Quote of the day
“Confidence in the American economy looks as good as it has in years, and is especially striking by comparison with the outlook across most of the world. If the recovery has taught us anything, however, it is to take nothing for granted.” (Free exchange)
Chart of the day
How much longer will the ECRI stick to it’s recession call? (dshort)
Strategy
The first rule to being an “outside investor” is to recognize that you are indeed an outsider. (Interloper)
In praise of a global dividend strategy. (OSAM via @mebfaber)
Should you diversify your momentum bets? (CXO Advisory Group)
How you know when you truly are a trader. (Brian Lund)
Another example why you should not let your political views affect your investing. (Crossing Wall Street)
Companies
Green Mountain Coffee ($GMCR) has likely lost is momentum for good. (Herb Greenberg)
Homebuilder stocks continue their run. (MarketBeat)
How Dan Loeb would revitalized Yahoo! ($YHOO). (Dealbook)
Finance
Ray Dalio on why the deleveraging in the US is superior. (Clusterstock)
The tech IPO window is open for now. (Term Sheet also Bespoke)
Charles Schwab ($SCHW) is getting into the actively managed ETF game. (IndexUniverse)
Energy
MLP issuance is on a tear in 2012. (FT)
US coal is under pressure from natural gas, and natural gas is under pressure from warmer temperatures. (Sober Look, FT)
Colombia is the new Brazil, oil-wise. (beyondbrics)
Global
Chinese inflation cools. (FT)
China’s yield curve is inverted. (Sober Look)
India looks to monetary easing to boost the economy. (beyondbrics)
Spain has already got a budget deficit problem with Brussels. (WSJ)
The underlying tension that still hangs over Greece. (Felix Salmon)
A lot of (virtual) ink was wasted on a country that barely rates in the global economy. (The Reformed Broker)
The economic gap between the US and Europe is growing. (NYTimes)
Economy
Another good payroll report means a real economic recovery is here. (Calculated Risk, Daniel Gross, Bonddad Blog, EconomPic Data, Capital Spectator, Real Time Economics, Economist’s View)
State and local austerity is coming to an end. (Money Game)
Why didn’t the unemployment rate drop? (Real Time Economics, The Atlantic)
Despite good jobs growth, 1Q GDP estimates are getting revised lower. (Real Time Economics)
America needs a “good legal spring cleaning.” (The Atlantic)
Earlier on Abnormal Returns
Why the fund industry is pushing into active ETFs, because that is where the (higher) fees are. (Abnormal Returns)
What you missed in our Friday morning linkfest. (Abnormal Returns)
Mixed media
The best trading books (with an emphasis on options). (Investing With Options)
Happy second blogiversary! (Stock Sage)
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