By far the worst start of the year for the stock market (and administration) since 1900.  (Bespoke, ibid)

The Dow is some 32% below its 200 day moving average.  Levels not seen since November.  (

It is now time to be greedy when others are fearful and irrationally non-exuberant.”  (

“At a time like this, taking a little bit of action can give you a lot of comfort — both as an immediate salve for your market wounds today and as a portfolio strengthener in the years to come.”   (

The market is implying negative sales growth for the S&P 500 over the next five years.  (Value Expectations)

Merger arb spreads are a mess.  (

Just because stocks look cheap does not mean they cannot fall further.  (FT Alphaville, Free exchange)

Don’t read too much into the VIX futures. (Daily Options Report)

How did GE (GE) get itself into this single-digit predicament?  (Clusterstock, Zero Hedge, Accrued Interest, Curious Capitalist)

Buy farmland, short infrastructure stocks.  (Clusterstock, ibid)

Stock market giving you trouble?  Don’t even think about trying to trade foreign exchange.  (The Big Money)

AQR Capital jumps into the mutual fund business.  (

The hedge fund bubble has popped.  What comes next?  (

Where does the stock market stand on an inflation-adjusted basis?  (Trader’s Narrative)

Jeremy Siegel’s attempt to create a better earnings figure for the S&P 500 doesn’t add up.  (Contrarian Edge)

You need more than 13F filings to properly replicate hedge fund performance.  (World Beta)

Has the stock market given the Obama administration a big thumbs down?  (Deal Journal)

No wonder so many people are against bank nationalization, The case of AIG shows that the Feds really don’t know what they are doing.  (Big Picture)

Public pension fund underfunding is the next shoe to drop.  (Baseline Scenario, Dealscape)

On the relationship between stock market crashes and the risk of depression.  (, Free exchange,

Why isn’t the rest of the world, except China, doing more to stimulate their economies?  (Curious Capitalist)

How job losses are spreading across the country.  (

Rising saving rates could offset any benefit from the stimulus plan.  (MSN Money)

Will macroeconomics emerge from this crisis with a better understanding of itself?  (Freakonomics)

Are we sticking our youngest generations with bills they can never pay off?  (FT Alphaville)

Bailout Nation coming to a bookstore near you courtesy of John Wiley & Sons.  (Big Picture)

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.