On the inherent shortcomings of market-cap weighted indices.  (WSJ)

The battle between fundamentals and technicals.  (Trader’s Narrative)

Global macro hedge funds are net short equities.  (market folly)

Financial stresses are on the rise.  (Trader’s Narrative)

Is Fedex (FDX) really a bellwether?  (Markets Blog also AR Screencast)

Is the worst over for the Euro?  (MarketBeat, Points and Figures)

Pimco comes back home.  (Fundmastery Blog)

ETFs are not perfect. (Morningstar)

The black hole that is small cap growth.  (CBS Moneywatch)

The objective of an investor nicely summarized.  (Noise Free Investments)

On the downsides of physical gold.  (FT)

Can hedge fund managers prevent investors from piggybacking on their trades?  (market folly)

Want simple trading advice? Do not use it.”  (MyTradingNet)

Fannie and Freddie to de-list from the NYSE.  (WSJ, Street Sweep)

Fortress Investment Group (FIG) is sitting on big unrealized private equity losses.  (Bloomberg)

What are BP options telling us about its future?  (Minyanville)

As they inch towards junk status are BP (BP) bonds a “screaming buy”?  (MarketBeat, Deal Journal, Business Insider, DealBook, FT Alphaville)

With oil in the spotlight, shale gas becomes the next hot energy investment.  (FT Alphaville also Time)

Lessons learned from the flash crash.  (Rajiv Sethi)

S&P warns of a coming wave of defaults.  (Dealbook)

Are banks “winning” the fight over derivative legislation?  (CNBC, Tech Ticker)

Derivatives legislation still allows for regulatory arbitrage.  (Rick Bookstaber)

We are setting ourselves up for the next financial crisis.  (Project Syndicate)

Keep an eye on initial unemployment claims.  (FT Alphaville)

High net worth individuals keep on spending.  (MarketBeat also Value Plays)

Housing starts plunge in May.  (Calculated Risk, Curious Capitalist, Atlantic Business)

Are emerging markets at risk of a rollover in the global economy?  (beyondbrics)

Calls for austerity are coming too early in the cycle.  (naked capitalism also Curious Capitalist)

The idea that the oil spill is good for the economy is ludicrous.  (Atlantic Business)

Alarmist talk about the BP spill.  (Barron’s)

How the oil spill affects Russia.  (beyondbrics)

What are you actually buying in the proposed GM IPO?  (Fortune)

Buyer beware when it comes to the Tesla Motors IPO.  (ROI, Wall St. Cheat Sheet, Bloomberg, The Big Money)

AT&T (T) and Apple (AAPL) have badly misjudged demand for iPhone 4.  (Infectious Greed, WSJ)

Starbucks (SBUX) sees the light:  wi-fi wants to be free.  (Slate)

Scott Patterson reviews Sebastian Mallaby’s new book:  “More Money Than God.”  (WSJ)

Comparing the costs of fees charged by buy-and-hold portfolio managers.  (World Beta)

Covestor relaunches.  (Covestor, TechCrunch, SocialBeat)

Cool interactive migration graphs.  (Forbes also Big Picture, Free exchange)

Wealth depends on history, not geography.  (The Psy-Fi Blog)

How to do curation right.  (Felix Salmon)

How WordPress changed the way we write (and read).  (The Big Money)

Does the world need another Twitter?  (GigaOM)

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