Quote of the day
David Merkel, “In order for tail risk to be mitigated fairly, someone must keep a supply of slack high quality assets.” (Aleph Blog)
Chart of the day
Check out the reversal in high yield bond prices. (Money Game)
Markets
Equity sentiment at week-end. (Trader’s Narrative)
A couple looks at the return of fear to the VIX. (Dragonfly Capital, StockCharts Blog)
The CBOE put-call ratio is at levels not seen since last summer. (Zero Hedge)
Has the US dollar finally put in some kind of bottom? (Pragmatic Capitalism)
The Sotheby’s (BID) indicator flashes a warning sign. (Data Diary)
Strategy
The downside of allocation investing is bubbles. (Chris Dixon)
Tail risks galore. (FT Alphaville)
Example 157 why shorting stocks, even Chinese reverse merger frauds, is more difficult than going long. (Barron’s)
Some one is making a big bet on volatility. (The Reformed Broker)
Just how much upside does your floating rate fund have? (WSJ)
Technology
Apple (AAPL) could buy the mobile phone industry. (Asymco)
Does Microsoft (MSFT) need to pull an IBM (IBM)-like transformation? (NYTimes)
The haters are out on Pandora (P). (Term Sheet)
Finance
Is Berkshire Hathaway (BRKB) stock trading at a modest premium to book value a bargain? (WSJ also Aleph Blog)
Oaktree Capital Group is going public. (Dealbook)
Activist investors are circling Motorola Solutions (MSI). (Deal Journal)
Global
On the difference between fast moving and slow moving financial crises. (Felix Salmon)
Central Europe is to-date shrugging off Greece. (beyondbrics)
Economy
The Misery Index is back and at a multi-decade high. (Fortune, NetNet)
What Google (GOOG) search is telling us about a double-dip recession. (Real Time Economics)
In praise of big slug of inflation. (WSJ)
Earlier on Abnormal Returns
What you missed in our Saturday linkfest. (Abnormal Returns)
Mixed media
Bill Gurley on Twitter, Groupon and the cloud. (SAI)
Seven lessons from the really wealthy. (WashingtonPost)
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