This an early and abbreviated version of the daily linkfest. We will back to our normal schedule tomorrow.
Quote of the day
Jonah Lehrer, “Grit requires passion. Grit requires love. And love is just another name for what never gets old.” (The Frontal Cortex)
Chart of the day

A long term look at Apple stock price. (chessNwine)
Markets
It’s time for the US to start outperforming the rest of world. (Bespoke)
What if the stock market were a bond? (Crossing Wall Street)
Are quants driving the markets too much? (Doug Kass)
Demographic changes affect the markets through valuation. (Humble Student)
Bonds
Bond investors are reaching for duration. (FT)
10 Treasury yield=Nominal GDP. (FT Alphaville)
Demand for junk bonds has “dried up.” (WSJ, ibid)
Investment grade bonds finally crack. (StockCharts Blog)
Gold
The % drop in gold over the past two days ranks in the top 10. (FT)
The correction in gold prices was long overdue. (Pragmatic Capitalism)
Gold prices can go down. (EconomPic Data)
How do moving averages do in identifying gold market regimes? (CXOAG)
Comparing the gold ETFs. (ETFdb)
Bank of America
Why the fall in Bank of America ($BAC) is overdone. (Bronte Capital)
A look at Bank of America debt. (WSJ)
Technology
Enterprise software companies needs to “change its DNA.” (Dealbook)
Why you will use Google+ whether you want to or not. (The Next Web)
Finance
More John Paulson performance schadenfreude. (Deal Journal)
ETFs are MP3s, mutual funds are eight-tracks. (InvestmentNews)
Managed futures are bouncing back in August. (FINalternatives)
News flash. Investors want management fees to come down. (All About Alpha)
Global
Frontier markets have held up pretty well during this market decline. (WSJ)
If China goes down, it is going to take Brazil with it. (Forbes)
A tale of two PIIGs. (Calafia Beach Pundit also The Source)
Six lessons we can learn from Japan. (Curious Capitalist)
Economy
Where monetary (and fiscal) policy stand. (FT Alphaville, ibid)
Did the stimulus work? (Ezra Klein, ibid)
How the money market rescue plan worked. (Felix Salmon)
Earlier on Abnormal Returns
The ultimate Steve Jobs resignation linkfest. (Abnormal Returns)
Mixed media
Seven lessons learned from the world’s first great blogger. (Altucher Confidential)
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