The VIX has “little or no predictive value” as a market timing tool according to Laszlo Birinyi.  (BusinessWeek also Daily Options Report)

85% of the stocks in the S&P 500 are above their 50-day moving average.  (Bespoke)

Secondary equity offerings are coming fast.  (24/7 Wall St.)

On the virtues of the 200 day moving average as a market timing indicator.  (Marketwatch)

Chinese ADRs are outperforming the Shanghai Composite.  (Bespoke)

A simple asset rotation model based on high yield vs. investment grade bond spreads.  (EconomPic Data also SurlyTrader)

There are not many good options out there for investors in this low interest rate environment.  (Aleph Blog)

Is it time to start constructing bond indices to avoid overweighting the worst credits?  (Barron’s)

Market forces will work to rationalize ETF offerings over time.  (Morningstar)

The ETF commission wars are just getting started.  (DailyFinance)

Estimating the equity risk premium is no easy task.  (The Capital Spectator, CXO Advisory Group)

Michael Pettis, “A revaluation shifts wealth from the Chinese government and the manufacturing sectors (and some wealthy Chinese) to Chinese households…”  (China Financial Markets)

The Big Mac Index continues to show the Yuan as greatly undervalued.  (Economist)

“We’re right in the middle of an unparalleled period of disequilibrium. Nothing is as it seems, and the global imbalances that were caused in the first decade of the twenty first century will take a long time to right themselves.”  (The Psy-Fi Blog)

“Simple, broad-brush regulations have a much better chance to operate as a set of principles which are well understood by both regulator and regulatee alike. But having such principles-based regulation is not enough.”  (Epicurean Dealmaker)

What happens when the Fed gets out of the mortgage business?  (DJ Market Talk, Curious Capitalist, Reuters, Real Time Economics)

The Hoenig dissent focuses on asset bubbles, not inflation.  (Money Supply, Real Time Economics)

Long term demographics provides optimism for the US economy.  (Big Picture)

Just how far off is peak oil demand?  (Infectious Greed)

Contrary to popular opinion the US does not have a new rail policy.  (Gregor Macdonald)

Blog-based algorithms should fear the “garbage in, garbage out” problem.  (The Reformed Broker)

On the importance for bloggers of making it easy for readers to “read your stuff.”  (Felix Salmon)

A couple more “geeky” guides to winning your NCAA tournament pool.  (Wired, Slate)

Don’t forget to sign up for our 2nd annual NCAA bracket challenge.  (Abnormal Returns)

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