Ian Salisbury, “In 2009, ETFs missed their targets by an average of 1.25 percentage points, a gap more than twice as wide as the 0.52-percentage-point average they posted in 2008..”  (WSJ)

On the benefits of fundamentally weighted bond indices.  (IndexUniverse)

Do hedge funds thrive in periods of market chaos?  (All About Alpha)

Equity sentiment has shifted back to neutral.  (The Pragmatic Capitalist)

Everybody talks their book, everybody.  (Abnormal Returns)

Why were Goldman Sachs (GS) executives dumping stock in 2008?  (Opinionator)

What happens to the stock market when the Fed commences tightening?  (Trader’s Narrative)

Bank profits may come under pressure as the Fed begins raising rates.  (NYTimes)

The Federal Reserve raises the discount rate.  Did the news leak?  (MarketBeat, Clusterstock, EconomPic Data, Calculated Risk, FT Alphaville)

The US trails Asia in terms of the tightening cycle.  (NYTimes)

Core consumer inflation drops for the first time since 1982.  (WSJ, Calculated Risk, DJ Market Talk)

Why the US can’t inflate away its debts.  (Economix)

If you look at Wal-Mart (WMT) results there is little prospect for inflation.   (Breakingviews)

Still no rebound in rail traffic.  (DJ Market Talk)

Where the LEI goes the economy usually follows.  (EconomPic Data also Big Picture)

Short sales (of homes) are rising.  Expect even more.  (Calculated Risk)

Is a jobs tax credit the next step to create “jobs, jobs, jobs”?  (WashingtonPost)

Will the deficit commission actually accomplish anything?  (Economist, A Dash of Insight)

Turkey catches a sovereign upgrade while most of Europe trembles.  (24/7 Wall St.)

Countries hold the Olympics at the risk of their debt rating.  (Clusterstock)

Google (GOOG) gets into the electricity business.  (24/7 Wall St., earth2tech)

On the parallels between judging a dog show and picking stocks.  (the research puzzle)

The journey Michelle Leder traveled to the ultimate sale of footnoted.org.  (Poynter also Investor’s Consigliere)

The beta release of StockTwits garners some reviews.  (TechCrunch, The Reformed Broker)

The curator’s dilemma.  (Jeremy Stein)

Data visualization using Twitter data.  (HBR)

Interesting discussion with Julio DiPietro on his new film set in the world of finance “The Good Guy.”  (FINS also Bloomberg)

Ryan Sager, “When we shell out on a bottle of wine, in other words, the bullshit is what we’re buying.”  (SmartMoney)

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