Doug Kass, “Fear is the friend of the rational buyer.” (TheStreet)
We are all technicians now. (Derek Hernquist)
“Markets are thus trying to make sense of a world in which political and regulatory risks are balanced by strong profits growth and low interest rates. No wonder they have been volatile.” (Economist)
How much farther does gold have to go? (Trader’s Narrative, WSJ, BusinessWeek)
Keep an eye on Libor. It is a key measure of risk appetites. (MarketBeat)
The high yield bond market continues to show more signs of distress. (Bloomberg)
The world’s biggest companies keep getting bigger. (FT)
Emerging markets look cheap on forecast earnings. (beyondbrics)
Bill Ackman, “Look at large-cap, very high quality businesses today [and] they seem pretty cheap to me.” (Tech Ticker)
Reasons for optimism. (Financial Adviser)
David Einhorn has it all wrong. (Pragmatic Capitalism also Big Picture)
Apple (AAPL) should not celebrate its new position as largest tech company. (Marketwatch, FT, MarketBeat)
Three firms vying to get a toehold in the rapidly growing ETF business. (WSJ)
Why relatively small market moves can imply big moves in the VIX. (Daily Options Report)
Using CME Group (CME) as a way to play market volatility. (Barron’s)
Euro stock market volatility is higher than the Lehman-led crisis. (FT Alphaville)
The market was slow to recognize the scale of the BP (BP) disaster. (Maoxian)
Why the United States Natural Gas Fund (UNG) is a “tough bet to win.” (ETFdb)
How much farther does gold have to go? (Trader’s Narrative, WSJ, BusinessWeek)
The stocks of the Marcellus Shale. (Deal Journal)
The bear case for copper. (Institutional Investor)
Even sophisticated investors use recent returns to judge hedge funds. (Economist)
Does financial distress help explain many common market anomalies? (SSRN)
Can investors exploit the volatility of volatility? (CXO Advisory Group)
How index funds distort performance. (TheStreet)
On the benefits of paper trading. (Options for Rookies)
Goldman Sachs (GS) is reportedly working toward a settlement with the SEC. (FT also Huffington Post)
Is the SEC working for Wall Street? (Baseline Scenario)
More indications that the SEC has missed the boat on insider trading. (Street Sweep also Street Talk)
Weakness emerging in the manufacturing sector. (24/7 Wall St.)
Is rail traffic rolling over? (Pragmatic Capitalism)
The Baltic Dry Index has moved higher in spite of the overall market declines. (Data Diary)
Gross Domestic Income is showing a more sluggish recovery. (Calculated Risk)
Canada’s banks continue their winning ways. (WSJ)
Is now the time to re-finance your mortgage? (WashingtonPost)
The carried interest loophole is not long for this world. (Atlantic Business)
Toys ‘R Us will be public once again. (Bloomberg, DailyFinance)
The CBOE is going to come public at a premium valuation. (Bloomberg BW)
The top 50 business books since the beginning of 2009. (Bloomberg)
Reviewing the role of university endowments in the financial crisis. (Felix Salmon)
Emanuel Derman, “It seems to me you can’t really act in the world without having some kind of model or theory of how the world is going to behave in the future.” (Edge)
Is the favorite-longshot bias a function of risk-love or risk misperceptions? (SSRN)
Why bonuses may not be the best way to reward corporate executives. (Huffington Post also Feld Thoughts)
How Google (GOOG) manages its cash hoard. (BusinessWeek)
A new Apple TV is coming, purportedly. (TechCrunch)
Two quant models agree that Brazil should win the World Cup. (FT Alphaville)
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