The S&P 500 is 15% over its 200 day moving average for the first time in ten years. (VIX and More)
Nine of ten sectors are overbought. (Bespoke also Quantifiable Edges)
What comes next after the S&P 500 experiences a “momentum thrust“? (Trader’s Narrative)
Ten S&P 500 stocks to avoid. (Value Expectations)
A list of stocks that have risen from the dead this year. (The Reformed Broker)
An options indicator reaches a level not seen since January. (Daily Options Report)
Should you fear an options exercise? (Options for Rookies)
Investor overconfidence and overreaction may be endemic. (CXO Advisory Group)
“The reality is that leveraged ETFs — like phantom short-sellers who destroy the market and economy from the shadows — have just become another scapegoat for investors’ losses and frustration with the market.” (Minyanville)
“As more mutual fund and institutional active managers start eyeing the ETF market, how will they contend with the continued stance by regulators demanding daily transparency on all exchange-traded products?” (IndexUniverse)
Why academia has not come around to the notion of a zero equity risk premium. (Overcoming Bias)
The shorting ban of 2008 caused a degradation in market quality for those stocks covered. (SSRN)
No experience necessary. Quant shops still hiring science PhDs with no finance experience. (Zero Hedge)
Is HFT to blame for the rise in asset class correlations? (FT Alphaville)
On the parallels between HFT and high tech swimsuits, and why regulation may not be a big deal. (Marginal Revolution)
“..flash orders are nothing more than a simple bait-and-switch fraud enabled by really expensive computers.” (Baseline Scenario)
The SEC is planning a ban on flash trading according to Sen. Schumer. (WSJ)
A $5 billion lie garners Bank of America (BAC) a slap on the wrist. (aiki14, Felix Salmon, WSJ)
Goldman Sachs (GS) recognizes they have an appearance problem. (NYPost also Clusterstock, DealBook, Jonathan Ford)
Private equity is betting on a rebound in the IPO markets. (Breakingviews also peHUB)
Have we already forgotten about the economic crisis? (Minyanville)
Why community bankers opposed the proposed Consumer Finance Protection Agency. (Clusterstock)
Cash for Clunkers is a hit with consumers, but what of the economic and environmental consequences? (Curious Capitalist)
“Incoming data continue to confirm the cyclical turn in the US economy. But that cyclical turn is supported by a massive amount of government intervention, in and of itself a testament to the fragility of the recovery.” (Economist’s View)
Why inflating a country out of a debt problem may not work. (FT Alpahville)
There are fears that the economic problems in the Baltics will blow back to Europe. (naked capitalism)
How can we make the best use of our natural gas resources? (Gregor MacDonald)
Could Apple (AAPL) kill PayPal and the Kindle? (Silicon Alley Insider, Atlantic Business)
The first-ever interview with Zero Hedge founder Tyler Durden. (Wall St. Cheat Sheet)
Why the media deifies analysts who make a good call. (Accrued Interest)
StockTwits partners with Nasdaq. (Howard Lindzon, paidContent, StockTwits Blog)
Finally the spleen gets some respect. (NYTimes)
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