Ten years? Ten years?!? Eddy Elfenbein at Crossing Wall Street on the ten-year anniversary of the “irrational exuberance” speech.

Ticker Sense highlights a potential divergence for the stock market.

John Hussman at Hussman Funds on the rising risk of a U.S. recession.

David Gaffen at MarketBeat with another assessment on the risk of recession.

Matthew Goldstein at TheStreet.com on the rapid rise in stock buybacks.

Mebane Faber at World Beta on a one-month cross-asset momentum strategy.

Chet Currier at Bloomberg.com highlights some comments by John Bogle on investors’ penchant to invest in “complexity.”

CXO Advisory Group notes a study that emphasizes the “double-whammy” from high mutual fund fees.

Controlled Greed points out a positive review of a “little” value investing book.

Going Private on “having it both ways” with dual-class share structures.

John Carney at DealBreaker.com points to a private equity primer.

FT Alphaville on a lawsuit challenging the supply of “hard to borrow” securities.

Greg Newton at NakedShorts on the “real-time” challenges awaiting hedge fund cloners.

DealBook on the reasons behind the big asset-servicing merger.

Patrick Barta and Jane Spencer in the Wall Street Journal on the many “unintended consequences” of the embrace of renewable energy sources.

Brad DeLong at Project Syndicate on how Milton Friedman “completed” Keyne’s work.

Speaking of anniversaries, Dec. 5th is also Repeal Day.

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