Quote of the day
David Blair, “We all want certainty both in and outside the charts. Problem is certainty is nothing more than hope wrapped in expectation.” (Crosshairs Trader)
Chart of the day
Netflix ($NFLX) stock is still getting crushed. (MarketBeat)
Markets
Should Dr. Copper have his license revoked? (Minyanville also Big Picture)
Why Americans have tuned out the stock market. (The Reformed Broker)
Why aren’t earnings estimates coming down? (Castellano)
The two-phases of the market decline. (Investing With Options)
Bullish sentiment remains subdued. (Bespoke)
Strategy
We have low volatility ETFs, why not a minimum variance portfolio ETF? (Crossing Wall Street)
A short selling checklist. (The Pivotal Point via @financetrendsmatter)
Large caps crush small caps in October. (MarketSci Blog)
How our minds deal with gains and losses differently. (CXO Advisory Group)
Companies
What the new ‘Buffett put‘ means. (Bloomberg also Humble Student)
Meg Whitman is starting with a very low hurdle at Hewlett-Packard ($HPQ). (research puzzle pix)
Comparing the top lines at Apple ($AAPL) and Microsoft ($MSFT). (Asymco)
The long-term threat to Oracle ($ORCL) – startups don’t use them. (SAI)
Does Eddie Lampert have a new plan for Sears Holdings ($SHLD)? (Peridot Capitalist)
Finance
US and Euro banks are trading in step with each other. (FT Alphaville)
Is 7.75% a reasonable return expectation for a large (CALPERS) size pension fund? (MarketBeat)
Money market mutual funds are still in need of reform. (WSJ)
More good advice on finding a job in finance. (Aleph Blog)
Global
The BRIC economies have rolled over. (Pragmatic Capitalism)
If Japan is a “safe haven” what does that say about the rest of the world? (WSJ)
Estimating the cost of the Eurozone bailout. (The Street Light Blog)
Spain, Italy and France kindly request you not short their banks. (FT, FT Alphaville)
Economy
Good news Thursday: initial unemployment claims down, GDP up. (Calculated Risk, Crossing Wall Street)
Rail traffic continues higher. (ValuePlays)
American businesses are adding capital not labor. (Real Time Economics)
The US Treasury is taking advantage of Operation Twist. (The Atlantic)
In praise of monetary cranks. (Capital Spectator)
A way to look at capital goods intensity. (Modeled Behavior)
We have two very different recessions at the moment. (Seth Godin)
Earlier on Abnormal Returns
More links on the Amazon Kindle Fire launch. (Abnormal Returns)
Welcome our new robot linkfest overlords. (Abnormal Returns)
What you missed in our Thursday morning linkfest. (Abnormal Returns)
Mixed media
Business Insider and the issue over-aggregation. (Felix Salmon, BI)
The historic Red Sox collapse. (FiveThirtyEight, Grantland)
Happy National Coffee Day! (LiveScience)
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