Quote of the day
Cullen Roche, “You can’t be super bearish about bonds unless you believe in one of two scenarios – hyperinflation or booming growth. ” (Pragmatic Capitalism)
Chart of the day
Berkshire Hathaway (BRKB) stock is languishing. (MarketBeat)
Markets
The S&P 500 is nearing oversold levels. (Bespoke)
The Shanghai Composite is leading the world lower. (Data Diary)
Long term winners exist, however they are rare. (Crossing Wall Street)
What are insiders doing during the market correction. (Mark Hulbert)
Commodities have started to go their own way. (WSJ)
The dollar’s impact on stocks this month. (Bespoke)
Strategy
How letting go of a losing position can help a trader’s psychology. (Crosshairs Trader)
Stop loss orders: the debate. (Peter L. Brandt, Stock Sage)
Fees matter more than ever in a low return environment. (Morningstar)
You cannot escape risk in investing. (Systematic Relative Strength)
Mike Bellafiore, “I have often said that trading is the hardest thing most will do in the life. Respectfully, being a partner of a trading firm is much harder.” (SMB Training)
Companies
Why Apple (AAPL) is no longer the most popular stock with hedge funds. (Insider Monkey, Apple 2.0)
Zynga is coming public. (AllThingsD, Bloomberg)
Industry disruption requires both success AND failure. (Asymco)
Good luck trying to value social media stocks. (Deal Journal)
Finance
Commercial real estate is double-dipping. ( EconomPic Data)
Where is the outrage over the ‘mispriced’ Yandex (YNDX) deal? (Term Sheet)
How high frequency traders are like beautiful women. (Marginal Revolution)
Global
The strength in the Swiss franc is beginning to pinch business. (The Source, WSJ)
The UK is on the verge of a double-dip. (FT Alphaville)
Has German growth peaked? (Angry Bear, Macro Man)
China is facing a severe drought. (FT)
How well do sovereign yields line up with CDS spreads. (Political Calculations)
Economy
April durable goods orders came in under expectations. (MarketBeat, Real Time Economics, Pragmatic Capitalism)
The MIT Billion Prices Project will not replace CPI but it will make it better. (New Yorker)
Why has employment been so resistant to economic recoveries? (The Street Light)
30-year mortgages are wicked cheap. (Calafia Beach Pundit)
A sum of the evidence for the housing market. (Bonddad Blog)
How optimism can drive economic growth. (Real Time Economics)
Earlier in Abnormal Returns
What you missed in our Wednesday morning linkfest. (Abnormal Returns)
Mixed media
The true story behind HBO’s ‘Too Big to Fail.’ (ProPublica)
On the potential for ‘brain synchronization.’ (Bigger Capital)
James does not really like to talk on the phone. (Altucher Confidential)
RIP CNBC anchor Mark Haines. (CNBC)
Abnormal Returns is a founding member of the StockTwits Blog Network.
