“Bonds not only have outperformed stocks by a large margin over the past year because of the financial crisis, but also roughly matched stocks over the past 40 years. This begs the question, will bonds continue to outperform?”  (Morningstar)

Taking a closer look at the relationship between risk taking in the bond market and stock returns.  (Condor Options)

The market has risen on the back of better than expected earnings releases.  (Bespoke)

However, companies continue to miss on the revenue line.  (The Pragmatic Capitalist)

How is the Endowment Model doing through the first half of 2009?  (World Beta)

Is the timing right for a stock replacement strategy?  (Bull Bear Trader, WSJ)

Volatility is as low as it has been since September.  How to play it.  (Daily Options Report)

One brokerage firm, Edward Jones & Co., is going to stop trading leveraged ETFs. (WSJ)

Ban levered ETFs, because “..people will NEVER fully understand how these products work…”  (iBankCoin)

“..when we’re using the relative performance of two assets to come to a conclusion about just one of those assets, we have to make sure that we’re not confused by the inherent nature of traded asset itself.”  (MarketSci Blog)

The curious case of hedge funds (and Harvard) during the economic crisis.  (Abnormal Returns, ibid)

Hedge fund fees are coming under pressure.  (All About Alpha)

What role do unrealized capital gains have on the returns to a momentum strategy?  (SSRN)

Some less than positive news for crude oil.  (FT Alphaville)

Apple (AAPL) and Google (GOOG) are now neck-and-neck in terms of market cap.  (Newsweek)

Big investors cry foul because high frequency trading is costing investors millions.  (FT, Clusterstock, Zero Hedge)

Goldman Sachs (GS) is free of the clutches of the Treasury Department.  (24/7 Wall St.)

“But Morgan Stanley (MS) still doesn’t know what it wants to be. And an unclear mission is not good for any business — especially one stuffed with big egos and big paychecks.”  (Mean Street)

“Is there anything to salvage in the last 60 years of financial innovation post-crisis?”  (Rortybomb)

Martin Feldstein on the risks of a double dip recession.  (Big Picture, Fund My Mutual Fund)

“I fear that the United States government is mistakenly assuming that it can borrow essentially unlimited sums without undermining confidence in the dollar itself.”  (Econbrowser)

Maybe everyone just expects too much from economics. It’s not rocket science. It’s more a question of what defines sensible and decent behavior, and then devising incentives to get people to behave accordingly.”  (Emanuel Derman)

Private equity has become the land of second chances for former corporate titans.  (peHUB, Dealbreaker)

An interview with the acerbic “The Fly.”  (My $10,000 Dollars)

A guide to keeping track of the econoblogosphere on Twitter.  (Real Time Economics)

A new book chronicles the dissent inside Lehman Bros. prior to its demise.  (Deal Journal, Dealscape)

The investment “junk mail indicator” is heating up.  (Kirk Report also Clusterstock)

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