Quote of the day

Michael Bigger, “Traders should focus on honing their ability to interpret vast amounts of information instead of trying to get more of it.”  (Bigger Capital)

Chart of the day

Expectations for S&P 500 implied sales growth looks extended.  (Value Expectations)

Video of the day

Ben Bernanke on 60 Minutes. (CBS News)


Don’t expect much this week in the stock market.  (Bespoke)

The many ways in which “risk on” is on.  (Humble Student also Pragmatic Capitalism)

The bond bull market is “fraying around the edges.”  (WSJ)

VIX puts are “extremely inexpensive” at the moment.  (VIX and More also Daily Options Report, My Simple Quant)

Putting some expectations on high yield bonds in 2011.  (Distressed Debt Investing also peHUB)

The case for higher milk prices.  (Minyanville)

Strategy and Tactics

Focus on the next crisis, not the last one.  (Big Picture)

Testing a large cap vs. small cap seasonality strategy.  (MarketSci Blog)

Three ideas for the underinvested.  (The Reformed Broker)

Don’t confuse a high dividend strategy with safety.  (CBS Moneywatch)

Physically-backed copper ETFs are coming. How will they affect Dr. Copper?  (AR Screencast)


Why Groupon’s decision means better times ahead for techland.  (SAI)

Be specific when you talk about “Tech Bubble 2.0”  (SAI, TechCrunch)

Let Steve Jobs & Co. worry about the Apple (AAPL) cash hoard.  (Jeff Matthews)

Fred Wilson, “I am pretty convinced we are going to see the mobile OS market split between Apple and Google, with Apple having the better business in terms of revenues and profits and Android having the bigger market share.”  (A VC)

Which will come first a white iPhone or a Verizon (VZ) deal?  (Cult of Mac, MarketBeat)

Netflix (NFLX) is now viewed as a video bigfoot.  Here comes the competition.  (WSJ, CrunchGear)

Will consolidation save the country’s two biggest booksellers?  (Dealbook, Gannon on Investing)

The many implications of Wikileaks on business.  (Douglas Tengdin)


Is private equity’s run of good luck over?  (FTfm)

We have seen this movie before. The Carlyle Group wants to go public.  (Bloomberg, Deal Journal)

Hedge funds are going retail.  (WSJ)

Compared to many CEOs, Derek Jeter’s new contract looks fair.  (Falkenblog)

Crazy story about what it takes to get a mortgage modification.  (Clusterstock)


James Hamilton, “(T)he economy is growing, but painfully slowly.”  (Econbrowser)

“Is the long information sector job drought finally over?”  (Michael Mandel)

A couple of great graphs on taxes and the deficit.  (Felix Salmon, Big Picture)

TARP succeeded in spite of itself.  (Calculated Exuberance)

What to remember from Econ 101.  (Brad DeLong)


What happens if Germany exits the Euro?  (naked capitalism)

Is the UK going to look good in comparison in 2011?  (The Source)

Can Israel slow a real estate boom without crashing the economy?  (Bloomberg)

The Fed

The Fed chairman therefore sees the glass as half empty, and is ready to expand QE if necessary. But at the moment the markets are more disposed to see the glass as half full.”  (Gavyn Davies)

Reactions to the Ben Bernanke 60 Minutes interview. (Points and Figures, Real Time Economics, Calculated Risk, NYTimes, FT Alphaville, Felix Salmon, Free exchange)

On the real costs of QE2.  (FT Alphaville)


A handful of videos with Bruce Berkowitz, Jeff Carter and David Einhorn.  (Abnormal Returns)

An interview with Eddy Elfenbein. (Pundit Review Radio)

An enthusiastic  review of Vitaliy N. Katsenelson’s The Little Book of Sideways Markets: How to Make Money in Markets That Go Nowhere.  (Reading the Markets)

Just because

Want to get some work done?  Get out of the office.  (Farnam Street)

James Altucher on the 13 ways in which giving leads to getting something back.  (Huffington Post)

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