Quote of the day
Cullen Roche, “In short, adapt with the adapting market or die.” (Pragmatic Capitalism)
Chart of the day
A trend undone. The huge one-day move in the Swiss franc. (Finviz)
Markets
What if the S&P 500 earns $100 in 2012… (Money Game)
The unprecedented move in Treasuries. (Investing With Options, Crossing Wall Street)
Today is shaping up as yet another “all or nothing day.” (Bespoke)
What the equity market does during periods of low nominal GDP growth. (Money Game)
Expected future dividends are coming in. (Political Calculations)
Strategy
Why and how diversification works. (Bucks Blog, CBS Moneywatch)
Using the VIX to time the stock market. (Marketwatch)
Why it is a waste of time to talk to companies. (Frank Voisin)
What impact will the move in the Swiss franc have on gold? (Kid Dynamite)
Companies
Apple ($AAPL) products are now pricing leaders as well. (SplatF)
Jeff Immelt’s tenure at GE ($GE) has been a disaster, stock price-wise. (WSJ)
Who gets hurt by a Post Office cuts? (Bloomberg)
A big gap has opened up in corporate pension plans. (Credit Trends)
The mining industry’s many failures. (WSJ, FT)
Finance
Goldman Sachs ($GS) is trading below book value. What next? (research puzzle pix)
The Carlyle Group files for an IPO. (Dealbook, 24/7 Wall St., IPO Home, Term Sheet)
It’s time to kill the IPO quiet period. (Dan Primack)
Investors have already voted in the Doubleline Capital vs. TCW battle. (Dealbook)
The gloom overhanging the banking industry. (WSJ)
In the face of financial pressure Basel 3 is already getting rolled back. (FT)
Europe
More reactions to the SNB decision to peg the value of the Swiss franc. (The Source, FT Alphaville, Macro Man, Money Game)
The Swiss choose inflation. (The Source, Buttonwood)
Should Germany kill its economy for the sake of the Euro? (FT)
Why Germany should leave the Eurozone. (Humble Student)
Is Italy in or out? (Free exchange)
Why a Eurozone breakup would be a disaster for financial markets. (Crackerjack Finance)
There is no way to invest in a breakup of the Euro. (FT Alphaville)
Global
Don’t expect Libyan oil to come back online any time soon. (FT)
Japan is the “least bad option” at the moment for investors. (FT Alphaville)
Japanese stocks are at post-quake lows. (MarketBeat)
Is the Chinese Yuan the last safe haven? (MarketBeat)
Economy
The ISM Services index came in better than expected. (Calculated Risk, Money Game)
What confidence interval should you use with the monthly non-farm payroll reports? (FiveThirtyEight)
What can the Fed do at this point? (Economist’s View)
The essential problem facing the US economy. (A VC)
Equilibrium is a fleeting ideal. (Aleph Blog)
The government’s schizophrenic approach to the banks. (Falkenblog)
Tax holidays don’t work. (Dealbook, Capital Spectator)
Politics as the achilles heel of the economy. (Market Anthropology)
Earlier on Abnormal Returns
Do you really need a custom portfolio? (Abnormal Returns)
What you missed in our Tuesday morning linkfest. (Abnormal Returns)
Some links from yesterday’s ugly start to the week. (Abnormal Returns)
Mixed media
Why eBooks work – “a radical reduction in the cost of shared knowledge.” (Jeff Matthews)
Abnormal Returns is a founding member of the StockTwits Blog Network.
