Gold hits an all-time high.  (FT also FT Alphaville, EconomPic Data, Felix Salmon)

Individual investors should quit their moaning.  Times have never been better.   (Kid Dynamite also Market Blog)

Ten reasons to buy bonds. (market folly)

Some technical reasons for a market bounce.  (Trader’s Narrative)

Germany has held up best in the Euro market sell-off.  (VIX and More)

The forthcoming golden age of stock-picking.  (Abnormal Returns contra Felix Salmon)

Profitability matters when picking stocks.  (CXO Advisory Group)

We can’t prevent the market from crashing every once in a while.  (Marketwatch also Pragmatic Capitalism)

ETFs aren’t perfect.  Just look how they performed in the flash crash.  (WSJ also IndexUniverse)

Another casualty of the flash crash:  stop-loss orders.  (Morningstar)

Software bugs happen.  Should the financial markets be exposed to them?  (The Psy-Fi Blog)

There is no shortage of fixes for the markets post-crash.  (WSJ, FT Alphaville)

Is one trader to blame for the flash crash?  (DealBook)

The SEC is “outgunned” by today’s computer programs.  (Deal Journal, FT Alphaville, DealBook, WashingtonPost)

Morgan Stanley (MS) is now a target.    (WSJ also Curious Capitalist)

Should Goldman Sachs (GS) be a target? (FT, naked capitalism)

Five reasons why Lloyd Blankfein will survive as Goldman CEO.  (Deal Journal)

The trade deficit ticked up.  (Calculated Risk)

Rail activity and the BDI point to stronger trade.  (The Money Game, Bespoke)

The Fed shouldn’t fear Congress.  (Mark Thoma)

Are banks to blame for not lending in this environment?  (Economist’s View)

Country risk, as measured by CDS prices, has plummeted.  (Bespoke)

The two-tiered European bond market.  (FT)

Investors are mistaken if they think of Euro TARP will necessarily work.  (TheStreet)

On the difference between Greece and Ireland and the similarities between Greece and Russia.  (FT also NYTimes)

Spain’s austerity plan outlined.  (money supply, DailyFinance)

Europe’s economic growth is positive, but barely.  (EconomPic Data)

Are emerging markets (especially China) poised to tighten?  (FT Alphaville, Bloomberg also CNNMoney)

Box office futures could ruin Hollywood.  (The Reformed Broker)

Disney (DIS) is not yet firing on all cylinders.  (NYTimes)

On the need for a “Journal of Failed Finance Research.”  (Aleph Blog)

Calling VCs on their “carried interest bluff.”  (Growthology)

On the value of tax-loss harvesting.  (Bloomberg)

Why Barry Ritholtz blogs.  (Big Picture)

Betting on engineers, not managers.  (Dilbert Blog)

How traders are like the fans who call in to sports talk radio.  (Chris Perruna)

Who is going to win (and profit from) the World Cup?  (FT Alphaville also kottke)

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