If it is Monday that means a new Carnival of Investing is up and ready. This week Carnival of Investing #29 is hosted by MightyBargainHunter.com.

Michael Kahn at Marketwatch.com thinks big (ugly) American stocks look like the place to be after a period of overseas outperformance.

Justin Lahart in the Wall Street Journal is wary of the source of capital flowing into the American capital markets.

The wave of shareholder activism is flowing overseas according to Laura Santini in the Wall Street Journal.

Mark Hulbert at Marketwatch.com notes that the spike in volatility we saw in June is often indicative of higher future stock prices.

Barry Ritholtz highlights the difference between “not expensive” and “cheap.”

We are skeptical, but John Spence in the Wall Street Journal writes that mutual fund investors (and fund boards) may have finally learned the lesson on the importance of fund expenses.

Brett Steenbarger at TraderFeed looks at what the cumulative TICK indicator is telling at the moment.

Roger Nusbaum at TheStreet.com wonders whether anyone really needs an Internet focused ETF.

Leave it to Jeff Matthews to make perfect sense of the news (and rumors) surrounding a potential alliance for General Motors (GM).

Chad Brand at the Peridot Capitalist is worried about individual investors jumping into the hot IPO market.

You can now add John F. Wasik at Bloomberg.com to the growing list of commentators and analysts calling for a gasoline tax. You can find our initial take on the topic here.

Matthew Lynn at Bloomberg.com looks at the reasons behind the “new wave of philanthropy.”

The Freakonomics guys think backgammon may be the “next big thing” after online poker.

We wish we had read this article by David Carr in the New York Times before going to the trouble of writing up this post!

Paul Boutin at Slate.com is not really looking forward to the “Google PC.”

Bill Carter at the New York Times highlights a dead sitcom pilot that has seen a new life on YouTube.com. Sounds like a good way to spend twenty minutes over the holiday.

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