Despite an equity market rally, the bond market is still skeptical of sustained financial stability.  (WSJ.com)

Bond auction failures.  Time to worry?  (MarketBeat, Free exchange)

California sells some bonds, at a price.  (Dealbreaker)

Color short-sellers skeptical of the rally.  (FT.com, Zero Hedge)

Short-sellers saved us from a decade of weak banks.  (Andy Kessler also Clusterstock)

The market tends to fall much faster than it rises.  (MarketSci Blog)

Put sales can be “a lousy way to go bullish.”  (Daily Options Report)

The case for equities is a long term one with many caveats.   (Crossing Wall Street, ETF Trends,  Random Roger)

“Investing is simple, but not easy.”  (behavior gap)

Hitting the markets the IQ Hedge Multi-Strategy Tracker (QAI).  (ETF Trends, Morningstar.com)

Leveraged ETFs that track monthly returns coming soon.  (IndexUniverse.com)

ETF or ETN?  Commodities momentum investors now have a choice.  (Morningstar.com, IndexUniverse.com)

Stable value funds are not as stable as commonly thought.  (WSJ.com)

Will hedge fund investors step up and demand more accountability from hedge fund managers?  (DealBook)

Will the PPIP actually generate market prices for toxic assets?  (Market Movers)

The FDIC does one thing well.  The PPIP tries to make it do something altogether different.  (Interfluidity, Market Movers)

Tim Geithner to unveil the new regulatory regime for financial derivatives and systematically important institutions.  (NYTimes.com, WashingtonPost.com)

Maybe it is a good thing it is taking so long to fill sub-Cabinet positions at the Treasury Department.  (finem respice)

Signs of an economic bottom are increasing, but caution is warranted.  (Calculated Risk, Econbrowser also Marginal Revolution)

You thought housing was bad, welcome to the commercial property bust.  (WSJ.com)

The weak global economy is pushing some activity “into the shadows.”  (FT Alphaville)

As it has happened before, capitalism is in crisis.  In what direction will we take society?  (Prospect via various)

As long as large financial companies have power over their own regulatory affairs, restrictions currently contemplated will not prevent future crises.  (Baseline Scenario)

People in glass houses….the inevitable backlash against Jake DeSantis, of AIGFP resignation letter fame, emerges.  (MarketBeat, Clusterstock also The Stash)

“Indeed, there’s nothing wrong with using the markets as a test bed for physicists to probe the phenomenon of complex systems. But prediction? This is the great utopian dream of the technocrats: If we only had more data, we could model anything, predict everything.”  (Dealscape)

The value of the MBA is plunging, right alongside Wall Street.   (The Big Money)

StockTwits gets bloggy.  (StockTwits Blog)

Twitter goes pro.  (Silicon Alley Insider)

On the well-established relationship between caffeine and athletic performance.  (NYTimes.com)

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