returns is a founding member of the StockTwits Blog Network.

Abnormal Returns is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. If you click on my Amazon.com links and buy anything, even something other than the product advertised, I earn a small commission, yet you don't pay any extra. Thank you for your support.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus
  • Tadas ViskantaAbnormal Returns has over its seven-year life become a fixture in the financial blogosphere. Over thousands of posts we have striven to bring the best of the financial blogosphere to readers. In that time the idea of a “forecast-free investment blog” remains as useful as it did six years ago. More »

  • StockTwits Follow Abnormal Returns on StockTwits Follow Abnormal Returns on Twitter Follow StockTwits on Facebook Subscribe to Abnormal Returns RSS via Email Subscribe to Abnormal Returns RSS
  • Recent Posts

  • Archives

  • Join StockTwits
  • Get Updates!

    100% Privacy. We don't spam.