If you would like to receive our links in real-time please follow us at @ARupdates.

Companies continue to blow past earnings estimates.  (Bespoke)

Small cap stocks have outperformed YTD.  Time for a break?  (The Pragmatic Capitalist)

Persistent periods of momentum rarely “turn tail quickly.”  (TraderFeed)

However measured the breadth of this rally is quite impressive.  (Trader’s Narrative)

Crazy ETF turnover statistics.  (ETF Database)

Trading has now dominates investing.  Is that a good thing?  (the research puzzle)

The case against the Aussie dollar.  (FT, Zero Hedge)

Pimco is buying more emerging market corporate debt.  (WSJ also NYTimes)

Hedge fund of funds are scrambling to justify their existence.  (Economist)

Deep water oil drilling is a risky business.  (Bloomberg)

On the unique return characteristics of REITs.  (SSRN)

On the relationship between financial distress and stock market anomalies.  (CXO Advisory Group)

James Grant on the best financial reform.  Put the bankers at risk.  (WashingtonPost)

Financial reform boiled down to a single sentence.  (Clusterstock)

Ten things you don’t know about the Goldman Case.  (Big Picture)

Abacus simplified.  (Alea Blog, Financial Crookery)

Can the SEC prevail in its Goldman case if its commissioners can’t agree?  (WashingtonPost also The Conglomerate Blog)

Insider trading charges swirl around Goldman Sachs execs.  (Clusterstock, WSJ)

Goldman wants to rely on the “big boy” defense.  (Deal Journal also The Daily Beast)

New home sales surged due in part to expiring tax credits.  (Calculated Risk, Big Picture)

Durable goods figures show continued strength.  (Bloomberg, Capital Spectator)

Rail traffic continues to recover.  (The Pragmatic Capitalist)

What Leggett & Platt (LEG) results tell us about inflationary pressures.  (Jeff Matthews also WSJ)

Don’t let your political views influence your investing.  (A Dash of Insight)

Higher taxes are coming.  It is an inevitability.  (Economix)

Starbucks (SBUX) as the ultimate tell on discretionary spending.  (The Big Money)

The stock market has forgotten all about Greece.  (Bespoke)

Greece finally says uncle.  Formally asks EU-IMF for assistance.  (Economist, NYTimes, WSJ, Money Supply)

Are there more dominoes to fall in Europe?  (Baseline Scenario)

More signs the Chinese economy is overheating.  (Real Time Economics)

Japan’s tenuous fiscal situation.  (EconLog)

Volcanoes (and other exogenous events) as economic noise.  (Economist)

“The reason that complicated things never work in real life is that there are too many unknowns in the equation.”  (Relative Strength Investing)

How to avoid confirmation bias on StockTwits.  (Attitrade earlier Abnormal Returns)

Lessons Dr. Brett has learned from blogging.  (TraderFeed)

On the value of making your mental models stand up to the rigors of testing.  (Abnormal Returns)

It will not always be this great for Apple shareholders.  A few cautionary notes.  (ROI also Money & Co.)

Facebook is a threat to Apple (AAPL) and Google (GOOG).  (blog maverick)

Why Steve Jobs may want to own ARM (ARMH).  (Big Tech)

Is a bubble brewing in technology sector?  (GigaOM)

The NCAA basketball tournament avoids disaster and expand from 65 to only 68.  (WashingtonPost)

Want awesome options links?  Sign up the for the new AR Options e-mail newsletter curated by Adam Warner.