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There is a huge disconnect between earnings yields and Treasury yields. (SurlyTrader, Lex)
The non-financial Dow component P/E ratios, excluding cash. (EconomPic Data)
Long/short equity hedge funds are getting crushed in this environment. (Dealbook, WSJ)
Retail trading has boomed as the market tanked. (WSJ)
Exchanges are doing record volumes. (FT)
Don’t count on backwardation in the VIX futures curve to continue. (VIX and More)
How to recover from trader burnout. (Attitrade)
What did Bank of America ($BAC) accomplish with its conference call? (Term Sheet)
Rumors aside, the funding stress in Europe is getting worse. (FT Alphaville, ibid)
Low short term interest rates for longer=lower long term interest rates. (Freakonomics)
Why bond investors continue to bid up bonds. (Buttonwood)
The Yuan hits a record high. (Bloomberg)
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