Summarizing the blog debate over high frequency trading.  (NYTimes)

European stocks are cheap relative to the US.  (Barron’s)

Looking for new leadership to lead this stock market rally.  (Howard Lindzon)

The role of emerging markets, says Prof. Dimson, “is to provide diversification, not to add to returns.”.  (WSJ)

Checking in on investor sentiment at week end.  (Trader’s Narrative, The Technical Take)

“When all is said and done, the VIX reflects supply and demand for options on the S&P 500 index. The factors that affect movements in the VIX from day to day or week to week, however, are always in flux.”  (VIX and More)

“More money is lost through shame and the compounding of error that accompanies it, I think, than through merely being wrong.”  (Ultimi Barbarorum)

“Everyone is wrong in the markets at times. The difference between the great traders and the unsuccessful ones is in how long they stay wrong.”  (TraderFeed)

The first few steps in asset allocation are deceptively easy.  (Capital Spectator)

The best-selling mutual funds at the moment.  (Morningstar)

The United States Natural Gas Fund (UNG) has ventured into the swaps market for the first time.  (Bloomberg)

“Bottom line, the current Wall Street trader compensation system stinks. It is terrible for shareholders. It is bad for long-term equity building. And it isn’t that great for traders.”  (Information Arbitrage)

Citigroup (C) has a pay battle looming with its Phibro unit.  (WSJ also Clusterstock, naked capitalism)

Nouriel Roubini endorses another term for Fed Chairman Bernanke.  (NYTimes also Economist’s View)

Debating the relevance of the Taylor Rule with a 0% Fed funds rate.  (Calculated Risk)

“Perhaps a lot of the disagreement over healthcare reform, and maybe other policy issues as well, stems from the fundamental question of what kind of institutions a person trusts.”  (Greg Mankiw)

Should we take comfort from Japan’s continued ability to borrow?  (WSJ)

Past as prologue?  How the financial system weathered the Spanish flu pandemic.  (Alea Blog)

An interesting interview with uber-blogger Felix Salmon.  (Free exchange)

What is CNBC thinking?  (Daily Options Report)

“The primary problem with newspaper companies isn’t their revenue. It’s the size and scope of their operations.”  (Daring Fireball also A VC)

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