Quote of the day

Alen Mattich, “When you buy commodities, you’re shorting human ingenuity.”  (The Source)

Chart of the day

One ugly chart:  two years of the iPath S&P 500 VIX Short-Term Futures ETN (VXX).  (VIX and More)

Markets

How much does Egypt matter if the stock market is up today?  (Mean Street)

Frontier market hype aside, the Middle East is still not investable.  (Herb Greenberg)

Creation of Market Vectors Egypt Index ETF (EGPT) shares are halted.  (IndexUniverse)

The Suez is not why oil is at $100 a barrel.  (FT Alphaville)

Strategy

Who cares what the stock market did today?  (Bucks Blog)

Kathleen Gaffney and Martin Fridson talk bond strategy with Consuela Mack.  (Wealthtrack)

Companies

Ship owners (and builders) didn’t learn the lessons of the credit crisis.  (The Source)

The risks surrounding Demand Media (DMD).  (The Reformed Broker)

Erick Schonfeld, “A digital magazine or newspaper should feel like a media app, not like a PDF viewer.”  (TechCrunch)

Finance

The 2015 banking crisis foretold.  (FT Alphaville, Bloomberg)

Abby Joseph Cohen in the hot seat.  (Dealbreaker)

Economy

The Chicago PMI came in hot.  (Bloomberg, Bespoke)

Help wanted ads surge.  (ValuePlays)

Is the rise in the personal savings rate over?  (Calculated Risk)

Tyler Cowen on our economic plateau and what we can do to get off of it.  (Real Time Economics, Ezra Klein)

A self-sustaining economic recovery is still dependent on an external re-balancing.  (Economist’s View)

A decade of gains in home ownership are gone.  Where will the rate bottom?  (Calculated Risk)

Also on Abnormal Returns

Good times for Exxon Mobil (XOM) means tougher times ahead for the consumer.  (AR Screencast)

Our Monday morning link look-in.  (Abnormal Returns)

Errata

Eat fish (oil). (Scientific American)

Eight alternatives to college.  (Altucher Confidential)

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

More Posts This Week

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.