Quote of the day

Vitaily Katsenelson, “You may think you’re able to filter the noise. You cannot; it overwhelms you. So don’t fight the noise — block it. Leave the television off while the markets are open…”  (Institutional Investor)

Chart of the day

A look at Apple ($AAPL) stock going into the iPhone 4S announcement.  (All Star Charts)


Welcome to the new, new bear market.  (Credit Writedowns, Money & Co.)

Rydex traders are very anxious.  (Hays Advisory via @CapitalObserver)

Why oil supplies are getting draw down.  (FT Alphaville)

Good news!  Food prices should come down.  (Bonddad Blog)

Why munis are doing better than most expected.  (MarketBeat)


How P/E ratios respond to real interest rates and inflation rates.  (World Beta)

Most investors would be happy to “smooth things out” a little bit.  (Random Roger)

On the (in)accuracy of expert forecasts.  (Larry Swedroe)

Remember the $VIX is not predictive.  (Dynamic Hedge)

Must reads

The markets are coming to a head in the “season of the witch.”  (The Reformed Broker)

Barry Ritholtz, “Investors do not really have a clear idea of how healthy any of these banks truly are. ”  (Big Picture)

This kind of market brings out the worst in traders.  (chessNwine)


Why the iPhone announcement matters.  (SplatF, ibid)

Rumors of bankruptcy run fast and loose these days.  (24/7 Wall St. also Fortune)

Still hard to see much value in GE ($GE).  (Turnkey Analyst)

Four companies with mega-dividends.  (YCharts Blog)


High frequency trading is set to get even faster.  (New Scientist via naked capitalism)

Tail risk‘ hedge funds are having a hard time finding cheap hedges. (FT)

On the risk of unconventional hedges.  (FT Alphaville)

Hedge funds pay good money to know what is going on in Washington.  (WSJ)

A look at mutual funds that will be able to shelter capital gains for some time to come.  (Morningstar)

The risk of US banks:  the CDS edition.  (SurlyTrader)

Low interest rates and the pension funding gap.  (Buttonwood)

On the rise of the young, connected, blogger/VC.  (Term Sheet, ibid)


Do we really need more ETF/ETN closures?  (ETFdb)

Why complicate things with so-called “inflation ETFs“?  (IndexUniverse)

Another way to trade the renminbi.  (IndexUniverse)


Toe-dipping in the emerging markets.  (Bloomberg)

Is Dexia the new Bear Stearns?  (FT, Dealbook, Curious Capitalist)

More on the China “soft landing.”  (FT Alphaville)


Finally some good political news.  Three trade pacts go before Congress.  (NYTimes)

A tax repatriation holiday is not going to create any jobs.  (Real Time Economics)

Rent vs. buy:  stuck in the middle.  (The Atlantic)

The economies of 2008 and 2011 look very different.  (Crackerjack Finance)

The two recessions facing the US economy.  (Modeled Behavior)

Earlier on Abnormal Returns

99% of people don’t want to trade.  (Abnormal Returns)

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

Mixed media

Why some people learn faster – they learn from their mistakes.  (The Frontal Cortex)

Abnormal Returns is a founding member of the StockTwits Blog Network.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.