Your fund should lend out your securities, but the proceeds should go to you…The current system, where they keep half the gains and stick you with all the risks, has got to go.”  (WSJ also Felix Salmon)

The BRIC markets have bounced back nicely in 2009.  (Bespoke)

Stock picking is dead…until the government gets out of the way.  (Clusterstock)

Hedge funds, decried by many as quick traders, have played catch-up during the market rally since March.”  (WSJ)

Taleb-associated hedge fund opens up a new ‘inflation fund.’  (WSJ)

What happened in the last hour of trading on Friday?  (VIX and More)

Pimco is jumping into the bond ETF business and competing on price.  (WSJ)

Continued interest in the iShares business, now from Vanguard.  (Telegraph)

What was Bill Ackman doing with Target (TGT)?  (NYTimes)

A deal with bondholders paves the way for a General Motors (GM) bankruptcy.  (NYTimes)

“The Fed is not really sure what is driving the sharp rise in long-dated bond yields, and especially a widening gap between short and long term yields.”  (Reuters)

“There are plenty of things to worry about at the moment, but inflation and interest rates probably shouldn’t be high on that list.”  (The Balance Sheet)

“Do recently rising oil prices signal a resurgence of economic growth?”  (Econbrowser)

We need to get back to testing models rather than revering them,” he [Wilmott] says. “That’s hard work, but this idea that there are these great principles governing finance and that correlations can just be plucked out of the air is totally false.”  (Newsweek)

Quants move from Wall Street to Madison Avenue.  (The Reformed Broker)

The Myth of the Rational Market by Justin Fox reviewed.  (Barrons)

If the message is important, it will find me.”  (A VC)

Curious what other bloggers are saying about Abnormal Returns? So are we. Feel free to check out a compilation of reviews.

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.