Quote of the day
Jason Zweig, “In short, what you think about Keynes as an economic theorist should have nothing to do with the question of how good an investor he was.” (Total Return)
Chart of the day
Consumer staples are breaking out. (StockCharts Blog)
Markets
Howard Lindzon, ‘The markets are insane, hilarious, wonderful, unexpected and impossible wrapped up in magic, bullshit, pain, denial and glee.” (Howard Lindzon)
In the short/intermediate the stock market do whatever it darn well pleases. (Market Folly)
Wall Street strategists want no part of this rally. (Bloomberg)
Dividends
Dividends are making a comeback. (Crossing Wall Street also Marketblog)
Dividend stocks: just another low-beta play. (Big Picture)
Some execs accrue dividends even when they don’t own the shares. (footnoted)
Commodities
As China goes, so goes commodities. (TheArmoTrader)
Why gasoline prices are likely to continue rising. (Bespoke)
Where is Norway putting it’s oil money? (Finance Addict)
The two silver bubbles in perspective. (research puzzle pix)
Options
Not every trade can be executed with plain vanilla instruments. (Condor Options)
Options: “where traders, often possessing diametrically opposite investment objectives, come together to play.” (Tyler’s Trading)
Strategy
Looking for the middle ground in a market of extremes. (Marketwatch)
Gimmicky price targets are back. (The Reformed Broker)
Why can’t hedge funds beat a 60/40 mix? (ETF Replay)
ETFs
It’s back…the premium on $TVIX is creeping back up. (VIX and More also Adam Warner)
A serious misalignment of interest when it comes to loaning out ETN shares. (IndexUniverse)
Financial advisers
A few things to ask your not-so-independent financial adviser. (Bucks Blog)
Titles don’t mean much when it comes to financial advisers. (I Heart Wall Street)
Financial advisers are overselling their skills. (Rick Ferri)
Technology
Expect more insider selling at Zynga ($ZNGA). (Fortune)
Netflix ($NFLX) has a bit of competition problem. (MarketBeat)
Can Dropbox live up to the hype? (WSJ)
Big data is reading the news. (TechCrunch)
Carriers are once again laying down fiber optic cable. (WSJ)
Groupon
Is the JOBS Act going to lead to more Groupons ($GRPN)? (Andrew Ross Sorkin)
How Groupon got into this accounting mess. (Felix Salmon)
Henry Blodget says Groupon “investors” were warned. (SAI)
Finance
What will it take to get money out of the banks and back into money market funds? (FT Alphaville)
Don’t try this at home kids: the CFTC sues RBC over a scad of “wash sales.” (WSJ, FT)
Why financial products can’t be regulated like pharmaceuticals. (Free exchange)
How the JOBS Act might have exposed Madoff earlier. (Falkenblog)
Goldman Sachs ($GS) is on track to get sued about another mortgage bond deal gone bad. (Fortune)
Where are we in the bank re-regulation cycle? (Huffington Post)
Would you want Carl Icahn to run your company? (Justin Fox)
Economy
Americans keep on buying cars. (WSJ)
The DJ Economic Sentiment Indicator is pointing up. (Real Time Economics)
The case for overdoing stimulus. (Bloomberg also Free exchange)
Has labor market growth finally back to where it should be? (Econbrowser also Liberty Street Economics)
Earlier on Abnormal Returns
Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere is now available for the Kindle. Check it out. (Abnormal Returns)
What you missed in our Tuesday morning linkfest. (Abnormal Returns)
Financial illiteracy and the role of the financial blogosphere. (Abnormal Returns)
Mixed media
Steven Sears’ The Indomitable Investor is for long term, patient investors. (Aleph Blog)
Boiler rooms and the world of Josh Brown’s Backstage Wall Street. (Kid Dynamite)
Talking the best online brokers with Blain Reikensmeyer. (Tradestreaming)
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