Know what you own, redux. Carolyn Cui and Tom Lauricella at WSJ.com on the disparate performance of the Chinese stock market and Chinese-focused mutual funds.

Aren’t seven standard deviation days supposed to be rare events? (via NakedShorts)

Europe leads the world in IPOs. Regulatory arbitrage found. (via WSJ.com)

Another big hedge fund manager, Och-Ziff Capital Management Group LLC, plans to come public. (via Bloomberg.com, Infectious Greed & FT Alphaville)

Insider trading via the options market can be hazardous to options market makers. (via DealBook & DealBreaker.com)

Jeff Miller at A Dash of Insight on how to interpret after hours futures trades and their affect on the next morning’s open.

A Dash of Insight, Market Movers and Finance Trends Matter with updates on the CDO crisis to-date.

Bespoke Investment Group with a nifty breakdown of sector performance year-to-date.

The Ticker Sense Blogger Sentiment Poll (July 2, 2007) remains stuck in neutral.

Harry M. Kat at All About Alpha on the price paid to access hedge fund “skill.”

Adam Warner at the Daily Options Report on the characteristics of a put-writing index, and inevitable ETF.

Sonya Morris at Morningstar.com on how they go about evaluating new ETFs.

CXO Advisory Group with another example of so-called “gurus” failing to outperform the stock market.

Jeff Matthews notes, “…the members of the Fed are literally tinkering with adjectives.”

Brett Steenbarger at TraderFeed on what steps you need to take to join a proprietary trading firm.

Why we learn from our mistakes. (via Science Blog)

Ben Steverman at BusinessWeek.com on how Warren Buffett learns from his own mistakes.

There is room to raise gasoline taxes in the U.S. (via Real Time Economics)

Roger Ehrenberg at Information Arbitrage on the challenges of staying up-to-date in an increasingly complex and fast-paced world.

Will Wilkinson at American.com on the importance ‘financial security’ plays in the reported well being of older Americans.

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