Are the quants once again hurting during the January downdraft? (FT Alphaville)

More rogue trader links. (Alea, Market Movers)

“This is a perfect time to be buying municipal bonds.” (

Five things the ETF industry needs to do to “continue to thrive.” (

How is it that ETFs are more tax efficient? (

Investors will need to play defense, before they can go back on the offensive. (Howard Lindzon)

Everybody is piling on Eddie Lampert’s investment in Sears (SHLD). (NakedShorts)

Market and sentiment indicator updates. (TraderFeed, Trader’s Narrative)

If the Chicago Board of Trade and Chicago Mercantile Exchange can merge, why not the NYMEX as well? (DealBook, FT Alphaville)

“Our expectations from the Fed or a stimulus plan should be very modest, even if the boosts to aggregate demand are done perfectly.” (Marginal Revolution)

“(A)pt intervention and institutional structures are necessary for market economies to be successful.” (

Ten ways we get the odds wrong. (Psychology Today via mental floss)

Is blogging harder than writing a book? (Publishers Weekly via Daily Dish)

If the CD is dead, is the album next? (

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