The Yale endowment did not escape the global bear market.  (, Clusterstock)

Is business as usual at Goldman Sachs (GS) the right way to go?  (Deal Journal)

Investors in leveraged ETFs need to be aware of the tax consequences.  ( also

What do fund of funds do to earn their fees?  (Clusterstock)

Despite a drop in spot VIX, futures point to continued long term volatility.  (MarketBeat)

Arbitrage is not working its magic for bond ETFs.  (

“Many investment managers seem to not think globally about their businesses.”  (Aleph Blog)

Should you follow a 13F strategy or simply invest in a hedge fund?  (World Beta)

Another example that good companies are not always good investments.  (Value Expectations)

Stocktwits goes big time with Series A funding.  (Information Arbitrage also VentureBeat, Silicon Alley Insider)

On oil, “Western salvation is Mideast disaster.”  (Dealbreaker)

How low can mortgage rates go?  (Accrued Interest)

Why is the Fed pursuing a ‘ZIRPish’ approach now?  (Market Movers)

ZIRP=trouble for the repo market.  (naked capitalism)

ZIRP=trouble for money market funds.  (Calculated Risk)

The Fed wants to start pushing on long term lending rates.  (Real Time Economics)

What is the Feds’ end game here?  (Curious Capitalist)

“Even if the Fed cannot reduce nominal interest rates, it can reduce real interest rates by committing to a modest amount of inflation.”  (Mankiw Blog also Econbrowser)

Research shows that macroeconomic and stock market volatility are correlated.  (Capital Spectator)

Some junior Senator was named Time’s 2008 Person of the Year.  (

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.

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.