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

Are technicals or fundamentals driving this market?  (Big Picture)

What the surge in new highs is telling us about the state of the market.  (Chris Perruna)

The stock market is cheap on forecast earnings.  (Bloomberg contra The Money Game, Big Picture)

By this measure the stock market is trading at fair value.  (EconomPic Data)

Why aren’t yields a lot higher?  (Bloomberg)

An interesting round-trip in fixed income indices since June 2007.  (EconomPic Data)

Leading tech (and Japanese) companies have built up a huge cash hordes.  (FT, ibid)

Why it may make sense to track ETF inflows.  (New Rules of Investing)

European hedge funds are embracing ETFs.  (FT Alphaville)

Investors are warming once again to the frontier markets.  (FT)

We will soon have a new VIX ETF to kick around.  (IndexUniverse)

What Caterpillar (CAT) is saying about the global economy.  (Bloomberg, Clusterstock)

Fine aside, Schwab (SCH) has skated on the YieldPlus case. (LATimes, Felix Salmon, CBS Moneywatch)

Why you need “kill a company” to find out what it is worth.  (Simoleon Sense)

Nothing like a good bull market to make us forget the prior scandals on Wall Street.  (New Yorker)

What Warren Buffett wants, Warren Buffett gets.  (WSJ)

Goldman was not alone in “victimizing” IKB.  Add Deutsche Bank (DB) to the list.  (The Atlantic)

Timing matters in the ABACUS deal.  (Interfluidity also EconLog)

Signs of a turn in the economy continue to pile up.  (NYTimes also Reuters)

In August 2007 lenders began to wise up.  The rest is history.  (Econbrowser)

The Iceland volcano highlights the fragility of the global transportation system.  (Newsweek)

Greece remains a problem.  But does the stock market care?  (MarketBeat, ibid, FT Alphaville)

The unthinkable is now thinkable.  Greece is likely to “restructure” its debts.  (NYTimes)

How China’s real estate boom differs from the US case.  (Calculated Risk, WSJ)

Stock up now.  Meat prices are headed higher.  (Bloomberg)

Three career lessons to learn from Goldman’s Fabrice Tourre.  (Atlantic Business)

Dr. Brett on the “four leaf clover principle” of life.  (TraderFeed)

We are now living in the “Age of Facebook.”  (TechCrunch contra Silicon Alley Insider)

Why sperm counts are falling.  (Independent)

Have you ever wanted to have Abnormal Returns on your blog.  The new Abnormal Returns widget is now available.