The big multi-strategy hedge funds “can’t bet against the system like the old ones did; they are the system.”(Ultimi Barbarorum also Market Movers)

American Express (AXP) holders hope being a bank holding company does not imply a bank-like valuation.  (WSJ.com also Telegraph.co.uk)

The TARP is dead.  Long live the TERP.  (Infectious Greed, Clusterstock, FT Alphaville)

The Treasury has had few problems auctioning off record levels of debt.  (WSJ.com)

However growing debt issuance is part of the case for shorting Treasuries.  (market folly)

Recent daily equty volatility is at historic highs.  (Bespoke)

Is “buy and hold” dead?  (Crossing Wall Street)

Sector rotation rules as individual stock correlations have increased in this bear market.  (Time.com)

Testing the VIX spread and the stock market.  (MarketSci Blog)

“Either the economy is going to get much, much worse than anything we have lived through, or there are some bargains to be found in junk bonds and leveraged loans.”  (Floyd Norris)

“Forget trying to pick a bottom in this crisis.”  (FT Alphaville via green faucet)

“While the Dow is currently on pace for its worst decade since the 1930s, the amount of time it has been in bull mode is only slightly less than average.”  (Bespoke)

No one seriously believes a bailout will ultimately save General Motors (GM).  (Megan McArdle)

There is a good chance you misread Liar’s Poker.  (Portfolio.com)

An oil supply crunch is still in the cards according to the IEA.  (CNNMoney.com, 24/7 Wall St.)

On the future of ethanol and why it can’t displace imported oil.  (USNews.com, Slate.com)

When did the recession begin?  (Crossing Wall Street)

“Does economics qualify as a hard science, along the lines of physics, chemistry, or biology?”  (Odd Numbers)

“In short, private education in America spends money like a drunken sailor with Warren Buffett’s credit card.”  (Epicurean Dealmaker)

Google Flu Trends.  (Google.org also Tech Observer)

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.

More Posts This Week

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.