A “full house” of indicators turns bullish.  (FT Alphaville)

Technicians note we are in the midst of a rally in a longer term downtrend.  (MarketBeat)

Unrelenting bullishness” continues to miss the shift away from risk.  (Mish)

Poor prior performance does little for the ‘Halloween indicator.’  (Marketwatch.com also Trader’s Narrative)

Valuation, it seems, matters. Not always, but enough of the time to make the subject a worthwhile area of study.”  (Capital Spectator)

Private equity is getting the cold shoulder from institutional investors.  (WSJ.com)

Halting redemptions is now no longer a big deal for hedge funds.  (All About Alpha also DealBook)

The turmoil at convertible arbitrage hedge funds is opening up opportunities.  (WSJ.com, ibid)

A Goldman Sachs (GS) hedge fund is down a quick $1 billion.  (Clusterstock)

Why?  3x leveraged ETFs are on the way.  (IndexUniverse.com)

“If you want to save money, save money. Don’t place too much trust in the market to make your money grow…”  (Market Movers)

A closer look at the emerging market bond ETFs.  (IndexUniverse.com)

Deafening silence.  The stock market did little yesterday.  (The Balance Sheet)

“I strongly believe that the investment consultant community has shortchanged its clients by focusing on the ‘style box.’”  (Aleph Blog)

“Becoming a good trader is not so different from becoming an expert surgeon or a chess grandmaster: it takes certain native talents, which are honed with intensive practice and review.”  (TraderFeed)

“(W)hy the financial masters of the universe tend not to write books.”  (NewYorker.com)

Corn-based ethanol is dead.  (FT Alphaville)

Incoming data are dismal, and will keep the Fed on the road to additional easing.”  (Economist’s View)

Is the TARP just another example of American short-termism?  (Information Arbitrage)

The Treasury committee that is picking winners and losers amongst banks.  (NYTimes.com)

Public pensions are out of whack.  (Deal Journal)

Municipalities ended up owning a bunch of junk.  (NakedShorts)

Weak auto sales are going to be a big drag on 4Q GDP.  (Econbrowser)

Are you a fan of Abnormal Returns? Check. Prefer to read our posts via e-mail? Check. A simple sign-up form to receive all of our posts in your inbox. Check.