Quote of the day

Howard Lindzon, “Using calls to action in financial headlines is at best linkbaiting and at worst financially dangerous and irresponsible.”  (Howard Lindzon)

Chart of the day

How is that reverse-split working out for Citigroup (C)?  (Bespoke)


There’s always a wall of worry for the market to overcome.  (Pragmatic Capitalism)

The US dollar index is showing some life.  (Bespoke)

What is the common factor between commodities and equities?  (research puzzle pix)

There a quant explanation for commodities underperformance.  (HedgeWorld)

Trading the spread between gold and gold miners.  (Dynamic Hedge)


Tom Brakke, “Just as a fraudulent stock can cause grievous harm to a portfolio, a widely-held investment thesis gone wrong can disrupt the very nature of the investment ecosystem.”  (the research puzzle)

Cash as the ultimate diversifier.  (The Source)

It is harder to accumulate capital than it is to lose it.  (Data Diary)

The entire Jeremy Grantham ‘risk off’ letter.  (Fund My Mutual Fund, Street Sweep)


Will Whitney Tilson’s short of SalesForce.com (CRM) work out any better than his Netflix trade?  (TechInsidr)

Sears Holdings (SHLD) is a mess.  (Term Sheet)

Has Netflix (NFLX) been able to successfully transform its business?  (Megan McArdle)

Why would any one pay up for Toyota Motor (TM) shares?  (ValuePlays)


Exchange margins are not set in a vacuum.  (Points and Figures)

MIT issues a 100-year bond.  (MarketBeat)


On the dangers of the ETF-ization of everything.  (Kid Dynamite)

Commodity ETFs as warehouses for the big banks.  (FT Alphaville)

Do ETFs-of-ETFs make sense?  (IndexUniverse)

Insider trading

What’s worse:  ripping off your clients or insider trading?  (Cassandra Does Tokyo)

The implications of the Raj Rajaratnam case for Wall Street, i.e. more wiretaps.  (NetNet, NYTimes, Dealbook, WSJ)

Starbucks (SBUX) is the new hot spot of all sorts of illicit activity, including insider trading.  (WSJ)


Is the Euro priced for perfection?  (Market Anthropology)

How difficult is it to legally exit the Euro?  (FT Alphaville, ibid)

Stagflation in the UK.  (Gavyn Davies)


Weekly initial jobless claims continue to struggle to show strength in the jobs market.  (Calculated Risk, Capital Spectator)

Producer price inflation is here.  (Atlantic Business, Calafia Beach Pundit)

How much is housing holding back the economic recovery?  (macroblog)

What “demand destruction” is and more importantly isn’t.  (A Dash of Insight)

Earlier on Abnormal Returns

What you missed in our Thursday morning linkfest.  (Abnormal Returns)

Mixed media

An inside look at the inner workings of the StockTwits Blog Network.  (The Reformed Broker)

Some favorite economic blogs.  (Bonddad Blog)

A review of How to Smell a Rat by Ken Fisher. (Aleph Blog)

A review of Too Big To Fail, the movie.  (Felix Salmon)

Thanks for checking in with Abnormal Returns. For all the latest you can follow us on StockTwits and Twitter.

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.