Quote of the day

Eduardo Porter, “Finance will not be tamed by tweaking the way bankers are paid. But bankers’ pay could be structured to discourage wanton risk taking.”  (NYTimes)

Chart of the day

Equity sentiment at week-end is bullish to say the least.  (Trader’s Narrative )


The bears have capitulated.  (Business Insider, Big Picture)

More takes on the elevated state of equity sentiment. (The Technical Take, Fund My Mutual Fund)

Are extremely bullish sentiment numbers a cause for concern?  (Pragmatic Capitalism, NYTimes)

The growing breadth divergence.  (Afraid to Trade)

Americans kept withdrawing money from equity mutual funds in 2010.  (NYTimes, Zero Hedge)

Why Apple (AAPL) continue to trade cheaply based on its growth rate.  (Asymco)

Strategy and Tactics

“Take some time between now and the end of the year to find out what worked and what didn’t.” (Attitrade, TRB)

Investment pundits should put their money where their mouth is.  (MarketSci Blog)

How to best use StockTwits.  (Trade to learn)

Should socially responsible investment funds consider a company’s track record of layoffs?  (Chicago Tribune)


Meredith Whitney and power of attention.  (Business Insider)

Will the rest of Wall Street follow Goldman Sachs (GS) on bonuses?  (Reuters Breakingviews)

Five financial headlines investors should wish for in 2011.  (Reuters Breakingviews)

Can Wall Street transform sports betting?  (Dealbook)


US consumers still need time to rebuild their balance sheets.  (Global Economic Intersection)

Rail trafffic is growing, albeit slowly.  (Pragmatic Capitalism)

Social tensions are brewing in Germany despite a strong economy.  (NYTimes)

China’s central bank raised interest rates again.  (FT, NYTimes, Bloomberg)

Just because

Things James Altucher refuses to worry about in 2011.  (Altucher Confidential)

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.