Talk about Dow 1,000 is silly, if not mathematically impossible.  (WSJ also Marketplace)

2010:  the year every one is right about the market.  (The Reformed Broker)

Did pessimism get overdone?  (Big Picture)

Equity market sentiment at week-end.  (Trader’s Narrative)

More evidence that the stock market has not been a hospitable place the past decade.  (BondSquawk)

Wal-Mart (WMT) stock is cheap.  (Barron’s)

Strange prices are happening more under HFT.  (SMB Training)

Do absolute return funds deserve all the hype?  (WSJ)

Investors are demanding “alternative yield.”  (The Reformed Broker)

Hard to get the benefits of timberland without actually owning the underlying timberland.  (NYTimes)

An actively managed long/short fund of funds ETF launches.  (IndexUniverse)

European bond market spreads examined.  (Calculated Risk)

The debate rages of BP’s eventual liabilities for the Gulf spill.  (NYTimes)

Jumbo mortgage rates close the gap on conforming loans.  (WSJ)

The top six game changing hedge funds.  (Think Tank via Dealbreaker)

The wait for KKR is finally over.  (Deal Journal)

TARP as stimulus.  Wall Street is hiring.  (NYTimes)

Where to invest under austerity.  (The Source)

A sign that the crisis is finally over?  Fidelity reopens four money market funds.  (Reuters)

How much should we read into the continued fall in the ECRI WLI?  (BondSquawk, Credit Writedowns)

Is the Fed happy with a crappy economy?  (naked capitalism also Macro Musings)

David Merkel, “The thing is, we are not in a liquidity trap, as much as we are in a broken financial system.”  (Aleph Blog)

The real estate tax credit did more harm than good.  (Prof. Pinch)

To solve our economic problems we need to prevent 2006, not 2008.  (Interfluidity)

Was economic inequality the true cause of the financial crisis?  (Project Syndicate)

How did we get here, economically that is?  (The Psy-Fi Blog)

On the fragility of the US economic recovery.  (FT)

Are we asking too much of behavioral economics?  (Rajiv Sethi)

How often have sovereigns defaulted in the past?   (Calculated Risk)

What to do about the problem of the persistently unemployed?  (Curious Capitalist)

Tyler Cowen, “When it comes to firms holding more cash, we still do not understand what is going on.”  (Marginal Revolution)

Daniel W. Drezner, “If you can’t read the abstract, don’t bother with the paper.”  (Foreign Policy)

A rave review for Sebastian Mallaby’s “More Money Than God.”  (Guardian)

Bailout Nation” is now in paperback.  A review.  (A Dash of Insight)

Brief reviews of three books.  (Aleph Blog)

How Google (GOOG) could overtake Apple (AAPL) in smartphones.  (Barron’s)

Google is reportedly getting into gaming in a big way.  (TechCrunch)

Twitter is hatching business models left and right.  (GigaOM)

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