Quote of the day

James Surowiecki, “Predictions of catastrophe are understandable—the memory of the banking crisis is fresh, and it seems like poetic justice—but we’re probably not going to see apocalypse redux.”  (New Yorker)


Quantitative easing week is here.  What do markets expect?  (Planet Money, FT Alphaville, The Source)

Mark Hulbert, “In short, the riskiest stocks are dependent on the Fed being able to successfully walk an incredibly tricky tightrope.” (Marketwatch)

Option traders don’t seem to be particularly nervous going into this news-laden week.  (Investing With Options)

How “don’t fight the Fed” works in practice, i.e. through relative nominal yields.  (AR Screencast)

Alpha indices‘ for individual stocks are in the works.  (WSJ)

Taking a closer look at a gold valuation model.  (MarketSci Blog)

More on the brewing China IPO bubble.  (FT Alphaville)

iPads must really be valuable if they are specifically noted in executive compensation packages.  (footnoted)

Part one of an interview with Alice Schroeder.  (Simoleon Sense)

Strategy and Tactics

To what can we attribute the ‘death of stock picking‘?  (All About Alpha)

On the value of a low volatility approach.  (Falkenblog)

Some hints on how to trade when amateur chart readers predominate.  (Reading the Markets)

When to be wary of amateur participation in markets.  (Free exchange)

“Contrary to the belief of most amateurs, the equity curve trajectory of most successful discretionary traders is not a perfect 45 degree angle up.”  (Dynamic Hedge)

30 nuggets of stock market wisdom.  (CrossHairs Trader)


Ben Bernanke should start listening to company conference calls.  (Jeff Matthews)

The ISM Manufacturing number continues to show growth in manufacturing.  (Calculated Risk, Bloomberg, EconomPic Data, Money Game, CBP)

Where’s the bounce in income?  (EconomPic Data, Atlantic Business, Economix)

What economic indicator most affects midterm election results?  (Atlantic Business)

Economic growth seems to be picking up in China.  (Pragmatic Capitalism, Bespoke)

Although there are some worrying long term signs.  (Bloomberg, Money Game)

Off Wall Street

How much money should your start-up raise?  (Information Arbitrage)

Jonah Lehrer, “..introspection is the best predictor of good judgment.”  (The Frontal Cortex)

Google (GOOG) has a long term problem:  talent retention.  (GigaOM, SearchEngineLand)

Just Because

Happy 2nd blogiversary to Josh.  (The Reformed Broker)

Thanks for checking in with Abnormal Returns. For all the latest you can follow us on StockTwits and Twitter.

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.