Quote of the day

Tyler Craig, “The progression of a trader isn’t measured by the number of trades, but rather the number of lessons extracted from them. ”  (Tyler’s Trading)

Chart of the day

Municipal bonds have pretty much forgotten about Meredith Whitney.  (Dragonfly Capital)

Markets

Financials for a trade.  (All Star Charts)

Bullish sentiment has rebounded but nowhere near 2011 highs.  (Bespoke)

Good luck trading corn without an edge.  (research puzzle pix)

Art sales soar.  (WSJ)

Strategy

Investors are embracing unconstrained mandate bond funds.  (Morningstar)

A review of Alexander Elder’s new book The New Sell & Sell Short.  (Stock Sage)

Check the footnotes, they often presage a deal.  (footnoted)

It’s not a deal until the papers are signed.  (Dealbreaker, BI)

Companies

What it takes for Apple ($AAPL) stock to get moving.  (Eric Jackson)

If two ConocoPhilips ($COP) better than one?  (YCharts)

What Clorox ($CLX) shareholders should do now.  (Crossing Wall Street)

Does Costco ($COST) cause inflation?  (Curious Capitalist also Bonddad Blog)

Amazon ($AMZN) is a “terrible corporate citizen.”  (TNR)

Stock price aside, what does Zillow ($Z) represent?  (Howard Lindzon)

How does this happen?  An erroneous share count for Sify Technologies ($SIFY).  (WSJ)

ETFs

Leveraged Internet ETNs coming to a trading screen near you.  (IndexUniverse, Infectious Greed)

Some innovative ETFs worth a look.  (Morningstar)

What is a “sustainable” investment mandate?  (Forbes)

Global

Eurobanks like talk of a Greek debt deal.  (Global Macro Monitor)

Yield-wise what is Italy’s breaking point?  (FT Alphaville)

Edward Harrison, “So the US crisis is a political crisis, not a solvency or even a liquidity crisis. ”  (Credit Writedowns)

Economy

Are unsellable homes holding back jobs?  (Economix)

New vehicle sales seem to be rolling over.  (FT Alphaville)

In a balance sheet recession monetary policy is, at best, a limited tool.  (Pragmatic Capitalism)

North Dakota is booming.  (Carpe Diem)

Earlier on Abnormal Returns

A trio of videos on algos, advisers and Asperger’s.  (Abnormal Returns)

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

Mixed media

James Altucher, “Never say a bad word about anyone.”  (Altucher Confidential)

Should Twitter double its character limit?  (Slate)

The Economist is killing it.  (SAI)

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