Quote of the day
Jeff Miller, “Whether you are a trader or an investor you should have a buy and sell price for everything in your portfolio.” (A Dash of Insight)
Chart of the day
Market volatility is here to stay. (Market Anthropology)
Markets
A look at asset class performance in October. (Capital Spectator)
All or nothing days proliferate. (Bespoke)
Central banks can change everything. (StockTwitsFX, Crackerjack Finance)
Forward earnings estimates are falling. (Dr. Ed’s Blog)
Strategy
Why use book value to sort stocks? (World Beta)
Why P/E is a flawed measure. (Aleph Blog)
Real investors lag by 6%. (Falkenblog)
Why trading multiple strategies makes sense. (Tyler’s Trading)
Checking in on a TAA model for November. (MarketSci Blog)
Advisors are always on the look out for decent hedging vehicles. (Financial Adviser)
Companies
Why is Netflix ($NFLX) CEO Reed Hastings selling so much stock? (YCharts Blog)
These companies will likely raise their dividend in November. (Dynamic Dividend)
Why trying to impress Wall Street doesn’t work for companies. (HBR)
Shipping stocks are trying to make a bottom. (Dragonfly Capital)
Finance
Market volatility is good for CME Group ($CME). (WSJ, FT)
Bank of America ($BAC) reverses course on the infamous $5 debit card fee. (CNNMoney via TRB)
The Fed is looking for a new primary dealer. (MarketBeat)
At least we didn’t bail out Jon Corzine’s folly. (Business Insider, Felix Salmon)
ETFs
Vanguard is going to get into the international bond business. (Morningstar, IndexUniverse)
Active bond fund managers are not having a good year. (WSJ)
ETNs are not ETFs. (ETFTrends)
Global
Italian bond yields are soaring. (FT, MarketBeat)
Greece throws a wrench into this whole Euro bailout thing. (Buttonwood, The Source, MarketBeat, Big Picture)
Economy
The ISM Manufacturing report comes in weaker than expected. (Calculated Risk, Crossing Wall Street, Calafia Beach Pundit)
Is the next housing boom going to be a multi-housing boom? (Modeled Behavior)
NGDP targeting is hot, hot, hot with economists. (Felix Salmon, NetNet)
US political risk is back. (FT Alphaville)
A look at the US dollar risk premium. (Econbrowser)
Quantitative easing is not a 21st century invention. (Total Return)
Earlier on Abnormal Returns
A finance and economics book review bonanza. (Abnormal Returns)
What you missed in our Tuesday morning linkfest. (Abnormal Returns)
Mixed media
Two economist explain the NBA lockout. (Grantland)
Coffee is a five sense beverage. (The Atlantic)
Ranking U2’s albums. (Slate)
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