Quote of the day
Tyler Cowen, “It’s the zombie banks that doom the current European bailout plans.” (NYTimes)
Chart of the day
On the positive correlation between inflation-indexed bonds and gold. (StockCharts Blog)
Markets
Equity market sentiment at week-end. (Trader’s Narrative, The Technical Take)
A university endowment fund that is hot on gold. (Bloomberg)
Silver vs. silver miners: a divergence. (chessNwine)
Defensive stocks are leading the market. (Dynamic Hedge, Dragonfly Capital)
A look at the performance of some VIX-based ETFs. (Quantifiable Edges)
What the bond market is signaling in regards to Greek default. (Global Macro Monitor)
Some quality data mining. (Pragmatic Capitalism)
Strategy
Do blue chips even exist anymore? (WSJ)
A look at statistics behind Dow “golden crosses.” (Portfolio Probe, The Reformed Broker)
An examination of the carry trade and momentum strategies in the currency markets. (SSRN, Kellogg)
What makes you as a trader stressed? (SMB Training)
Companies
Warren Buffett as chemicals industry baron. (Reuters)
Is Potash Corp. (POT) a “a cyclical story or a secular one?” (the research puzzle)
D-day for online poker. (Kid Dynamite, chessNwine)
Apple (AAPL) is going to build a TV. No it isn’t. (MG Siegler, Marco Arment)
Renren is going public. (IPO Home)
Finance
Felix Salmon, “We don’t need more informationally-insensitive assets, we need less of them.” (Reuters)
Goldman Sachs (GS) stock is sitting at some important levels. (Afraid to Trade)
Boutique investment banks are winning business on the back of conflict-free advice. (peHUB)
What happens to expiring options when a stock has been halted? (WSJ)
Funds
Joel Greenblatt is pushing fundamental indices. (WSJ)
On the perils of asset bloat on actively managed funds. (CBS Moneywatch)
Time for ETFs to fess up about their securities lending activities? (Securities Technology Monitor)
Economy
1Q GDP estimates continue to slide. (Economix)
Consumer prices are rising, but not for wireless services. (Calafia Beach Pundit, Mandel on Innovation)
A profile of some academic bloggers. (NYTimes)
Earlier on Abnormal Returns
Top clicks this week on Abnormal Returns. (Abnormal Returns)
Our Saturday long read linkfest. (Abnormal Returns)
ARTV on the link between mutual fund performance and your own trading. (Abnormal Returns)
Books
A rave review for Roddy Boyd’s Fatal Risk: A Cautionary Tale of AIG’s Corporate Suicide. (Bronte Capital)
Another positive review for James Valentine’s Best Practices for Equity Research Analysis. (Aleph Blog)
The big problem with Joel Greenblatt’s The Big Secret for the Small Investor. (GuruFocus)
Mixed media
Is it ‘financial advisor‘ or ‘financial adviser’? It depends. (I Heart Wall Street)
The psychology of cheating. (NYTimes)
When an alleged Ponzi scheme hits too close to home. (The Nomad Fund)
Abnormal Returns is a founding member of the StockTwits Blog Network.
