Apparently there was some place to hide.  Trend following managed futures funds performed well in 2008.  (WSJ.com)

Do Treasury yields need to rise?  (market folly)

Munis still look attractive.  (WSJ.com)

A comprehensive look at the damage done to bond market sectors this year.  (Morningstar.com)

Is Goldman Sachs (GS) no longer the leader of Wall Street?  (Deal Journal)

Has the market become too complacent, too fast?  (Daily Options Report also Big Picture, Bespoke)

Is 2&20 dead?  (FT.com)

An exploration of stock valuation and the potential opportunity in Japanese stocks.  (Market Movers also Crossing Wall Street)

Is commercial real estate next up on the list of crisis victims?  (Deal Journal)

Ethanol producers learn, the hard way, that you can’t just hedge input prices.  (NYTimes.com)

Should the Fed be “Volckerized?”  (DealBook)

“Extrapolating much of anything useful from presidential data is entertaining, but a waste of time for everyone but the pundits who get to fill some air time with pseudo-scientific yapping.”  (Infectious Greed)

America needs to deleverage its balance sheet.  (Aleph Blog)

Six things right with the U.S. economy.  (The Big Money)

The mystery of President Obama’s first 100 days.  (Capital)

Infrastructure spending could play a big role.  (Big Picture)

Pres. Obama needs to reset expectations about the challenges facing the nation’s economy.  (Clusterstock also Real Time Economics)

Want to make sure you don’t miss any Abnormal Returns posts?  Feel free to add our fan-friendly feed to your favorite feed reader.