Hedge funds now dominate the bank loan market. (NYTimes.com)

Is distressed investing already a ‘crowded trade’? (Zero Beta)

Are financial stocks in ’08 just like techs back in 2000? (MarketBeat)

Africa is new frontier for investing. (Infectious Greed)

How have ‘lazy portfolios‘ been doing of late? (Marketwatch.com)

Did short-sellers burst the housing bubble? (Market Movers)

What moves in the yield curve implies for Fed policy. (Aleph Blog)

What was Lehman Bros. (LEH) doing with its capital? (MarketBeat)

Can Anheuser Busch (BUD) hold off InBev with a Modelo deal? (Market Movers, DealBook)

Who played their hand best: Microsoft (MSFT) or Yahoo! (YHOO)? (Deal Journal, Silicon Alley Insider

Then again, maybe both companies need a change in leadership. (Infectious Greed)

What to make of Yahoo!’s search deal with Google (GOOG). (GigaOM.com, DealBook, Silicon Alley Insider)

Rethinking the notion behind Apple’s move to take the iPhone ‘mass market.’ (Ultimi Barbarorum)

Money market mutual funds have been a hiding place of late for many investors. (Economist.com)

Warren Buffett has got himself a horse race. (All About Alpha)

The stock exchanges now want to get into the real-time stock quote biz. (FT Alphaville)

What do rising ten year Treasury yields imply for 30 year mortgage rates? (Calculated Risk also Bespoke Investment Group)

T. Boone Pickens thinks water is the new oil. (BusinessWeek.com)

Demand from refiners for light, sweet crude is driving a wedge in relative oil prices. (naked capitalism)

What is the best measure of unemployment? (Dash of Insight)

Are we in a recession, or not? (Big Picture)

Goldilocks has left the building. (Economist.com)

The boom in online-auction growth is over. (Free exchange)

Rob Arnott makes the case for fundamental indices in a new book. (BusinessWeek.com)

News you can use. How to block cell phone spam. (David Pogue)

Is a whiff of coffee, just as good as taking a sip? (NewScientist.com)

Have we missed an interesting post in the investment blogosphere? If so, feel free to drop Abnormal Returns a line.