People suck at investing.”  (World Beta)

To get through the trading day, learn how to breathe.  (Kirk Report)

“I would highly recommend day traders at least learn volatility principles, even if they never actually trade an option.”  (Daily Options Report)

We value self-confidence over accuracy when it comes to our experts.  (New Scientist, Sentiment’s Edge also CXO Advisory Group)

“This makes the current rally in oil nearly twice the average bull market gain in nearly half of the average duration.”  (Bespoke)

As the 10 day historical volatility in the SPX gets ahead of the VIX once again, it is reasonable to ask whether this pattern will continue and we will see another topping pattern in the next few days.”  (VIX and More)

The sharp rebound in world markets that started in mid-March has prompted many hedge fund managers to shift gears sharply, increasing risk to avoid being left behind by a market revival that took many by surprise. ”  (NYTimes)

Trading the public exchanges to play the growth in options trading.  (Minyanville)

(T)he misalignment of interests at Fortress has come into stark relief during the past few months as Fortress’s principals have been able to raise a new war chest while investors in the secondary offering took a bath.”  (Fortune)

CB Richard Ellis (CBG) gets a vote of confidence from Paulson & Co. (WSJ also Minyanville)

What (if anything) should we read into the launch of a new “junior miners” ETF?  (IndexUniverse)

How “hybrid portfolio theory” can help structure a portfolio?  (Venture Populist)

There is a wad of cash on the sidelines. When will it find its way back into the markets?  (Money & Co.)

Why the sell side usually tops the buy side.  (Felix Salmon)

On the importance of time frame when it comes to measuring “being right.”  (A Dash of Insight)

We have enough rules, what we don’t have is people playing by the rules.”  (Howard Lindzon)

Arrivederci Chrysler.  Buon giorno Chrysler-Fiat.  The Supremes stand aside and allow the sale of Chrysler assets to Fiat.  (WashingtonPost, NYTimes)

Can the Feds manage the car companies without micromanaging?  (The Hearing)

Why are Fed Funds futures implying a Fed rate hike later this year?  (Clusterstock, Free exchange, FT Alphaville)

TARP exits also come with some decisions to make about pricing bank warrants.  (Dealscape)

“..the federal government’s strategy to hold the banks’ hands and say everything will be all right seems to have stabilized Wall Street.”  (Atlantic Business)

Are we facing another “jobless” recovery?  (Calculated Risk)

You can always count on Jim Grant for a choice quote or two:  “There are no bad bonds, just bad prices. Treasuries at 2% were a toxic asset.”  (Zero Hedge)

Just what constitutes a “return to normalcy“?  (Zero Beta)

How we came to trillion dollar deficits.  (Big Picture)

California already has the worst bond rating of any state, and a default could make borrowing impossibly expensive, crimping future budgets even more.”  (Breakingviews)

Build America Bonds are becoming a bigger part of the muni bond market.  (WSJ)

Is the UK recession over?  (Guardian)

Will external demand shift from Treasury bonds to IMF bonds?  (Felix Salmon)

Using Google to predict unemployment rates. (The Stash)

The “college bubble” is bursting.  (Freakonomics also Clusterstock)

“You’re spending WAY too much time and energy focusing on the first step of whatever you are doing.”  (Andy Swan)

Is 30 Rock a rip-off of the beloved Muppet Show?  (Brian Lynch via kottke)

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