The yield on the 10 year note drops below 3.0%.  (Crossing Wall Street, MarketBeat, SurlyTrader, Barron’s, Credit Writedowns)

The flight-to-safety continues apace.  (VIX and More)

Question of the day: Would you rather own the 10 year T-note yielding 3.0% or Johnson & Johnson (JNJ) with a dividend yield of 3.7%?  (AR Screencast)

A “dead cross” is coming for the stock market.  (DJ Market Talk)

A look at the stock market at the halfway mark for the year.  (Bespoke, ibid)

Low interest rates and growing earnings equal an undervalued market.  (Trader’s Narrative, Pragmatic Capitalism)

Would a “double dip” really kill the stock market?  (Trader’s Narrative also Zero Beta)

Another sign of rising risk aversion:  investment grade bonds are outperforming junk.  (Bespoke)

Why are junk bond defaults so low?  (Street Sweep)

The focus on short-term investment results, is short-sighted at best.  (TheStreet)

Hedge funds are having a tough time of it lately.  (Curious Capitalist)

Historically July is a below average month for the stock market.  (MarketSci Blog)

The underlying dynamics of momentum investing.  (Ivanhoff Capital)

How stability of the future curve affects commodity returns.  (CXO Advisory Group)

Tesla (TSLA) launches the first US car maker IPO in 54 years.  (Bloomberg)

With Tesla is the age of the electric car now here?  (green skeptic)

How a takeover of BP (BP) could happen.  (FT Alphaville)

How the BP oil spill may affect Gulf coast muni bonds.  (BondSquawk)

Sarbox lives.  Long live Sarbox.  (Fortune)

Another financial crisis is coming.  Does finreg help?  (DealBook)

Too big to fail was not solved by finreg.  (The Reformed Broker)

The inflation-mongerers were wrong.   (MarketBeat, Capital Spectator)

The Case-Shiller data show a rise in home prices.  (Calculated Risk, Credit Writedowns)

First-time home buyers have disappeared.  (Big Picture)

Low mortgage rates are not all they are cracked up to be.  (Felix Salmon)

Consumer confidence plunges.  (EconomPic Data)

The Fed funds market has given up on rate hikes any time soon.  (Pragmatic Capitalism)

Three lies about the US economy.  (ROI)

The ECB is doing it all wrong.  (The Money Game, ibid)

The European banking system is simply not working.  (Prof. Pinch)

Sometimes default is the best solution for a country, i.e. Greece.  (Minyanville, FT)

More talk about deflation and default.  (BondSquawk, Zero Hedge)

Who knew putting together China’s LEI was so difficult?  (EconomPic Data)

A strong Yuan benefits China’s neighbors.  (beyondbrics)

“The next financial boom seems likely to be centered on lending to emerging markets.” (Baseline Scenario)

Google (GOOG) is trying to stick around in China.  (WSJ, FT, Ultimi Barbarorum)

More fallout from the idea that only the elite of the economics profession can talk about economics.  (Will Wilkinson, Street Sweep, Economics Intelligence, Economist’s View, Rortybomb)

Paul Kedrosky talks with Mark Cuban.  (Kauffman)

Chess vs. poker:  which is the better investing analogue?  (The Masked Financier)

Would you fly an airline with no pilot on board?  (New Scientist)

If you want to eat fish, get used to aquaculture.  (Minyanville)

The Best Blogs of 2010.  (Time)

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