The percentage of stocks trading above their respective moving averages are getting close to solidly oversold levels.  (Trader Mike, Bespoke also Quantifiable Edges)

Bearish sentiment is on the rise.  (The Pragmatic Capitalist)

Pullback or new bear market?  (VIX and More)

Adam Warner, “Well, you don’t need a chart to tell you volatility is percolating.”  (Daily Options Report, ibid)

Post BGI, Blackrock (BLK) is now the largest money manager in the world.  (Morningstar)

Some interesting discussion about how multi-strategy was the best hedge fund structure to take advantage of alpha opportunities.  (market folly)

Which Nassim Taleb “investment advice” should we listen to?  (Felix Salmon)

Just what the MAVINS all about? (Wall St. Cheat Sheet)

Ten investment trends including:  “Diversification will remain key.”  (Capital Spectator)

The Burlington Northern acquisition costs Berkshire Hathaway (BRK-A) its AAA rating. (24/7 Wall St.)

Jeff Matthews on how the Burlington Northern deal will transform Berkshire Hathaway (BRK-A).  (Tech Ticker)

Kraft (KFT) had no problem raising funds via debt to close the Cadbury acquisition.  (Breakingviews)

Commission-free trading of ETFs IS a great deal for smaller investors.  (IndexUniverse)

Can Microsoft (MSFT) become a “very different company”?  (GigaOm)

Does GlaxoSmithKline (GSK) have the right formula for improving research productivity?  (Gapper Blog)

A new paper argues that high frequency traders need to have controls in place to avoid high-speed errors.  (Real Time Economics)

Neat graphics on the shadow banking system and what the Volcker Rule might cover.  (Rortybomb)

Goldman Sachs (GS) continues to claim it did not need government assistance.  (Atlantic Business)

Tim Duy, “In this environment, I don’t see how the Fed is interested in substantially tightening policy – but I can see how some policymakers could perceive that their hand was forced if they see a string of upside surprises in growth indicators..”  (Economist’s View)

Anal_yst, “We must accept the fact that the crisis wasn’t caused just by bad actors on Wall Street, but by Main Street, as well.”  (Atlantic Business)

Carmen Reinhart, “..historically, following a wave of financial crises especially in financial centers, you get a wave of defaults. You go from financial crises to sovereign debt crises. I think we’re in for a period where that kind of scenario is very likely.”  (Real Time Economics)

No wonder the US CDS prices have risen so much.  (Fund My Mutual Fund, Bespoke)

Drop in unemployment rate aside, this has been the worst post-War employment recession.  (Calculated Risk also The Reformed Broker, The Pragmatic Capitalist, EconomPic Data, Economix, Big Picture)

Will 5%+ mortgage rates scare off potential home buyers?  (24/7 Wall St.)

Brett Steenbarger, “Market technician Joe Granville famously asserted that if it’s obvious, it’s obviously wrong.  That’s the salience principle, and it’s why impulsive trades so often are losers.”  (TraderFeed)

On the difference between process and outcome.  (Farnam Street)

Bonuses affect activity, not necessarily performance.  (Wired UK)

A review of James Picerno’s new book “Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart Investor.”  (CFA Institute)

This season what NFL teams generated the most “alpha”?  (Analytic Investors via InvestmentNews)

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