Quote of the day

Hunter, “Know that you can’t catch the bottom, but don’t let that stop you from doing the hard work, collecting your facts, and doing your due diligence.”  (Distressed Debt Investing)

Chart of the day

How a reversal in Amgen ($AMGN) might work out.  (StockCharts Blog)


Positive breadth is now non-existent.  (Bespoke)

Putting the current pullback into perspective.  (VIX and More)

Muni bonds are “fully participating” in the Treasury rally.  (Bond Buyer, Money & Co.)

An inter-market look at stocks, bonds, gold and the US dollar. (Afraid to Trade)

What happens historically after a big market crack.  (World Beta)

Preferred stocks are not immune from the selloff.  (Bespoke)


Protect your emotional capital as well as your financial capital.  (Tickerville)

Respect risk, cut your losses.  (Joe Fahmy)

Bottoms are a process not a one-day event.  (Mark Hulbert)

401(k) investors:  avoid complexity. (Aleph Blog)

How does some one out of the market get back in?  Buy one stock.  (A Dash of Insight)

The Gary Shilling Portfolio is built for deflation.  (Pragmatic Capitalism)

Hedge funds

John Paulson is having a rough summer, gold aside.  (Dealbook, Deal Journal)

It’s hard to trade when you can’t access your prime broker’s system.  (NetNet)

Bill Ackman was a big winner in the Kraft ($KFT) breakup.  (Deal Journal)


The bull case for Apple ($AAPL).  (Tech Trader Daily)

LinkedIn ($LNKD) reports earnings for the first time as a public company.  (Bloomberg, SAI, The Tech Trade)

CEO James Gorman thinks Morgan Stanley ($MS) is buy.  (Dealbreaker, Deal Journal)

The rail car business is picking up.  (WSJ)


Foreign bond ETFs are getting very country specific these days.  (IndexUniverse)

A cautionary word about emerging market bond valuations.  (IndexUniverse)

Don’t look to traditional equity mutual funds to be a net buyer of stocks.  (research puzzle pix)


Europe 2011 is 2008 all over again.  (FT, Fortune)

The market isn’t happy with the ECB’s bond buying.  (The Source)


A look at the better than expected NFP numbers.  (Calculated Risk, Daniel Gross, CBS Moneywatch, Free exchange, EconomPic Data, Curious Capitalist, Calafia Beach Pundit, Real Time Economics)

It is time for negative interest rates to get liquidity moving.  (FT Alphaville)

The stock market vs. the economy.  (Felix Salmon)

Earlier on Abnormal Returns

Too much is never enough for the ETF industry.  (Abnormal Returns)

What you missed in Friday morning’s big linkfest.  (Abnormal Returns)

Mixed media

Working through the mortgage refi decision process.  (Megan McArdle)

Instagram is the next great social network.  (SplatF)

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.