“The financial system nearly collapsed because smart guys had started working on Wall Street.”  (NYTimes also Felix Salmon)

Things change:  on the need for adaptive market indicators.  (Don Fishback)

Not all bulls are dopey, not all bears are smart.  (The Reformed Broker)

Some technical modifications to the Halloween Indicator.  (Marketwatch)

“So…keep a close eye on market breadth, but be wary of an artificial jump in new highs that shows new highs surging since the beginning of October.”  (VIX and More)

What does it mean to invest for the long run in a post-crisis world? (Abnormal Returns also Random Roger)

Research shows that bond fund managers can’t time the market.  (CXO Advisory Group)

What the United States Natural Gas Fund (UNG) is doing to avoid futures restrictions.  (24/7 Wall St.)

Breaking down the differences between iShares MSCI Emerging Markets Index Fund (EEM) and Vanguard Emerging Markets ETF (VWO). (IndexUniverse)

Local currency bond markets are becoming more important in the emerging markets.  (VoxEU)

Research indicates that hedge funds stretch the truth during due diligence proceedings.  (FT also Clusterstock, Dealbreaker)

How two bank analysts view the sector.  (Wall St. Cheat Sheet, Street Capitalist)

Consolidation ahead for the tangled web of dark pool operators.  (The Big Money)

“Much handwringing” about record-breaking Wall Street bonuses.  (WSJ also Big Picture, FT Alphaville, Rolfe Winkler)

The Fed should stop buying mortgage backed securities today.  (Real Time Economics)

Commercial mortgages are still going bad at a record pace.  (The Money Game)

To what degree was monetary policy to blame for the crisis?  (macroblog also Economist’s View)

“Venture capital fundraising is back to its pre-Internet boom days, but not in a good way.”  (Dealscape)

Mish vs. ECRI vs. Krugman.  (Big Picture)

Bloomberg+BusinessWeek=Bloomberg BusinessWeek.  (NYTimes, New Rules of Investing, Silicon Alley Insider, The Big Money)

Reuters+Breakingviews=Reuters Breakingviews.  (Times Online)

“Like momentum traders in the stock market, parents today appear to favor names that have recently risen in popularity relative to names that are on the decline.”  (ScienceDaily via Credit Writedowns)

It is difficult to change established ways of decision making.  An example from the NFL.  (The Frontal Cortex)

Abnormal Returns is a proud member of the StockTwits Network.