Everyone thinks Fannie and Freddie need to be restructured so they no longer dominate the mortgage market.  (Accrued Interest, NYTimes.com)

Beware commentators with “too much conviction.”  (Big Picture)

What investment bloggers bring to the table.  (Aleph Blog also Big Picture)

“(D)o not expect to see a sustained rally in the S&P 500 until financials are able to outperform energy on a relative basis.”  (VIX and More)

Has the short U.S. dollar trade gotten too crowded?  (FT Alphaville)

Perusing hedge funds’ best (long) ideas.  (World Beta)

Just because two “water ETFs” have similar names does not mean the returns will be similar.  (ETF Expert)

A tanker/shipping ETF is in the works.  (ETF Trends)

“When the SOXX [semiconductor index] outperformed the broader market, the stock market performed considerably better the next day.”  (MarketSci Blog)

Apparently location does matter for hedge fund performance.  (All About Alpha)

Do hedge funds with distinctive strategies outperform?  (CXO Advisory Group)

Reading some “Dear Investor” letters.  (NakedShorts)

Once again people, covered calls and being short a put has the same “risk/reward profile.”  (Daily Options Report)

U.S. growth is anemic, just not as anemic as the rest of the G7.  (Real Time Economics)

What’s he going to tell them for $10 million?  How not to manage a beer company?  (ClusterStock.com)

Oil prices are down, but don’t get too complacent.  (naked capitalism)

Barack Obama’s (sometimes) conflicting views on the economy.  (NYTimes.com also Economist’s View)

Microsoft (MSFT) hires Jerry Seinfeld, the man who did nine seasons of a show “about nothing.”  (Real Dan, Silicon Alley Insider, Gawker.com, Digital Daily, SeinfeldScripts.com)

Thanks for checking in with Abnormal Returns. Feel free to contact us with any questions and/or comments.