Is China’s market overbought or oversold?  (beyondbrics, The Money Game)

3M (MMM), Caterpillar (CAT) and UPS (UPS) all beat earnings estimates.  (MarketBeat, ibid, ibid)

Stocks continue to react negatively to earnings.  (Bespoke)

The 10-year note has put 3% in its rearview mirror.  (MarketBeat)

An exercise in variant perception.  (market folly)

Doug Kass, “There is a market void.”  (TheStreet)

Can a robot have a “fat finger“?  (The Source)

John Paulson can’t get enough assets under management.  (FT, WSJ, Clusterstock)

Trading volatility is harder than is looks.  (Daily Options Report)

How the relative performance of growth and value affects the stock market.  (MarketSci Blog)

Is it too late to buy REITs?  (Systematic Relative Strength)

How contango conspires to harm commodity ETF returns.  (Bloomberg also Afraid to Trade, FT Alphaville)

For insurance to be useful it has to be cheap.  (Behavioural Investing)

Absent credit ratings, bond deals are being “driven underground.”  (Deal Journal also AR Screencast)

Is financial reform already putting a chill on fundraising?  (Dealbook, Clusterstock, Ezra Klein, PE Beat)

GM buys AmeriCredit (ACF).  What could possibly go wrong?  (Dealbook, Kid Dynamite, 24/7 Wall St., Peridot Capitalist, Felix Salmon)

The latest from Howard Marks.  (Infectious Greed, Kid Dynamite)

Seasonality and the Baltic Dry Index.  (FT Alphaville)

Close but no cigar.  The SEC comes close to scrapping 12b-1 fees.  (NYTimes, WashingtonPost)

Existing home sales fall.  (Atlantic Business)

How long will it take to sop up excess housing supply?  (Calculated Risk)

Unemployment claims increase.  (Calculated Risk)

Is the Fed out of bullets?  (DJ Market Talk, The Money Game)

Edward Harrison, “The Federal Reserve is more powerful an institution than ever.”  (Credit Writedowns)

Have we offshored our coal demand to China?  (Gregor Macdonald)

General Motors is killing it in China.  (NYTimes)

Is $77 oil cheap in light of Chinese demand for autos?  (Globe and Mail)

Are commodity bulls relying too much on Chinese demand to drive prices higher?  (Lex)

Brazil raises rates 50bp.  (beyonbrics)

On the evils of “risk free savings.”  (NY Observer)

A review of “Diary of a Hedge Fund Manager” by Keith McCullough.  (All About Alpha)

Further reason to read FT Alphaville.  (Recorded Future)

Happy first blogiversary!  (CSS Analytics)

Why the news industry needs bloggers.  (Felix Salmon)

Is Steve Ballmer on the way out at Microsoft (MSFT)?  (The Daily Beast, SAI also Bloomberg)

Netflix (NFLX) is getting squeezed.  (24/7 Wall St. also NewTeeVee)

Baidu (BIDU) vs. Google (GOOG) is no longer a fight.  (Lex)

PayPal continues to help the bottom line of eBay (EBAY).  (GigaOM)

Henry Blodget, “I have to hide the iPad from my kids.”  (SAI)

Twitter is building its own data center.  (GigaOM)

Carl Richards, “The past is the past. All that matters now is making the correct decision for today.”  (Bucks Blog)

Jonah Lehrer, “Money is surprisingly bad at making us happy.”  (The Frontal Cortex)

Fun graphic comparing the size of social networks to nations.  (Economist)

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