The calendar says buy. (Crossing Wall Street)
A spike in bearish sentiment. (Bespoke)
10% monthly declines are rare for the stock market. (Big Picture)
Small caps and technology continue to outperform. (Trader’s Narrative)
The S&P 500 is stuck in the middle of a ten-year trading range. (StockCharts Blog)
A century-long look at the stock market. (FT Alphaville)
Checking back in on market valuations. (Abnormal Returns also EconomPic Data)
A great review of the Ira Sohn Investment Conference. (market folly also Zero Hedge)
David Einhorn and Bill Ackman are short the credit ratings agencies. (Zero Hedge, Street Sweep)
Jeremy Grantham and Mark Mobius both like emerging market stocks. (The Money Game, Bloomberg)
Barton Biggs thinks the market is oversold. Eric Sprott thinks the decline has just started. (Bloomberg, ibid)
Michael Kahn, “Combine the seasonal, nine-month and four-year cycles and we can make a compelling case for market weakness all summer long.” (Barron’s)
The US Treasury has offloaded 20% of its shares in Citigroup (C). (DealBook, WSJ, Felix Salmon)
B of A and Citigroup say “no harm, no foul” on mischaracterized repos. (WSJ, Big Picture)
Speaking of BAC and C, does it seem like every big hedge fund managers owns them in size? (The Reformed Broker also DealBook, Bloomberg)
Shawn Tully, “Arnott’s innovative approach to designing and marketing index products has rocked the investment world” (Fortune)
“Investing, at its core, is a simple process.” (Systematic Relative Strength)
“No matter your approach, the evolution of glamour pricing likely matters, perhaps more than you think.” (the research puzzle)
How skew affects the VIX. (Options Zone)
Does momentum work across style portfolios? (SSRN)
Lumber prices have reversed their rally year-to-date. (Bloomberg BW)
Commodity futures investing doesn’t work when the roll yield is negative. (Data Diary)
Looking inside how Libor calculated is a bit like watching sausage being made. (American Banker)
Is the time right for GDP-backed government bonds? (Globe and Mail)
David Einhorn thinks the US debt crisis is coming sooner than we think. (NYTimes also MarketBeat)
Are we headed for another Lehman? (Pragmatic Capitalism)
A fire sale at private equity firms? (peHUB)
Goldman Sachs had to pay up to get a 10-year bond deal done. (FT Alphaville)
The distressed debt cycle is not over. (DealBook)
Machine tools are in short supply. (WSJ)
Warehouse type stores show some strength. (Reuters, 24/7 Wall St.)
GDP revised lower. Jobs claims higher than expected. (EconomPic Data, Calculated Risk)
What do the different employment statistics tell us about the economy? (Dept. of Numbers)
The drop in M3 is garnering more attention. (Telegraph UK also The Money Game, BondSquawk)
The advantages of tax cuts in fiscal policy. (Mark Thoma)
The role hedge funds played in stopping one of the most asinine attempts at insider trading. (Street Sweep, Jeff Matthews, Curious Capitalist, TRB)
Hedge funds have nowhere else to go. (Fortune)
Don’t forget about the problems in Ireland. (MarketBeat)
The fall in the Euro could help Europe’s economy. (Real Time Economics also FT Alphaville)
On the challenge of the “omitted variables bias.” (Falkenblog)
Nouriel Roubini is a “scenario-spinner, not a prophet.” (Justin Fox)
A rave review for The Great Reflation. (Aleph Blog)
Recalculating the common risk exposures of the Yale endowment fund. (World Beta)
Why Joe Mansueto and Morningstar (MORN) are on an acquisition spree. (Bloomberg BW)
Is Google (GOOG) now a value stock? (YCharts Blog)
Fred Wilson has changed his mind about the Apple iPad. (A VC)
Apple (AAPL) is now officially the world’s largest technology company. But it should it be? (FT, Bespoke, MarketBeat also SAI)
A look at the Steve Ballmer-era at Microsoft (MSFT) and whether a big M&A deal is in their future. (Apple 2.0, MarketBeat)
Jonah Lehrer, “The only way to avoid anchoring is to know about it.” (The Frontal Cortex)
What is a hypersonic engine and how might it change aviation? (LATimes)
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