The case against emerging markets.  (The Psy-Fi Blog, The Reformed Broker)

The surprising state of the high yield bond market.  (IDD via TheStreet)

Just because a closed-end fund has a high yield does not mean it is a good deal.  (WSJ)

A new ETF to track the closed-end fund universe.  (InvestmentNews)

Equity sentiment at week-end.  (Trader’s Narrative, The Technical Take)

Hedge funds hate the Euro.  (market folly)

The Harvard endowment loves iShares.  (IndexUniverse)

Brett Steenbarger, “Of the factors contributing to trading success, creativity is one of the least appreciated.”  (TraderFeed)

Barry Ritholtz, “The lesson to be learned is that billionaires invest differently than you and I. They have very different goals and objectives. They are not concerned with saving for retirement. One should consider that before chasing their most recent buys.”  (Big Picture)

They say casinos never lose.  Well they did in 2009.  (Calculated Risk)

Should the Fed stay in the bank regulation business?  (macroblog)

How should we interpret the Fed’s decision to raise the discount rate?  (Econbrowser)

Long-term unemployment is the story of this recession.  (NYTimes)

Loan modifications just put off the inevitable.  (Calculated Risk)

Ugh.  The New York Times plans to put their blogs behind a paywall.  (Felix Salmon)

Why is so hard to maintain a good bond blog?  (Aleph Blog)

How the Apple iPad will help transform the financial industry.  (Howard Lindzon)

Measuring traffic on the Web is no easy matter.  (WSJ)

Abnormal Returns Now is the real-time component of this site.  Check it out.