Stocks driving the Nasdaq rally.  (Big Picture)

“Momentum is one of the great puzzles of finance.”  (Buttonwood)

“Many think that learning to trade the charts is the key to success. Nothing can be further from the truth. While TA can be very helpful, it is actually money management that is what separates the eventual winners from the losers.”  (beanieville)

Earnings aren’t everything.  Revenue continues to lag.  (Bespoke, Clusterstock)

Warren Buffett has changed his mind about his Moody’s (MCO) position.  (Jeff Matthews also 24/7 Wall St., WSJ, FT Alphaville)

“While cheap options volatility may not prove a good buy all that fast, it does provide an excellent way to hedge.”  (Daily Options Report also EconomPic Data)

Is the endowment investment model broken?  (World Beta)

A new emerging markets ETF joins the fray.  (IndexUniverse, greenfaucet also Random Roger)

A new absolute return mutual fund launches (with a 3 year track record) with a focus on fixed income markets.  (FinAlternatives)

TIPS serve as a good hedge to equity positions.  (SSRN)

Does a covered call strategy for commodities make sense?  (Minyanville)

“Black Swan investing is a sucker’s game, endemic in markets, a perennial loser, and highlights asset classes to avoid, not pursue.”  (Falkenblog)

Some wisdom from Seth Klarman. (Distressed Debt Investing)

The worm has turned.  Analysts want Morgan Stanley (MS) to take more risk.  (Clusterstock also WSJ)

Goldman Sachs (GS) treads carefully when buying back its TARP warrants.  (Breakingviews, Atlantic Business, The Stash)

GE (GE) is making the most of the government’s largesse.  (Clusterstock)

Is Wall Street risking the ire of Washington by boosting compensation so soon after the crisis?  (WashingtonPost)

The credit rating agencies get a slap on the wrist from the Treasury Dept.  (Atlantic Business)

A Consumer Finance Protection Agency could reassure “burned consumers.”  (Economix)

Home inventories continue to fall.  (Calculated Risk)

To what degree does a “power elite” influence American business (and society)?  (Economist’s View)

Some additional detail on how Harvard manages (or not) its interest rate exposure.  (Greg Mankiw)

An interview with Trader Mark of Fund My Mutual Fund.  (Wall St. Cheat Sheet)

Will Covestor Investment Management be the next big thing?  (Bull Bear Trader)

Do financial journalists bend over backwards to be fair?  (Curious Capitalist)

Blog basher Dennis Kneale profiled.  (New York Observer via Dealbreaker)

Does CNBC bash bloggers as a matter of policy?  (Daily Options Report, Condor Options, Mediaite)

Investment blogs worth more than five seconds of your time.  (My $10,000)

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