Schwab YieldPlus, once the company’s most popular bond fund, had pitched itself as a safe alternative to cash. But it stuffed mortgage-backed securities into its portfolio to pump up performance, and they have turned toxic.” (

The TAF has failed. (Alea, FT Alphaville also Calculated Risk)

Investment banks are using less Fed liquidity at the moment. (naked capitalism)

Private equity firms still have capital to put to work in deals for minority stakes in public companies. ( also Accrued Interest)

Wilbur Ross’ thoughts on thrifts and the current logjam of leveraged loans. (DealBook)

Do low risk, limited return hedge funds really exist? (Market Movers)

Smaller hedge funds continue to get gobbled up by their larger brethren. (Deal Journal)

Some hedge fund investors are pushing back against redemption halts. (

Are 130/30 funds too much of a good thing? (

“Sounds like hedge funds as an asset class offer scant protection in volatile times.” (FT Alphaville also Aleph Blog)

Transportation stocks are outperforming in spite of higher energy prices. (Trader’s Narrative)

Using implied volatility to infer the magnitude of an expected move in front of an earnings report. (Daily Options Report)

Using commitment of traders data to time the market. (CXO Advisory Group)

“When a trader emotionally accepts losing as part of the business, loss is not so threatening.” (TraderFeed)

Is there a way to build a better exchange for technology start-ups that avoids the challenges of the IPO and M&A markets? (Information Arbitrage)

Yahoo! (YHOO) now seems to have some options. (

Then again so does Microsoft (MSFT). (Tech Trader Daily)

However Google (GOOG) stands ready to make trouble for Microsoft. (Deal Journal)

How much does Apple (AAPL) make from providing Google Search in its browsers? (Daring Fireball,

In light of this earnings miss, should GE (GE) spin off NBC Universal and/or GE Infrastructure? (, 24/7WallSt.)

Quite a contrast between the path home prices have taken in Los Angeles and New York City. (Bespoke Investment Group)

Seeking Alpha is playing a dangerous game with its contributors. (Big Picture, Market Movers)

The Fed needs to slow the pace of rate cuts. (Economist’s View)

Liechtenstein’s status as a tax haven is under attack. (

A rave review for Nudge. (Freakonomics)

What happens to the concert tour industry when so-called ‘heritage acts‘ exit the stage? (

A study looks at the effect of antidepressant use (across time and national borders) in preventing suicide. (Odd Numbers)

Thanks for checking in with Abnormal Returns. Where we appreciate your comments and/or questions.

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.