Quote of the day

Milk Trader, “Building the model is not the difficult part. It’s analyzing the model…where things can get a little complicated.”  (Milk Trader)

Chart of the day

No wonder the big bank stocks are stuck in the mud.  Earnings expectations continue to tank.  (Bespoke)


US companies are back to their share buyback ways.  (FT, Ticker Sense)

When sovereign credit risk reigns, there are few places to hide.  (SurlyTrader)

Fed days under ZIRP.  (Bespoke)

The volatility story behind the VIX.  (FT Alphaville)

Falling oil prices have put a bid under the transportation stocks.  (MarketBeat)

Who owns the US stock market?  (Global Macro Monitor)


Is technical analysis simply momentum investing?  (Aleph Blog)

Schadenfreude is not an attractive feature for investors.  (The Reformed Broker)

Investing done right should be dull.  (Bucks Blog)

Just how hard is trading?  (Crosshairs Trader)

James Picerno, “At the very least, MPT is a useful guideline for building portfolios, managing risk, and putting the various choices in perspective.”  (Capital Spectator)

Cash to market cap was a great trade.  However how many people took it?  (Falkenblog)

Two takes on market valuation traps.  (Value Restoration Project, Pacific Capital)

Have pension funds shot themselves in the foot by trying to achieve unachievable returns?  (SSRN, Pension Pulse)


The financial stocks still represent a value trap.  (Mish)

Groupon is not going to enjoy being a public company.  (Felix Salmon)

Will there eventually be just one big, global beer company?  (Dealbook, Economist)

Hedge funds

How one manager made money off of a failed deal.  (Insider Monkey)

A number of big hedge funds are struggling, but not Bridgewater Associates.  (FT, Dealbreaker)


Who worried should we be about ETF settlement failures?  (IndexUniverse)

Stars vs. stars:  the Morningstar approach.  (Morningstar)

A neat ETF money flow visualization tool.  (Symmetric Info)


China might actually be serious about diversifying away from the US dollar.  (FT)

The bear case on Yoku ($YOKU).  (Stone Street Advisors)

More Chinese IPOs are coming down the pike.  (Forbes)

More doubts are raised about Sin0-Forest.  (FT Alphaville, ibid, Zero Hedge)

At some point the market will cull the real companies from the frauds in China.  (The Fly)


How would it work if Greece left the Euro?  (Marginal Revolution)

Why bailing out Greece is such a bad idea.  (Curious Capitalist)


The misery index illustrated.  (research puzzle pix)

The drop in commodity prices has reduced the pressure on consumers.  (Bespoke)

Household deleveraging and the housing market.  (Pragmatic Capitalism, ibid)

What exactly is the implied inflation rate derived from TIPS?  (FRBSF also All Star Charts)

The Fed did a poor job in explaining how QE2 would work.  (A Dash of Insight)

Earlier on Abnormal Returns

The market thinks the Fed is on hold. Any hint of change from the FOMC could roil markets.  (AR Screencast)

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

Mixed media

Barry Ritholtz sits down with the StockTwits crowd.  (Big Picture)

The FlyOnTheWall case shows the big banks still don’t get social media.  (Howard Lindzon)

Grilled cheese sandwiches as a technology platform.  (Bits)

Abnormal Returns is a founding member of the StockTwits Blog Network.

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.