The markets may be in turmoil of late, but a visit to this post by Adam Warner at the Daily Options Report will help put things into some perspective.

Market turmoil is putting any number of announced M&A transactions in doubt and arbitrage spreads explode upwards. (via, MarketBeat & Deal Journal)

What do the central banks know, and when did they know it? (via FT Alphaville)

Money markets are feeling the strain and the Fed feels compelled to add liquidity to the system.

Accrued Interest on just what events Ben Bernanke will not allow to happen.

Is this a liquidity crisis or an insolvency crisis? Felix Salmon at Market Movers responds.

All About Alpha writes “So it’s not illiquidity per se that causes financial distress, its a liquidity mis-match between two parties in the financial chain that can cause market dislocations.”

The Epicurean Dealmaker on “phase transitions” and the “deflation of hubris.”

Barry Ritholtz at the Big Picture writes “Advice for Investors: Never buy anything you do not understand. This is a very simple rule, regularly ignored by all too many people.”

David Merkel at the Aleph Blog writes “In a situation like this, simplicity is rewarded. Complexity is always punished in a liquidity crisis.”

Jeremy Siegel says “put some cash to work.” (via

De-leveraging and quant model ‘misbheavior.’ (via

More color on the distress felt at Goldman Sachs‘ flagship hedge fund. (via DealBook)

Speaking of distress, Carl Icahn is bringing his money management business public by consolidating with his already-public investment vehicle. (via & DealBook)

MarketBeat and World Beta on how some alternative fund types have done in the downturn.

CXO Advisory Group on research into the characteristics of succesful individual investors.

Jeff Miller at A Dash of Insight wonders “how investors using home-grown systems, as pushed by television advertising, have been doing during this turmoil….”

Who knew? Warren Buffett and A-Rod are buddies. (via

Has Abnormal Returns missed a noteworthy post in the investment blogosphere?  Then feel free to drop us a line.

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.