Quote of the day
Cullen Roche, “The bottom line is: if you spend your time worrying about catching the next falling knife to save your portfolio then you’re probably doing something wrong to begin with.” (Pragmatic Capitalism)
Chart of the day
Stocks are cheap relative to high yield bonds. (BCA Research)
Markets
How inexpensive are options getting? (Condor Options also MarketBeat)
Many investors are out of touch with the goings on in the stock market. (InvestmentNews)
FedEx ($FDX) warns on the slowing global economy. (MarketBeat, FT)
Apple, and other S&P 500 stocks, are becoming less correlated. (Ticker Sense, Condor Options)
Bonds
Behind the surge in TIPS-derived inflation expectations. (FT Alphaville, Dr. Ed’s Blog)
Build America Bonds are at-risk from the fiscal cliff. (Reuters)
In defense of municipal bonds. (Learn Bonds)
Strategy
When it comes to low vol investing, simple is better. (Falkenblog)
More of Peter Lynch’s “golden rules for investing.” (market folly)
Managed futures investors need to be clear on what they want out of the strategy. (Attain Capital)
On the challenges of living with a lumpy income stream. (Bucks Blog)
Fundamental investing
Math isn’t an edge: tell me something I don’t know. (The Reformed Broker)
Why you should treat fundamental data with a “healthy sense of skepticism.” (The Zikomo Letter)
Dividend investing
How to measure financial strength. (Turnkey Analyst)
Ten high dividend yielders that the “ultimate stock pickers” like. (Morningstar)
Investors are focusing more on dividend growth than yield. (WSJ)
Apple
There is still one way Apple ($AAPL) has allowed developers some latitude with the iPhone. (Pando Daily)
Is the iPhone 5 good enough? (Asymco)
The new Apple iPod Touch is going to help kill point-and-shoot cameras. (GigaOM)
Finance
Just how big is the ‘Einhorn effect‘? (WSJ)
Kapitall wants to “marry video games and online brokerage.” Is that a good idea? (Deal Journal)
Fidelity
The many challenges facing Abigail Johnson as she takes control of fund giant Fidelity. (Reuters)
More on what Fidelity has planned for ETFs. (Focus on Funds)
ETFs
The STAR Global Buy-Write ETF ($VEGA) launches. (IndexUniverse)
Be wary when your fund becomes less active. (research puzzle pix)
Economy
Checking on the moderating economic trends index. (Capital Spectator also Bonddad Blog)
Why high uncertainty has been a big drag on the economy. (FRBSF)
Why the Fed can’t fix the stock market. (Aswath Damodaran)
Housing
New home builders grow increasingly optimistic. (Calculated Risk also Bespoke)
Housing affordability is still very high. (Carpe Diem)
When it comes to housing worry about the marginal buyer. (A Dash of Insight)
Earlier on Abnormal Returns
Two new Abnormal Returns posts including one at the new Amazon Money & Markets store. (Abnormal Returns)
A round-up of some recent looks at market valuation. (Abnormal Returns)
What you missed in our Tuesday morning linkfest. (Abnormal Returns)
Mixed media
Baxter, a programmable robot, may shake up how we think about robots. (Businessweek)
50 Best Websites for 2012. (Time)
Why your home wi-fi sucks. (WSJ)
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