Doug Kass, “Fear is back.”  (TheStreet, Tech Ticker contra Trader’s Narrative)

Gold and the US dollar have been trading together of late.  (Bespoke)

Don’t buy long-dated Treasury paper right now.   (IndexUniverse)

“Realize that markets don’t care what you think and the best you can do is trade probabilities.”  (Milk Trader)

Prop traders are looking for an escape plan.  (Deal Journal)

Financial stocks trade at rock bottom P/Es.  (Crossing Wall Street also Bespoke, Dealbook)

The dog that didn’t bark.  High yield bond spreads are pretty stable.  (Bespoke)

European distressed debt offers opportunities.  (FT)

How to play the large cap-small cap discrepancy using ETFs.  (Morningstar)

What is going on with lumber futures?  (FT Alphaville)

Timber ETFs have a pretty high correlation with the overall market.  (Random Roger)

Hedge fund performance is no great shakes YTD.  (EconomPic Data)

Cross-sectional stock correlations are at exceedingly high levels.  (Zero Hedge)

Seven reasons why Korean equities might be cheap.  (Pragmatic Capitalism)

The IPO market poses a challenging problem for investors.  (The Psy-Fi Blog)

Tesla (TSLA) quickly drops below its offering price.  (Money & Co., Tech Trader Daily, Street Sweep)

You know its coming:  a HFT fund for individual investors.  (The Reformed Broker, ibid)

A test of some simple sector momentum strategies.  (CXO Advisory Group)

The ‘now-or-never’ trade in BP (BP).  (Street Sweep)

Dell (DELL) has been left for dead.  (FT also Minyanville)

Microsoft (MSFT) should pay a “big, fat dividend.”  (TheStreet)

Let Goldman (GS) be Goldman.  In short, don’t allow it access to the Fed window.  (NYTimes)

The Baltic Dry Index is at best a coincident indicator.  (FT Alphaville also AR Screencast)

A mini-refi boom is afoot.  (Calculated Risk)

Central banks are swapping gold for cash.  (WSJ, Street Sweep)

The yield curve says slow growth, no recession.  (Pragmatic Capitalism)

Money remains too tight.  (The Macro Trader)

Monetary policy only works if financial institutions transmit the policy forward.  (FT Alphaville)

On the danger of using market prices to predict future economic activity.  (Value Plays)

Are Americans going to become a “nation of savers“?  (Minyanville)

Additional stimulus seems to be held hostage by deficit fears.  (Huffington Post)

The debate over long-term unemployment benefits is on.  (WSJ, Real Time Economics)

Is the “American jobs machine” broken?  (Economist’s View also Economix)

This birth/death adjustment stuff is complicated.  (A Dash of Insight)

A brief history of bailouts.  (Big Picture)

Niall Ferguson on the dangers of “regulate first, ask question later..”  (The Source)

Is the end of the European debt crisis here already?  (MarketBeat)

Now that is an IPO.  AgBank sells in excess of $20 billion in shares.  (Deal Journal, Economist)

Why a rise in postal rates could be good for “the economy, businesses and consumers, and the environment.”  (Slate)

No wonder Netflix (NFLX) wants to move to a streaming model.  Check out what  postal rate hike costs them.  (GigaOM also Crossing Wall Street)

Confirmation bias and the challenges of using economic analysis in public policy debates.  (Ezra Klein, Will Wilkinson)

Paul Samuelson debates himself on the question of leveraged lifecycle investing.  (Freakonomics)

There is no “paradox of thrift.”  (Aleph Blog)

On the benefits to business of “thinking the unthinkable.”  (HBR)

“Quietly losing shareholder value.”  (Dilbert)

Love hurts, literally.  (ScienceBlog)

There are now a number of ways to follow Abnormal Returns including:  @ARupdates, free e-mails:  AR Classic,  AR Energy, AR Options, the Abnormal Returns widget, our daily screencasts, and Abnormal Returns TV.