“(A)lmost every (housing) market across the country is similarly impaired…” (NYTimes.com)

Some money market funds are on record has holding CDOs backed by subprime mortgage debt. (naked capitalism)

What does $100 a barrel oil mean for the U.S. economy? (WSJ.com)

“Signs of inflation are evident throughout the economy.” (Slate.com)

The economic indicator A/D line is pointing down. (Bespoke Investment Group)

How normal are market conditions? (Aleph Blog)

A presentation on the change in thinking about fat tails in the stock market. (Infectious Greed)

Joe Nocera on the difficulty in controlling emotions in investing and Jason Zweig’s new book “Your Money & Your Brain.” (NYTimes.com)

On the steps to “successful trend riding.” (Howard Lindzon)

“(T)he better traders are always adapting to market conditions.” (TraderFeed)

On the parallels between trading and gambling.  (Accrued Interest)

How much emerging market equity exposure do you already have in your portfolio? (WSJ.com)

“(F)or corporate buyers confidence is the lifeblood and driver of strategic M&A activity.” (Epicurean Dealmaker)

Expect continued M&A activity in the hedge fund industry. (CNNMoney.com)

Does the GM-UAW VEBA agreement validate the notion that the union already owns the auto maker? (Market Movers)

Results are beginning to trickle in for hedge funds’ push into movie finance. (NYTimes.com)

Can a dairy be big and organic? (SeattleTimes.com)

“The end of the ethanol boom is possibly in sight and may already be here…” (NYTimes.com)

Have we missed an interesting post in the investment blogosphere? Then drop Abnormal Returns a line.