Quote of the day
DH, “The story is the same as it’s been for a while: we’re in a bull market that no one believes in.” (Dynamic Hedge)
Chart of the day
The long bond stubbornly refuses to sell off despite all the haters. (chessNwine, Big Picture)
Markets
2012 year-to-date country stock market returns. (Bespoke)
Why so many “smart” investors have missed this rally. (Barron’s)
The stock market wants to see further jobs growth. (Money Game)
A look at the “megaphone” the S&P is putting in. (Market Anthropology)
A look at recent strength in the health care sector. (A Dash of Insight)
Commodities
The oil-to-natural gas ratio has long since lost its informative power. (The Reformed Broker)
The drive to commoditize diamonds. (NYTimes)
Companies
It’s not just tech companies that disdain their own shareholders. (YCharts Blog)
Why Facebook ($FB) terrifies Google ($GOOG). (ReadWriteWeb)
Finance
Wells Fargo ($WFC) has an appetite for assets Euro banks are looking to shed. (Deal Journal)
Switzerland all of a sudden has made itself a lot less hospitable toward hedge funds. (FT)
The human factor: on the rise of angel investing. (Dan Ramsden)
ETFs
Seriously, ETNs are not ETFs. (Jason Zweig)
The ETF Deathwatch for April continued to grow. (Invest With an Edge)
Global
China has widened the trading bands for the renminbi. (Sober Look, NYTimes)
The path for Spain is clear: it is headed for a bailout. (Economist Meg)
What might drive Germany from the Euro first? (MarketBeat)
What can the periphery learn from Germany? (Economist)
The human cost of the economic crisis in Europe. (NYTimes)
Economy
How student loans could be an indefinite drag on the economy. (Barron’s)
Fed doves are unwilling to push their case. (Tim Duy)
Why household formation has slowed. (Sober Look)
The higher education system is one of the great success of federalism. (Marginal Revolution)
The case for federalism. (Greg Mankiw)
Real estate
Anecdotal evidence that the New York City real estate market has turned. (NYTimes)
Will people start moving back to the exurbs? (Wonkblog)
Earlier on Abnormal Returns
What you missed in our Saturday long form linkfest. (Abnormal Returns)
Top clicks this week on the site. (Abnormal Returns)
Creativity
How to have great ideas. (Altucher Confidential)
All artists are self-taught. (Seth Godin)
Always be posting: a good primer on how to blog. (BoingBoing)
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