Making the case for a continuation of the secular bear market.  (WSJ also The Reformed Broker)

2010 is not a repeat of 2008.  (WSJ, Investment Postcards)

Markets have always been messy:  lessons from the flash crash of 1962.  (WSJ also Big Picture)

Global stock market performance year-to-date.  (Bespoke)

Equity sentiment at week-end.  (Trader’s Narrative, The Technical Take, The Money Game)

Memorial Day week is generally positive for the stock market.  (Bespoke, ibid)

“Listen to no one who predicts anything, they’re all just victims of Laplace’s hammer.”  (The Psy-Fi Blog)

On the need for “scorecards for pundits.”  (Abnormal Returns also Financialfreezeframe)

On the “financialization” of commodities.  (Real Time Economics)

Icahn Enterprises (IEP) looks to be undervalued.  (Barron’s)

Are munis really a safe haven?  (WSJ)

What the state of Charles Schwab (SCHW) tells us about the individual investor.  (BusinessWeek)

The transformation of the CBOE has led it to its coming IPO.  (Barron’s)

What equity risk premium, in practice, do analysts use?  (SSRN)

Barry Sternlicht wants to sell you a condo.  (NYTimes)

How big an effect did home equity withdrawals have on spending?  (voxEU)

Consumer spending is NOT 70% of the economy.  (Mandel on Innovation)

Signs of weakness:  restaurant traffic.   (Calculated Risk)

Inflation is not around the corner.  (Credit Writedowns)

The Fed is taking the necessary steps to tighten monetary policy.  (Money Supply)

Don’t just focus on Europe.  (Econbrowser also NYTimes)

BP (BP) has reportedly spent nearly a billion dollars to-date on the Gulf oil spill.  (CNNMoney also NYTimes)

The oil boom that is North Dakota.  (Infectious Greed)

A rediscovered speech by Ben Graham.  (Jason Zweig)

Even clearly irrelevant information can affect decision making.  (NYTimes)

Luxury shopping is making a comeback.  (Slate)

Fred Wilson on why taxing carried interest at ordinary income rates makes sense.  (A VC also WSJ)

Why is Apple (AAPL) is so sticky?  (Apple 2.0)

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