TIPS ETFs are getting gamed.  (The Money Game, WSJ)

“Want to know where the S&P 500 (SPY) is headed? The corporate bond market likely holds the answer.”  (Mish)

Some surprising inter-market returns year-to-date.  (Afraid to Trade)

These mutual funds love Berkshire Hathaway (BRK-A).  (Morningstar)

Warren Buffett admits a mistake in valuing those pesky derivative contracts.  (Dealbreaker)

The Market Vectors Vietnam ETF (VNM) is trading.  (IndexUniverse)

What the rise in the estimates of domestic natural gas reserves might mean.  (Economist)

The United States Natural Gas Fund (UNG) is “too big for the natural-gas market..”  (WSJ also Daily Options Report, IndexUniverse)

The stock buyback boom was a boondoggle.  (BusinessWeek)

REIT valuations are now stretched.  (Zero Hedge)

Investor sentiment is pretty bullish.  (Trader’s Narrative)

Feel free to ignore new buy recommendations from sell-side analysts.  (Bull Bear Trader)

Why hedge funds and regulated bank holding companies don’t mix.  (Slate earlier Abnormal Returns)

“The rally in equity markets has caused a frenzy inside private equity firms with plans a-plenty for initial public offerings.”  (FT)

“Unless you’re expecting deflation to roar on, which we don’t, the real yield in nominal Treasuries looks like a trap.”  (Capital Spectator)

“Over the last 12 months, CPI has fallen 2.1 percent, the largest 12 month decline since 1950.”  (Calculated Risk also EconomPic Data, Curious Capitalist)

The European economy seems to be leading the US out of recession.  (NYTimes, naked capitalism)

“While transactions are picking up, big banks have been reluctant to publicize the sale of distressed mortgages for fear of upsetting the market with large write-downs.”  (DealBook)

The PPIP was poorly designed and allows traders to profit from insider information.  (LATimes)

How did the markets absorb so much more government debt without a hiccup?  (Free exchange)

Why Ben Bernanke is still the right person to run the Fed.  (WashingtonPost)

Are there really 150 public banks on the verge of bankruptcy?  (Clusterstock also NYTimes)

“Our top monetary policy makers completely missed the true nature of the Great Bubble and its consequences, until it was far too late.”  (Baseline Scenario)

So Vegas has made its bet. This recession, it clearly believes, is just another business cycle. It will end, sooner rather than later…”  (Time)

Andrew Smithers argues that central banks should use market valuations to guide policy in Wall Street Revalued:  Imperfect Markets and Inept Central Bankers.  (Economist)

A breakdown of the quantitative analysis blogosphere.  (MarketSci Blog)

Blogging needs to become more real-time, social and collaborative to keep up with the times.  (GigaOM)

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