Quote of the day

Roger Ehrenberg, “Make no mistake, it’s hard to stay strong against the trend when others seem really successful and are getting all the kudos. But don’t fall prey to this dynamic. Just play your game.”  (Information Arbitrage)

Chart of the day

JPM Chart

JPM data by YCharts

Warren Buffett on the difference between JP Morgan and Wells Fargo ($WFC). (Clusterstock)


Sentiment towards the market is none too strong.  (Covestor)

Checking in on high yield bond spreads.  (Bespoke)

Use the $VIX like a barometer not a thermometer.  (Barron’s)

The case for continued volatility.  (Humble Student of the Markets)


How can investors avoid deceiving themselves?  (Jason Zweig)

James Montier on why we investors are so easily fooled by complexity.  (the research puzzle)

On the dangers of reaching for yield.  (Above the Market)


Barron’s says pass on the Facebook IPO.  (Barron’s)

The bullish case for Facebook ($FB) shares.  (Innovation Banker via GigaOM)

Facebook might not follow the typical hot IPO trajectory.  (WSJ)

The education of Mark Zuckerberg.  (NYTimes)

What Facebook says about venture capital.  (Term Sheet)


On a number of measures DISH Network ($DISH) looks cheap.  (Turnkey Analyst)

Hollywood hearts Apple ($AAPL) products. (Businessweek)

Visitors are returning to Las Vegas.  (Calculated Risk)

JP Morgan

How it is that JP Morgan ($JPM) got into this mess.  (WSJ, NYTimes)

Hedging a balance sheet the size of JP Morgan’s  is no easy task.  (Dealbreaker)

It would be nice to know what tranches JP Morgan was involved in.  (FT Alphaville)

Shouldn’t somebody lose their job in all this?  (Henry Blodget)

Hey look JP Morgan made a profit on Friday.  (Sober Look)

Warren Buffett on the difference between JP Morgan and Wells Fargo ($WFC).  (Clusterstock)


The TBTF banks now seem to be too big to manage.  (YCharts Blog)

Financial regulation should be kept simple.  (Points and Figures)

Welcome Robert Shiller to the new world of “meta-money.”  (MacroBusiness)

Crowdfunding or the rise of the “fanvestor” is a global phenomenon. (Mindful Money via @newrulesinvest)


Yet another reason to avoid leveraged ETFs.  (WSJ)

Comparing the new slew of multi-asset income ETFs.  (IndexUniverse)

One of the nice things about high dividend ETFs is that they come with lower volatility.  (AllETF)


Have the BRIC nations lost their momentum?  (Room for Debate)

Ruchir Sharma author of Breakout Nations on how to find winning emerging markets.  (Economist)

On the prospects for a Greek exit from the Euro.  (FT)

More evidence of a Chinese economic slowdown.  (Sober Look)

China’s central bank cuts interest rates.  (Reuters, NYTimes)

Earlier on Abnormal Returns

What you missed in our Saturday long form linkfest.  (Abnormal Returns)

Top clicks this week on the site.  (Abnormal Returns)

Mixed media

Why would Barron’s be more bullish in online than in print?  (Wall Street Rant)

A review of Mark Mobius’ The Little Book of Emerging Markets.  (Aleph Blog)

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