Barry Ritholtz at the Big Picture on the “great credit contraction of 2007.”

Bill Gross thinks that “The easy credit that helped drive the buyout spree of the past two years is quickly evaporating…” (via DealBook)

Are credit market woes putting the “LBO put” at risk? This could eliminate what we called ‘megacap catalysts‘ that has served as a market support. (via FT Alphaville)

A Fed official sees “no sign yet” that subprime woes will affect the larger economy. (via Real Time Economics)

Alea on the fact that “Credit risk is hard to estimate.”

Just ask those who are trying to price CDOs. (via NakedShorts)

Accrued Interest on liquidity in the corporate bond market.

Hedge funds had a good first half. (via DealBook)

SAC Capital(?!?) and Apollo Management are planning to sell stakes to outsider investors.

Are firms awash in cash all chasing the same deals and becoming more alike? (via Deal Journal)

David Merkel at the Aleph Blog on the differences between the bond and the credit default swap markets.

Existing private equity deals are coming under more credit rating scrutiny. (via Deal Journal)

The U.S. dollar looks weak against currencies named for birds. (via FT Alphaville)

Bespoke Investment Group and Mark Hulbert on the currently (muted) sentiment situation.

Demand for short exposure is increasing. (via All About Alpha)

Mebane Faber at World Beta on hedge fund replication including CTAs.

You cannot progress as an investor if you cannot calculate your past portfolio performance. (via CXO Advisory Group)

Do people in finance really love what they are doing? (via

Altruism could lead to a “healthier, happier life.” (via

Abnormal Returns is e-mail powered! You can receive all of our posts via e-mail through Feedburner. Check it out.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.