Quote of the day
Eli Radke, “In the end, the most successful traders take, buy, or build a process and make it their own.” (TraderHabits)
Chart of the day
A motley crew of market leaders. (StockCharts Blog)
Markets
How sectors are breaking down this earnings season. (Bespoke, ibid)
Transport stocks are back at new highs. (MarketBeat)
The Shanghai Composite is rolling over again. (Bespoke)
Metals
Volume and the iShares Silver ETF (SLV). (Tyler’s Trading)
Growing bullish sentiment towards gold. (Trader’s Narrative)
What is the right way to trend the end of a parabolic move? (Market Anthropology)
More silver facts and fictions. (Kid Dynamite)
David Weidner, “Gold looks good and does nothing.” (Marketwatch)
Strategy
“Trading is about making thousands of small decisions.” (Dynamic Hedge)
How to trade before earnings releases. (Joe Fahmy)
In defense of Jeremy Grantham’s views on the resource economy. (Gregor Macdonald)
When algos go wrong. The case of book prices. (FT Alphaville)
Research
Investors have forgotten about accounting quality. (Aleph Blog)
Should we get excited about analyst-run mutual funds? (the research puzzle)
An explanation why stock correlations increase in a down market. (SSRN via CXOAG)
Research continues into the information content of tweets. (Empirical Finance Blog)
Technology
Surprising facts about Apple’s (AAPL) cash hoard. (Asymco)
If Android tablets take off these component manufacturers could benefit. (Tech Insidr)
Microsoft (MSFT) vs. Cisco (CSCO): which is cheaper? (GuruFocus)
Funds
An agricultural ETF of ETFs. (IndexUniverse)
An investment grade floating rate bond ETF. (ETFdb)
Finance
The credit markets aren’t doing what they are supposed to do. (Baseline Scenario)
On the “self-reinforcing cycle” of lower banker pay. (WSJ)
Hard to increase bank earnings if your loan balances continue to decline. (Bloomberg)
The NYSE doesn’t necessarily follow its own “good business practices.” (Dealbook)
Economy
Why the situation in Europe is more perilous than the currency lets on. (Confessions of a Macro Contrarian also EconomPic Data, Free exchange)
What Bernanke should say at his press conference. (Gavyn Davies)
Home prices are likely to make new lows. (Calculated Risk, Big Picture)
On the challenges of including house prices in measures of consumer inflation. (Modeled Behavior)
The new post-ownership society. (Atlantic Business)
Thinking about slapping a “Fair Trade” label on this blog. (Ideas Market)
Earlier on Abnormal Returns
Despite talk of weakness in the US economy cyclical companies are doing well this earnings season. (AR Screencast)
Our Tuesday morning linkfest. (Abnormal Returns)
Mixed media
Scott Bell, “The world is about to become a giant affiliate.” (I Heart Wall Street)
100 rules for entrepreneurs. (Altucher Confidential)
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