Quote of the day

Josh Brown, “The Bond King hates bonds.  What more do you need to hear?”  (The Reformed Broker)

Chart of the day

Source:  Atlantic Business

Markets

A market breadth divergence is setting up.  (Bespoke)

Where did all the bears go?  (Pragmatic Capitalism)

Paul Vigna, “The constant drum-beat of people telling you to buy stocks should be a big, red, flying flag, and when USAToday, of all non-business media outlets, is getting in on the drumbeat, you know this song’s getting tired.”  (DJ Market Talk)

Bullish sentiment among newsletter writers is now “disturbingly high.”  (Marketwatch)

What to make of the rally in nuclear energy-related stocks.  (A Dash of Insight)

Strategy and Tactics

The new CWS buy list is out.  (Crossing Wall Street)

Buy TBT.  (Falkenblog also The Technical Take)

How the ‘smart money’ has been playing the bull market in gold.  (MarketBeat)

Howard Marks on the credit cycle and where we stand now.  (Abnormal Returns)

An interview with Vitaliy Katsenelson author of The Little Book of Sideways Markets. (Wall St. Cheat Sheet)

Companies

Four principles for investing in insurance stocks.  (Aleph Blog)

The St. Joe Company (JOE) is the “definition of a battleground stock.”  (Market Folly also Fortune Finance)

Mark Sebastian, “AAPL 30-day implied volatility (IV) is sitting not on 52-week lows, but five-year lows.” (TheStreet)

John Hempton takes a skeptical look at another recent Chinese IPO.  (Bronte Capital)

The magazine cover indicator applied to Facebook.  (Big Picture)

Amazon (AMZN) is having a hard time making headway against iTunes despite much lower prices.  (WSJ)

Finance

The Build America Bond program may be ‘reincarnated.’  (Bloomberg)

Take a look at the high yield “maturity wall” that is looming.  (FT Alphaville)

Can you have insider trading on legal claims?  (Felix Salmon)

Who is going long on volatility?  (Marginal Revolution)

Leading Economic Indicators

Kelly Evans, “Green shoots are sprouting like weeds.”  (WSJ)

The ECRI WLI hits a 29-week high.  (ECRI)

The Conference Board LEI show the economy is on firmer ground.  (Atlantic Business, Carpe Diem, EconomPic Data)

Economy

Putting the good news for the economy in perspective.  (Economix)

The personal income rebound is geographically widespread. (EconomPic Data)

Rail traffic continues to improve.  (Pragmatic Capitalism, Carpe Diem)

Why the initial claims data matters.  (Mark Thoma)

Some good charts of the plight of the 99-ers.  (Real Time Economics)

Sub-5% mortgages are history.  (WSJ, SurlyTrader)

Richard Florida, “The great housing reset is far from over; the U.S. housing market will continue to adjust for years to come. ”  (The Atlantic)

Absent a Euro break-up, the search for the new Deutsche mark.  (The Source)

Just because

A glimpse of the future today:  the Word Lens visual translation app.  (Quest Visual via Daring Fireball)

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