“Remember that a shot is just a shot, and a stock is just a stock. Where you bought it doesn’t matter to where it’s going.”  (Crossing Wall Street)

The CFTC flexes its muscles in the energy markets.  (WashingtonPost also Clusterstock, Atlantic Business)

What are we to make of record oil market volatility?  (Fund My Mutual Fund)

Can’t we get past our Bill Miller obsession?  (Clusterstock, MarketBeat)

Short-sellers will likely become scape-goats if stocks fall again.  (Slope of Hope)

Despite a drop in the VIX, option traders are still betting on a market fall.  (Sentiment’s Edge also Daily Options Report)

“Beating GMI over the long haul isn’t easy, at least on a risk-adjusted basis, but it can be done.”  (Capital Spectator)

Are investors more worried about relative risk than absolute risk?  (All About Alpha)

An equal-weighted (by sector) ETF launches.  (IndexUniverse)

Novice forex traders beware the “Forex Industrial Complex.”  (Wall St. Cheat Sheet)

Questions to ask before developing your own trading system.  (Tickerville)

“You can’t create a mathematical model of human psychology that has any real predictive power.  This is why risk management is so important.”  (The Pragmatic Capitalist)

“In my experience, those who use a lot of correlated factors are overfitters, and this makes their back tests look great, their out-of-sample tests horrible.”  (Falkenblog)

Does Goldman Sachs (GS) feel put upon?  (Market Talk)

An interview with Matt Taibbi, the scourge of Goldman Sachs.  (Wall St. Cheat Sheet)

How Citigroup (C) blew itself up by avoiding AIG Financial Products.  (Clusterstock also naked capitalism, FT Alphaville)

Everybody loves this graphic on economic cycles.  (NYTimes also Econbrowser)

“America does seem to have lost some of its labour market springiness.”  (Free exchange also Atlantic Business)

“Darn nice economic eye candy.”  (VIX and More)

A profile of Robert Shiller.  (Fortune)

Wall Street comes to the White House.  (Big Picture)

Everything you know about the rise of Asia is wrong.  (Foreign Policy via Arts & Letters Daily)

“The United States, just like California, now sits astride massive, gargantuan post-war infrastructure that was built with cheap energy and leveraged with cheap energy, for over 50 years.”  (Gregor Macdonald)

A point estimate without some measure of its variability is useless.  (Alea Blog)

Web start-ups just don’t need as much capital as they once did.  (NYTimes)

Private equity fees are coming under pressure by stressed limited partners.  (Dealscape)

How to get your start as a hedge fund analyst.  (How to Get a Hedge Fund Job)

A good reason to not accept advertising on your blog.  (Felix Salmon)

Vanity Fair has become the new go-to home for long-form financial journalism.  (Mediaite)

Why trust gets erased in these tough economic times.  (The Frontal Cortex)

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