Don Fishback, “It appears as though VXX is yet another in a long line poor performing ETFs that are based on futures products.”  (Don Fishback)

Eddy Elfenbein, “There’s a lot wrong with EMH, but I don’t think we can hang our current mess on it.”  (Crossing Wall Street)

For the past 25 years gold has not been a good predictor of inflation.  (Liscio Report)

Brett Arends, “But here’s the secret of TIPS: You don’t buy them because you know where inflation is headed. You buy them so you don’t have to care.”  (ROI)

The new Jefferies TR/J CRB Global Agriculture Equity Index Fund (CRBA) aims to compete against the popular Market Vectors – Agribusiness ETF (MOO).  (IndexUniverse)

Matrix pricing, stale prices and the bond ETF dilemma.  (Morningstar)

Is it time to take another look at ETNs?  (IndexUniverse)

System trading distinguishes itself from other forms of trading in that it has a high threshold for capital allocations. Feelings, notions, guru tips and gut instinct are not sufficient for the system trader.”  (Milk Trader)

We have all placed “idiot trades.”  (TraderFeed)

The petrodollar recycling machine is humming again.  (Gregor Macdonald)

Ironically dark pools of liquidity are the antidote to high frequency trading.  (Kid Dynamite, ibid)

Todd Harrison, “Remember, in the eyes of both the government and Main Street, hedge funds are an acceptable casualty of war.”  (Minyanville)

We need some better options than simply bailing out GMAC (again).  (Clusterstock, Baseline Scenario, Fund My Mutual Fund, Rolfe Winkler, Atlantic Business)

Why again did the Feds pay off AIG (AIG) swap counterparties in whole?  (Clusterstock, Washington Post, Atlantic Business, Epicurean Dealmaker)

Norway is the third country to raise their benchmark lending rate.  (Credit Writedowns)

Demand for temp staffing is on the rise.  (The Money Game)

The Treasury is right to try and extend government debt maturities.  (Rolfe Winkler)

Apparently the first-time home buyer tax credit is good politics.  (Calculated Risk)

Steve Randy Waldman, “The great moderation made aggregate GDP and employment numbers look good, and central bankers sincerely believed they were doing a good job. They were wrong.”  (Interfluidity also Free exchange)

Have “elite universities” actually become a better deal over time?  (The Stash)

CNBC ratings year over year are not pretty.  (Zero Hedge also Daily Options Report, Davian Letter)

A nice interview with and profile of the Greenbackd Blog.  (Simoleon Sense)

The first few chapters from the new book from William Bernstein’s The Investor’s Manifesto are online.  (Efficient Frontier via World Beta)

David St. Hubbins, Bush & Obama, Wal-Mart (WMT) and why context matters when consuming media.  (Abnormal Returns)

How the New York Yankees are like Microsoft (MSFT).  (An Entirely Other Day via Kottke)

Abnormal Returns is a proud member of the StockTwits Network.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.