Quote of the day

Phil Pearlman, “Outrageous predictions are used to manage impressions.  One defers responsibility if wrong and gloats incessantly if right.  It is a manipulative gambit.”  (Phil Pearlman)

Chart of the day

Is a negative divergence forming?  (Trader’s Narrative)


Technology stocks are underperforming once again.  (Bespoke)

A long term look at cyclical vs. consumer stocks.  (the research puzzle)

Margin debt is back near its highs.  (Pragmatic Capitalism)

Retail has become obsessed with the silver trade.  (The Reformed Broker)

The US dollar should be rallying, but it isn’t.  (Money Game)

What is Jim Chanos up to these days?  (Insider Monkey)


Back to cash.  (Joe Fahmy)

Olivier Tischendorf,  “Never chase.  Never force trades.” (Tischendorf Letter)

Outright vs. spread.  Depends how you look at it.  (Dynamic Hedge)

Checking in on the end of the month anomaly.  (Falkenblog)

Managers are still pining for non-transparent actively managed ETFs.  (IndexUniverse)

Vote your proxies!  (Aleph Blog)


Apple (AAPL) has a post-TV and post-PC strategy.  (SAI, Forbes)

Cisco (CSCO) starts rationalizing its consumer business by closing Flip.  (TechCrunch)

Airlines like lower oil prices.  (MarketBeat, chessNwine)


For banks QE2 never happened.  (FT Alphaville)

New rules could help disintermediate venture capitalists in the startup funding process.  (NetNet)

Roger Ehrenberg, “The current accredited investor standards are nonsensical.”  (Information Arbitrage)

Insider stuff

Why is insider trading wrong?  (Dealbook)

Why was Raj Rajaratnam willing to go to trial?  (Dealbook)

The Sokol affair seems less and less defensible.  (Clusterstock, Deal Journal)


On the currency carry trade.  (Reuters)

A fund to help you bet against Japan.  (Dealbreaker)


Small businesses are hiring but optimism dipped.  (Calculated Risk, Money Game)

Economic momentum remains positive.  (Capital Spectator)

Railroad volume is still healthy.  (Bloomberg)

Diesel fuel consumption up in February.  (Calculated Risk)

What the Fed is going to be looking for on the inflation front.  (Economist’s View also Points and Figures)

Earlier on Abnormal Returns

The hedge fund industry survived the financial crisis and is once again thriving.  (AR Screencast)

Our Tuesday morning live link look-in.  (Abnormal Returns)

Mixed media

An interview with David Winters.  (Advisor Perspectives)

Depressed traders make bad decisions.  (FINS)

Abnormal Returns is a founding member of the StockTwits Blog Network.

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.