Quote of the day
Joshua Foer, “Experts have one thing in common..They all crave feedback.” (The Atlantic)
Chart of the day
The US dollar is trying to make a stand. (The Technical Take)
Markets
QE3 anyone? Short term Treasury rates have plunged. (Crossing Wall Street)
Muni bonds now trading above their 200 day moving average. (Bespoke, Breakingviews)
Do junk bonds have more room to run? (Street Sweep)
Relative yields and the value of the US dollar. (Calafia Beach Pundit)
Strategy
Jeremy Grantham is having a hard time finding cheap asset classes. (Credit Writedowns)
If past is prologue, how much more room silver has to bounce. (Market Anthropology)
Seth Freudberg, “Assume you know what is going to happen next in the market at your own peril.” (SMB Training)
We should envy the trader who has experienced losses. (Tyler’s Trading)
Companies
With a dividend hike Intel (INTC) is now a high yielder. (MarketBeat)
How to buy Apple (AAPL) volatility. (Investing With Options)
Why is AIG (AIG) selling shares before the Feds? (Kid Dynamite)
How companies like UPS (UPS) are getting more efficient. (Money Game)
Why is Steve Ballmer still CEO of Microsoft? (Deal Journal)
Warren Buffett would not approve of the Skype acquisition. (Jeff Matthews)
Funds
Russell is getting into the active ETF of ETFs business. (IndexUniverse)
Investors who don’t pay attention to their accounts could be getting ripped off by their brokers. (Felix Salmon)
Finance
Raj Rajaratnam guilty on all counts of insider trading. (Dealbook, Daniel Gross)
The SEC just made it more difficult to invest in hedge funds and the like. (Forbes)
For banks commodities are the new subprime. (Bloomberg)
Why can’t anybody just go public these days without locking up the votes in a dual-class structure? (Dealbook also ROI, NetNet)
Global
Martin Wolf on why Greece should restructure its sooner rather than later. (Daily Ticker)
The Euro isn’t paying enough attention to Greece. (The Source)
How one could restructure Greek debt without blowing up the banks. (Project Syndicate via Pragmatic Capitalism)
On the prospects for stagflation in China. (Zero Hedge, Free exchange, FT Alphaville)
Economy
Higher oil prices pushed the trade deficit higher in April. (Bloomberg, Atlantic Business)
Diesel consumption remains well below 2007 highs. (Street Sweep, Global Economic Intersection)
Job openings back at 2008 levels. (Calculated Risk)
Earlier on Abnormal Returns
The Skype acquisition is just another example of playing catch-up and malinvestment at Microsoft (MSFT). (AR Screencast)
What you missed in our Wednesday morning linkfest. (Abnormal Returns)
Mixed media
Deal quality is dropping at Groupon. (Megan McArdle)
Happy first blogiversary! (chessNwine)
Abnormal Returns is a founding member of the StockTwits Blog Network.
