Hedge fund managers are trying to assuage investors with their dear investor letters.  (WSJ.com also The Big Money)

At least some one made money on the nearly 50% decline in GE (GE) shares this year.  (Deal Journal)

It is a tough environment to ask hedge fund investors for a long-term commitment.  (WSJ.com)

Taking a look at how some absolute return funds have performed this year.  (Random Roger)

“In difficult markets, there are always areas of relative opportunity.”  (TraderFeed)

Recent equity market volatility should not really be a surprise to any one.  (Market Movers)

Analysts are rubbish.  (FT Alphaville)

There is a difference between panic and capitulation.  (Marketwatch.com)

What happens after two big down months in a row?  (World Beta)

“Because whenever somebody tells you he has found a simple strategy for beating the market, what he’s really saying is that the market, apart from him, is populated by patsies.”  (CNNMoney.com)

You need to look behind ETFs with high yields.  (Morningstar.com)

Trading the VIX is not for the fainthearted.  (Daily Options Report)

The Canadian dollar tanks.  (globeinvestor.com)

Goldman Sachs (GS) is going to have to move forward with a more conservative business model.  (Bloomberg.com via DealBook)

Vulture investors are not yet buying discounted debt hand over fist.  (breakingviews/NYTimes.com)

What industry has done worse than the banks this year?  Ethanol pure-plays.  (Clusterstock)

It’s a good time to be in the options business.  (ChicagoTribune.com)

The fall of Lehman Brothers should have been avoided.  (Alea, Real Time Economics)

The IMF is back in business.  (FT Alphaville)

This is an equal-opportunity crisis: it’s hit rich countries and poor ones, importers and exporters, ultracapitalist risk-takers and boring state-owned savings institutions.”  (Market Movers)

Can the Fed pop presumed bubbles?  (Big Picture)

Why the Apple iPhone is a “smash hit.”  (GigaOm.com)

How much is Steve Jobs worth to Apple’s stock price?  (Silicon Alley Insider)

On Fridays investors are simply paying less attention to earnings announcements.  (Journal of Finance – .pdf)

Hey so-called Millenials, “Here’s the straight dope: you ain’t that great, and you sure as hell aren’t that unique. Get in line with the other millions in your age group and suck it up.”  (Epicurean Dealmaker)

Tell the economy how you feel about it…with a t-shirt.  (Uncrate)

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