The flight to safety in pictures.  (VIX and More)

The low-quality bond rally unwinds.  (EconomPic Data, FT Alphaville)

A turn in the McClellan Oscillator.  (The Disciplined Investor)

Demand for zero coupon bonds are back.  (Bloomberg)

A look at S&P 500 sector P/Es.  (Bespoke)

Libor is on the rise.  (Bloomberg, WSJ)

The stocks that matter most to hedge funds.  (market folly)

On the use of absolute return funds.  (Random Roger)

Gold and oil are really different animals.  (Minyanville)

The Euro is a funding currency for the carry trade.  (Bloomberg, MarketBeat)

Using the Aussie dollar as a sign of investor risk appetites.  (MarketBeat)

The next decade could see “super volatility” in foreign exchange markets.  (FT Alphaville)

S&P 500 ETFs set to flood Europe.  (FT)

Does Warren Buffett deserve his outsider rep?  (NYMag)

Ratings agencies are still broken.  (Big Picture)

Equating CDS prices with sovereign credit ratings.  (FT Alphaville)

Wall Street avoided the worst-case scenario on reform.  (DealBook, CNNMoney)

Regulatory reform helps exchanges like CME Group (CME).  (Street Sweep)

Washington is in no rush to reform Fannie and Freddie.  (WSJ)

Inflation is not at the top of the economic worries list.  (Slate)

Should we fear the contraction in M3?  (FT Alphaville, Bloomberg)

Don’t rule out a double dip recession.  (WSJ)

More indicators point to a slowing economy.  (FiveThirtyEight)

Using algorithms to call recessions in “real time.”  (Econbrowser)

The Chicago Fed National Activity Index increased in April.  (Calculated Risk, Bespoke)

Three questions for the Eurozone. (FT)

The markets have voted the Eurozone rescue plan down.  What next?  (Baseline Scenario)

Mortgage rates are dropping back to record-low levels.  (WSJ)

The Australian central bank may put monetary policy on pause.  (FT)

China is not going to make any sudden moves with the Yuan.  (Bloomberg)

The Chinese bubble is beginning to resemble the Japanese bubble.  (The Money Game)

What happened in Africa in 2003?  (Free exchange)

If you want oil, expect messes.  (ST Macro Weekly, New Yorker)

Why canceling trades is likely to be counterproductive.  (Rajiv Sethi)

Satyajit Das, “The latest books on the global financial crisis inhabit this strange no man’s land between fiction and non-fiction writing.”  (naked capitalism)

The lessons from the Apprenticed Investor series all in one place.  (Big Picture)

Is the future of all-electric vehicles overhyped?  (American)

Android vs. iPhone is now an “all out war.”  (Daring Fireball)

Is Google (GOOG) finally a buy?  (SAI)

Another reason Russian oligarchs are buying professional sports teams.  (Business Insider)

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