Quote of the day

Derek Hernquist, “The common element I seek to emulate from winners boils down to one thing…a complete commitment to process.”  (Derek Hernquist)

Chart of the day

Market leader McDonalds ($MCD) is rolling over.  (MarketBeat, chessNwine, 24/7 Wall St.)

Markets

Are the markets in a repeat of the 1970s?  (Behind the Headlines)

We are living in the midst of a massive “positive feedback loop.”  (SurlyTrader)

The most important rule in investing:  surviving to invest another day.  (World Beta)

Don’t put too much stock in junk bonds as a leading indicator.  (FT Alphaville)

Why Apple ($AAPL) went up after Steve Jobs retired.  (Asymco)

Companies

What is Sunoco ($SUN) worth if it is broken up?  (Bloomberg)

Lowe’s ($LOW) is cheap.  (Frank Voisin)

Solar stocks are “so bad, they’re good.”  (chessNwine)

Twitter is an “information company, not a social network.”  (GigaOM also A VC)

ETFs

Comparing two agriculture ETPs.  (IndexUniverse)

VIX futures ETN overload.  (IndexUniverse)

How much gold is traded per day?  (FT)

Money management

Millenium Management is doing just fine thank you.  (Dealbook)

Money managers should eat their own cooking. (Aleph Blog)

Diary of a new mutual fund manger.  (Quint Tatro)

On the difference between survival and success in the investment business.  (Above the Market)

Finance

Would more IPOs actually lead to more jobs?  (footnoted)

The ugly month in hedge fund returns.  (MarketBeat)

In defense of high frequency trading.  (Fortune)

Global

A nice summary of the situation in Europe.  (Economist)

Can the SNB on its own keep the franc pegged to the Euro?  (WSJ)

Economy

More jobs plan feedback. (Freakonomics, A Dash of Insight, Felix Salmon , Modeled Behavior)

Should the Fed target unemployment (or higher inflation)?  (Free exchange, Project Syndicate)

The ECRI WLI continues to weaken.  (MarketBeat)

Everyone besides students is deleveraging.  (EconomPic Data)

Earlier on Abnormal Returns

Is John Bogle a dinosaur?  (Abnormal Returns)

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

Mixed media

Check the CEO’s “facial width-to-height ratio” before investing.  (Moneyland)

What the publishing industry can do to compete in a digital age.  (Economist)

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