A newly revised $10 deal for Bear Stearns (BSC). (NYTimes.com, WSJ.com, naked capitalism, Silicon Alley Insider)

What hath problems in the commercial paper market wrought? (FinancialWeek)

“(T)here is such a surplus of bearishness right now that one path of minimal resistance could be a moon-shot.” (Infectious Greed)

The market “bottom callers” are out in full force. (Big Picture)

Markets require trust to work well, but when trust is blind they are almost guaranteed to go haywire.” (NewYorker.com)

“(N)early every member of the FOMC has extensive experience in policy formation and implementation, far from the theoretical world of the ivory tower.” (Dash of Insight)

Not-so-good news from the tax withholding front. (Big Picture)

A new inflation-protected bond ETF, this time with a global flavor. (ETF Trends)

Equity markets have de-coupled to the benefit of the U.S. (Bespoke Investment Group)

There is no reason to pay active management fees for index-like performance. (All About Alpha)

In investing, the outcome is often less important than the process itself. (Daily Options Report)

A look a the history of external defaults. (Capital Spectator)

Existing home sales data…still bad. (Calculated Risk)

Another story about another ad network. (Silicon Alley Insider)

Thanks again to everyone who has donated to Abnormal Returns. For the rest of you the tip jar remains open.

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.