Quote of the day

Jeff Miller, “Ask not what some pundit thinks should happen.  Ask instead what is most likely to happen.”  (A Dash of Insight)

Chart of the day

Muni bonds did not read from the Meredith Whitney playbook.  (MarketBeat)


Does Time’s choice of “The Protesters” point to equity gains in 2012?  (Minyanville)

An old school model that points towards equity market gains in 2012.  (Mark Hulbert)

Gold is having an identity crisis.  (WSJ)

A look at analyst ratings.  (Bespoke)

Peter L. Brandt, “There is an enormous difference between a market opinion and a market position”  (Peter L. Brandt)


Are Treasuries still a safe haven?  (Total Return, Random Roger,

Are Treasuries a crowded trade?  (Humble Student of the Markets)


Ten OUTRAGEOUS predictions from Saxo Bank for 2012.  (The Reformed Broker)

Two reasons why the five reasons to ignore top ten lists are in error.  (Above the Market)

5 reasons to safely ignore ‘top 10 stocks for 2012‘ listicles.  (Abnormal Returns)


CEOs of startups like Zynga ($ZNGA) don’t need an IPO to cash out these days.  (WSJ, Dealbook)

The outlook for Yahoo! ($YHOO).  Meh.  (SAI)

Everything is smaller in Texas?  The Apple A5 chip is made in Austin.  (Reuters)

The fracking revolution is likely to cause a boom in pipeline building for the likes of Kinder Morgan ($KMI).  (NYTimes)


Rogue traders don’t like to go on vacation.  (Marketplace)

E-Trade ($ETFC) joins the commission-free ETF trading game.  (ETFdb)

Scott Bell, ” It’s time for the 1% to act like a caring older brother instead of a punk bully punching us in the arm every chance they get.”  (I Heart Wall Street)


Europe is the center of distressed debt investing at the moment.  (FT)

The ECB backdoor bailout.  (Modeled Behavior, Marginal Revolution)

Can London maintain its position as a financial center?  (Fortune)

The bloom is off the Asian real estate boom.  (WSJ)


Is 400,000 still the number to pay attention to for weekly jobless claims?  (Real Time Economics also macrofugue)

Welcome back to the age of shorter business cycles.  (FT Alphaville)

Earlier on Abnormal Returns

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

Mixed media

Life goes by pretty fast.  “So pay attention.”  (@dinosaurtrader)

Lessons learned from a year of poker playing.  (Altucher Confidential)

The world needs more “crazy billionaires.”  (Fortune)

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.