The long awaited conservatorship/takeover of Fannie and Freddie is here.  (WSJ.com, NYTimes.com)

The blogosphere weighs in, especially on the issue of bank’s extensive holdings of Fannie and Freddie preferred stock.  (FT Alphaville, Big Picture, Curious Capitalist, naked capitalism, Marginal Revolution, Floyd Norris, Money & Co., Alea, DealBreaker.com)

“Once you account for the market impact of the Fed’s actions, the apparent predictive power of the presidential cycle evaporates…”  (WSJ.com also Disciplined Approach)

Funds of hedge funds “are demanding their money back and may ramp up requests in the weeks ahead.”  (WSJ.com)

Why is KKR going public now, of all times?  (NYTimes.com)

Don’t confuse what they say on CNBC with true market volatilty.  (Daily Options Report)

Where global markets stand relative to their 52-week highs.  (Bespoke Investment Group)

“When the consumer discretionary sector has recently led the market (EMA of XLY/SPY greater than SMA), the S&P 500 has performed much better than when the sector lagged the market.”  (MarketSci Blog)

A new ETF to track Asian currencies.  (ETF Trend)

“(A)t least as far as the employment numbers are concerned, the U.S. is now definitely in a recession.”  (Econbrowser)

Research into the past, present and futuer of the equity risk premium.  (Brad DeLong, ibid)

What about the “passing premium puzzle” in the NFL.  (Frontal Cortex)

Are you curious what other bloggers are saying about Abnormal Returns? So are we. Feel free to check out our compendium of reviews.