David Merkel at the Aleph Blog on the challenges of defining ‘liquidity’ and where we stand today.

James Altucher at TheStreet.com with “seven reasons to be bullish now.”

Felix Salmon at Market Movers wonders if Harry Kat hasn’t “changed his tune” on hedge fund replication.

Greg Newton at NakedShorts notes a eerie parallel between some troubled hedge funds.

Daniel Gross at Newsweek.com has identified a worthy target for Blackstone Group (BX).

Goldman Sachs (GS) prepares for a surge in demand for mezzanine financing. (via Deal Journal)

Calculated Risk with a definition of a “pier loan.”

KKR’s “sharp elbows” are riling Wall Street investment banks. (via DealBook)

Accrued Interest highlights what a drop in demand portends for the MBS market.

“The virtuous cycle is alive and well in the lower hemisphere.” (via Capital Spectator)

Emerging market debt spreads have been relatively immune from knock-on effects. (via FT Alphaville)

Jason Zweig at CNNMoney.com thinks an emerging markets investment currently may be “..the right thing for the wrong reason.”

CXO Advisory Group on research into stock market anomalies in….Australia.

The Canadian dollar rapidly approaches parity. (via globeinvestor.com)

Financial page highlights a piece of research on the benefits of emerging market equities as an asset class.

Have changes in the foreign exchange markets eliminated the profitability of technical trading? (via SSRN.com)

VIX and More takes a look at what the ISEE put-call ratio is telling us about the market.

Bespoke Investment Group with more on earnings guidance and the jump in high yield credit spreads.

“…don’t just think of your trading as a business; think of it as a start-up venture.” (via TraderFeed)

Brett Arends at TheStreet.com reminds us that all target-date mutual funds are not created equal.

Random Roger on choosing between an ETF and ETN-type structure.

Roger Ehrenberg at Information Arbitrage on Microsoft’s continuing “identify crisis.”

Free exchange with more on the foundations of the ‘endowment effect.’

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