Quote of the day

Tyler Craig, “Keep in mind one can’t simply cobble together two crappy strategies and expect magic to happen.  If both strategies yield profits independently then the combination of the two has a much better chance of succeeding.”  (Tyler’s Trading)

Chart of the day

How today’s market compares to 1929.  (Political Calculations)


Freaked out investors” equals lower trading volumes.  (FT Alphaville)

Rich guys heart cash.  (Big Picture)

How selection and timing kill investor returns.  (Greenbackd)

No one seems to care about earnings beats.  (Term Sheet)

What happens after the $VIX hits a new high.  (Quantifiable Edges)


Gold is a commodity, not a currency.  (Big Picture)

Why the WTI-Brent spread is narrowing.  (Calculated Risk)

What futures are saying about gasoline prices.  (Econbrowser)


Cheap financing is making the spread between quality and junk companies even wider.  (Sober Look)

How should we assess the credit risk of state general obligation bonds?  (LearnBonds)

Personal finance

Five ways to have better financial discussions with your spouse.  (Carl Richards)

What is the optimal reporting frequency for clients?  (Nerd’s Eye View)


Facebook proxies are ramping in anticipation of the IPO.  (Phil Pearlman, ibid)

High demand from unusual areas for the Facebook IPO.  (CNNMoneyBusiness Insider)

A look at Facebook’s accounting standards.  (NetNet)

The conundrum of Facebook.  (Nancy Miller)

Three headwinds for Facebook ($FB).  (HBR)

The C-suite

Dear C-suiters: be careful what you tweet.  (WSJ)

The real failure of Jamie Dimon.  (Felix Salmon)

Companies should forbid executives from pledging shares for loans and/or margin accounts.  (WSJ)

What’s worse than fudging your resume…fudging earnings.  (Jeff Matthews)


Why we need more female traders on Wall Street.  (Time)

The Lightsquared bankruptcy is nothing if not interesting.  (Distressed Debt Investing)

How private equity squeezes costs.  (Slate)


A hitchhiker’s guide to the ETF galaxy.  (ETFdb also Systematic Relative Strength)

Be way of the idea of paying market makers of ETPs.  (Ari Weinberg)

ETFs are a double-edge sword: easy to trade but best for long term investing.  (Marketwatch)

Why is the ETF version of the Pimco Total Return fund outpeforming?  (InvestmentNews)

How a single stock can roil an ETF.  (Focus on Funds)


In the end no one really knows how a disorderly ‘Grexit‘ would affect the rest of the Europe. (FT)

How are Greece’s “new bonds” doing?  (FT Alphaville)

India’s economy is facing stagflation.  (Sober Look)


Retail sales were sluggish in April.  (Capital Spectator)

Homebuilders are getting downright giddy.  (Calculated Risk, Free exchange, MarketBeat)

Just how “great” the Great Recession was depends on your time frame.  (Liberty Street Economics)

When are homeownership rates going to bottom out?  (Sober Look)

Will labor market dropouts ever return to the workforce?  (Wonkblog)

Earlier on Abnormal Returns

Three important lessons for putting the financial odds in your favor.  (Abnormal Returns)

More on the attraction of low volatility investing.  (Abnormal Returns)

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

Ask a distinguished panel of bloggers a question: win a copy of the Abnormal Returns book. What’s not to like?  (Abnormal Returns)

Sports media

ESPN is doubling down on its ‘30 for 30‘ documentary series.  (Media Decoder)

For the Chicago Cubs to win, Wrigley Field must be destroyed.  (WSJ)

Is steroid testing working in MLB?  (Sports Page)

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.