The Fidelity Magellan Fund (FMAGX) is re-opening after a decade. Should you invest? (,

Why isn’t the bond market indicating higher inflation, as measured by the spread between nominal Treasury notes and TIPS? (

Little surprise that retail sales came in weaker than expected. (Big Picture)

With few exceptions hedge fund managers should, “..let your performance do the talking.” (Going Private)

“What today’s clever investors have noticed is that the law requires them to disclose only when they control more than 5 percent of the vote, not 5 percent of the economics in a company.” (

How much might eventually be placed in 130/30 programs? (All About Alpha)

Is the ETF industry growing too fast for its own good? (, ibid)

“(T)he LBO loan market meltdown is more of a distraction than a threat for Wall Street.” ( via DealBook)

CCBs (capital-challenged banks) desperately seeking SWFs. (DealBook)

Oh the irony of hedge funds getting “activist” on a publicly traded hedge fund firm. (Deal Journal)

How a hedge fund made a small fortune betting against the housing bubble. (

The controversy over ‘dividend recaps‘ is bound to increase as the economy weakens. (Deal Journal)

Are currency funds the best way to obtain diversification away from the U.S. dollar? (

It’s easy to get angry at the markets. And the consequences of doing so can be just as painful.” (

Beware of complex trading strategies from “gurus” that require constant monitoring. (Daily Options Report)

The current state of bond market risk premiums. (Crossing Wall Street)

The TED spread is at it lowest level in four months. (Bespoke Investment Group)

Fed funds rate predictions. (Calculated Risk)

The “Greenspan-Krugman Consensus” is for a recession this year. (Mankiw Blog)

Five “sure bets” for the New Year. (

“Steve Jobs is one powerful dude.” (Silicon Alley Insider)

Excerpts from Tim Harford’s new book, “The Logic of Life.” (

Do you want to receive a daily dose of Abnormal Returns via e-mail? You are a simple sign-up away.

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.