“If we’ve learned anything during the last year it’s that risk doesn’t take care of itself.”  (behavior gap)

“This is a mistake many investors make – thinking that the news drives the stock market. The stock market anticipates the news.”  (Quick Takes Pro)

Treasury inflation-protected securities may rank as today’s most over-hyped investment product.”  (Kiplinger’s)

“Funds that hold commodities typically face stiff restrictions on the number of shares they can issue to meet investor demand, and U.S. Natural Gas (UNG) is running out fast.”  (WSJ)

Are we confusing ETFs with what are better described as “structured products“?  (IndexUniverse)

Stocks aren’t all that cheap at current levels.  (Clusterstock)

The Value Line model is recommending a lower equity allocation.  (Marketwatch)

Should mutual funds ever invest in illiquid securities?  (Morningstar)

Investor sentiment is “contagious across markets.”  (SSRN)

We’re all technicians now.”  (greenfaucet)

How institutional investors are adjusting their portfolio allocations in light of the economic crisis.  (FT Alphaville)

Reverse convertibles are back.  Buyer beware.  (WSJ)

In defense of naked shorting.  (Bronte Capital via Crossing Wall Street)

Re-examining ten rules for investing.  (Fundmastery Blog)

Hyperinflation does not imply 5% inflation.  (Free exchange also Bull Bear Trader, Research Reloaded)

No tree grows to the sky.”  […] Investment, Corporate, and Economic systems have limits in the intermediate-term.  Wise investors respect those limits, and look for growth in medium-sized and smaller institutions, not the growth heroes of the past, which are behemoths now.”  (Aleph Blog)

Losing money investing in shares is a perfectly fine state of affairs as long as you’re not alone. However, if you’re losing regularly when everyone else is gaining then you may need to take a long, hard look at what you’re doing and then go and do something different.”  (The Psy-Fi Blog)

The Feds have yet to get their hands around the too-big-to-fail problem.   (WSJ)

Is the fight for a new financial regulatory structure essentially over?  (Atlantic Business also Baseline Scenario)

The compensation system for a startup with few employees simply does not scale up in the same fashion to an institution the size of a Wall Street firm.”  (Atlantic Business)

“Given the fact that indicators of consumer and producer prices are near record lows and indicative of deflation over the last year, it is hard to imagine that most investors are worried about inflation down the road.”  (Bespoke)

“It seems abundantly obvious that high inflation is not a “solution” to the Treasury’s main problem, selling trillions of dollars in new debt, nor is it some sort of windfall for the Plutocracy.”  (Clusterstock)

The news on commercial real estate keeps getting worse.  (Zero Hedge, Clusterstock)

Secured lenders to General Motors will be just fine.  (Breakingviews)

It is still to early to say anything about a winter price spike in natural gas.  (Caveman Forecaster)

Where in the world is Paul Volcker?  (Dealscape, Big Picture)

Apparently Volcker was giving a commencement speech in which he said:  “In the broadest terms, I think we have to move, we are moving, for an emphasis on finance toward science, toward technology, toward engineering – real engineering not the financial engineering that has failed to live up to its promise.”  (Uncertain Principles via peHUB)

The dog that didn’t bark.  Why hasn’t crime increased during the economic downturn?  (The Reformed Broker)

Nassim Taleb is rich and famous, but is he right?  (The Big Money)

A list of books that profile hedge fund managers. (World Beta)

Jonathan Clements has a new book:  “The Little Book of Main Street Money: 21 Simple Truths That Help Real People Make Real Money.”  (NPR)

“I strongly suspect the Google book-scanning deal will probably help authors in ways they can’t currently imagine.”  (Jeff Matthews)

Football (soccer) is acting like the economic crisis never happened.  How can it fix itself?  (Bloomberg)

Abnormal Returns is a proud member of the StockTwits Network.

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.