How much weight should we put on some recent breadth divergences?  (Trader’s Narrative also Tech Ticker)

Doug Kass is bearish.  Is this fodder for another leg up?  (TheStreet, Wall St. Cheat Sheet also Daily Finance)

A quick look at corporate bond spreads tells the story of the prior year in the capital markets.   (Abnormal Returns)

The TED spread is at its lowest level since 2004.  (The Pragmatic Capitalist)

When FedEx (FDX) speaks, you should listen.  (Jeff Matthews)

There is still too much natural gas out there.  (FT Alphaville)

The many ways to play gold prices via an ETF.  (WSJ)

Are large investors looking to bypass institutional trading desks altogether?  (The Reformed Broker)

The endowment model is not dead, but it is “..very difficult and internally expensive to implement well.”  (Absolute Return+Alpha)

What’s going right out there?  (Aleph Blog)

“That means the dollar has added “carry trade currency” to its other titles: safe haven and world’s reserve currency.”  (The Stash)

Thought the Bank of America (BAC)-Merrill Lynch controversy was over? Think again.  (Deal Journal, 24/7 Wall St.)

Citigroup (C) wants to get out from under Uncle Sam.  (WSJ, Clusterstock)

Obama comes to Wall Street.  Is reform coming next?  (Nancy Miller, Economix, Baseline Scenario, NYTimes, The Balance Sheet, Clusterstock, Atlantic Business)

The last word on Lehman recaps:  “The real lesson of Lehman and of all these recaps may be that we’ve learned very little at all.”  (Dealscape)

“It is simply not true that we need the mega-banks.”  (Washington’s Blog via Big Picture)

Put retail sales in the positive column for now.  (Calculated Risk, Capital Spectator)

“All in all, the Kindle ended up caught in a no-man’s land: it has a number of nifty features and convenient aspects – but also significant drawbacks and a high price tag. All of which leaves many consumers unconvinced that they really need to buy the thing.”  (The Atlantic)

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