What the contraction and expansion in the market’s P/E ratio tells us about investor mood.  (Big Picture)

Are dividends now cool?  (Crossing Wall Street)

Where the Obama stock market stands relative to other administrations.  (Bespoke)

The good (gold) and bad (everything else) of John Paulson’s August performance.  (Clusterstock, FT)

Why some investors continue to heart gold.  (FT Alphaville, Street Sweep)

Active fund managers are frustrated by market correlations.  Maybe they should be playing a different game?  (AR Screencast)

Capitulation in the bond market.  (WSJ)

Bond math is pretty simple.  (Bucks Blog)

Goldman Sachs (GS) has a muni bond it wants to sell you.  (WSJ)

Why Wall Street loves Mark Hurd.  (Fortune, Deal Journal)

What stocks would gain from deflation?  (Marketwatch, Crossing Wall Street)

In search of a growth story in the cloud.  (The Reformed Broker)

The puzzling success of trend-following investment strategies.  (Gavyn Davies)

David Merkel, “Markets aren’t magic.  They can only deliver what the real economy does.”  (Aleph Blog)

“It doesn’t hurt to be comprehensive in your knowledge and targeted in your approach.”  (Milktrader)

Nick Gogerty, “Mutual Fund managers get paid extremely well.  Mutual Fund managers suck.”  (Designing Better Futures)

Jeff Miller, “We celebrate the results of the recently-successful, perhaps being fooled by randomness.”  (A Dash of Insight)

Do investors really want absolute returns?  (MarketSci Blog)

What high frequency data can do for risk management.  (FT Alphaville)

Why aren’t mortgage rates and housing prices more closely related?  (Economix, EconomPic Data)

Where does housing rank in terms of the problems with the economy?  (NYTimes also Big Picture, Modeled Behavior, Felix Salmon)

TIPS-derived inflation expectations continue to fall.  (Macro Musings)

Rail traffic continues to bounce back.  (ValuePlays)

Taxes are not a reason for America’s growing income disparity.  (Atlantic Business)

Stimulus won’t fix the structural unemployment problem.  (WashingtonPost)

Anglo Irish Bank goes the good bank/bad bank route.  (WSJ, Bloomberg, FT Alphaville)

The Swiss franc as a safe haven from the rest of Europe.  (The Reformed Broker)

The Thai baht is on fire.  (beyondbrics)

Contango is back in the WTI crude futures.  (FT Alphaville)

The new normal in oil and natural gas prices.  (Donald Marron)

Could oil prices fall further?  (Fortune)

Ping is likely to grow beyond music.  (Daring Fireball also GigaOM)

Interesting interview with Satyajit Das.  (Planet Money)

Part 2 of an interview with Justin Fox.  (Wall St. Cheat Sheet)

Stock spammers are not stupid.  (The Psy-Fi Blog)

Seven things to do to improve.  (Kirk Report)

How junk food hijacks your brain.  (NewScientist)

Why alcohol is good for you.  (The Frontal Cortex)

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.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.