Risk on – for now.  (Points and Figures, StockRabbi, Floyd Norris)

Trust and confidence are absent in this economic environment.  When will they return?  (TheStreet)

Data issues and the (reduced) power of momentum.  (MarketSci Blog, Crossing Wall Street)

Signs that economically sensitive stocks continue to lead.  (Barron’s)

On the stock-bond disconnect.  (Felix Salmon also Bloomberg)

Ten things that make Barry nervous.  (Big Picture)

Fund managers are backing off their Treasury bets.  (WSJ)

We are entering the earnings season filled with optimism.  (The Reformed Broker, Points and Figures)

In light of the Twitter hack a look at the Internet security sector.  (Bespoke)

Market forecasts are just guesses.  (Carl Richards)

Building a better index strategy by focusing on companies with beta near 1.0.  (Falkenblog)

The hedge fund industry needs a better argument for its continued existence.  (Bloomberg)

The number of hedge funds is going to keep falling.  (Clusterstock, Bloomberg)

Yet another derivatives-based ETF that is not playing out according to plan.  (InvestorPlace)

The tale of the Oklahoma and Texas ETFs is over.  (Money Game)

Can an ETF really implode?  (Kid Dynamite)

Another example of closed-end fund madness.  (the research puzzle)

Is the turn-of-the-month effect robust over time?  (CXO Advisory Group)

On the importance of treating trading as a business, no matter how big a trader you are.  (AR Screencast)

Over the past decade you would have done better in a CD than in Goldman Sachs (GS) stock.  (Bloomberg)

Is the core business of Yahoo! (YHOO) worth less than nothing?  (Tech Trader Daily)

More wisdom from Seth Klarman.  (Market Folly, Pragmatic Capitalism)

According to Charlie Munger, what is good for Berkshire is good for America.  (Zero Hedge, Bloomberg, Crossing Wall Street, Mish, Alice Schroeder)

Slow housing starts is good news for the housing market in the long term.  (Calculated Risk, EconomPic Data, Atlantic Business, Street Sweep)

Commercial real estate prices are still falling.  (Calculated Risk)

The great deleveraging is coming about via defaults and write-offs.  (Big Picture)

More evidence that higher debt levels impinge on economic growth.  (Free exchange)

Vincent Reinhart, “The bankruptcy of Lehman Brothers is widely misunderstood: We have inverted a morality tale about individual recklessness to become one about collective culpability through inaction.”  (The American)

Would higher inflation cause more problems that it solves?  (Megan McArdle also FT Alphaville)

Three central banks that can’t seem to get it right.  (Street Sweep)

Don’t count on a smaller iPad any time soon.  (GigaOM, Daring Fireball)

The value of a liberal arts education.  (Marginal Revolution)

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