Quote of the day

David Merkel, “When much money plays for the short-run, why not play for the intermediate-term?”  (Aleph Blog)

Chart of the day

Junk bond yields are plumbing new historical lows.  (WSJ)


Japanese stocks are on sale.  (WSJ, Barron’s)

Equity sentiment at week-end.  (Trader’s Narrative also Horan Capital)

The US dollar index is at three-year lows.  (StockCharts Blog)

How are sectors holding up in the correction?  (StockCharts Blog, Dragonfly Capital)

2011 is not acting like a typical pre-Presidential Election market year.  (Trader’s Narrative)

What did retail forex traders learn from the ‘wild week’ in yen trading?  (MarketBeat)


There is no such thing as a technology value stock.  (The Reformed Broker also the research puzzle)

Why do investors recoil at the idea of ‘stocks on sale‘?  (Tyler’s Trading)

Empirical evidence for investing post-disaster.  (Empirical Finance Blog)

Beware markets that have become overly correlated.  (Wired)

Backtests eventually should become forward tests.  (ETF Replay)


Traders are trying to “correlate everything against everything.”  (The Alantic via kottke, Global Macro Monitor)

Goldman Sachs (GS) is kicking Warren Buffett to the curb.  What will he do with the cash?  (Deal Journal, ibid, Fundmastery Blog)

Dividend hikes:  the results speak for themselves.  (Kid Dynamite also FT Alphaville, Atlantic Business)

Investor have like PIMCO Enhanced Short Maturity Strategy Fund (MINT) to the tune of $1 billion in AUM.  (IndexUniverse)


Is Netflix (NFLX) going to kill cable?  (TechCrunch)

Top ten signs the Valley is “going on tilt” again.  (Infectious Greed, MaskdFinancier, TechCrunch, Howard Lindzon)

The psychology behind the new New York Times paywall.  (Fast Company)


Time for the Fed to raise rates?  (Big Picture)

Can markets truly price outsized, rare risks?  (NYTimes)

Should economists disclose their outside interests?  (Economist’s View)

Earlier on Abnormal Returns

Top clicks this week on AR.  (Abnormal Returns)

Our Saturday long form linkfest.  (Abnormal Returns)

ARTV on talking your book.  (Abnormal Returns)

Mixed media

Uh oh.  Harvard MBAs are headed back to Wall Street.  (NetNet)

The law school bubble is bursting.  (Slate)

The lost art of the phone call.  (NYTimes)

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