Quote of the day
Annie Murphy Paul, “Research suggests we should be cautious in modeling ourselves after extraordinary performers or adopting their much-praised methods; these paragons may offer less wisdom than they promise.” (Time)
Chart of the day
Is Dell ($DELL) is a classic value trap? (Crossing Wall Street)
Markets
Companies have been guiding down expectations heading into earnings season. (Money Game)
This will not end well: anxious investors are day trading their retirement accounts. (LATimes)
Why acquisitions made out of desperation rarely work out. (research puzzle pix)
Beware the jargoneer. (The Reformed Broker)
Emerging market bonds
Emerging market debt ETFs now come in all sorts of flavors. (IndexUniverse)
What are the true risks of emerging markets debt? (InvestmentNews)
Strategy
Ten reasons to like stocks for the second half. (The Reformed Broker)
Investor error #9: chasing past performance. (Big Picture)
Make sure you need the financial advice you are paying (high) fees for. (Big Picture)
Bank employees lost on company stock held in their 401(k)s. (Bloomberg)
How one trader got his start. (The Minimalist Trader)
Finance
What you need to know about the Libor scandal. (Finance Addict)
Who are the victims of the Libor scandal? (Planet Money)
Hedge funds
Can an algorithm detect hedge fund fraud? (FT)
The potential upshot of hedge fund advertising. (Huffington Post)
Mutual funds
Target-date funds are all managed differently. (WSJ)
The once hot Bridgeway funds are attempting a performance comeback. (WSJ)
ETFs
There is no shortage of high yield bond fund ETFs these days. (ETFdb)
Making some market neutral bets using ETFs. (SmartMoney)
Global
Why the Euro is likely to continue to fall. (FT Alphaville)
Denmark has a capital inflow problem. Can negative rates help? (FT Alphaville)
Central banks need to lose their inflation fighting credibility. (The Source)
One reason why the US economy is outpacing Europe. (MarketBeat)
Economy
Why high corporate profit margins are here to stay. (Minyanville)
On the prospects for further QE from the Fed. (Tim Duy)
Companies are showing no signs of slowing temp hiring. (Sober Look)
Earlier on Abnormal Returns
What you missed in our Monday morning linkfest. (Abnormal Returns)
Mixed media
Three reasons rich kids hate their parents. (USA Today via TRB)
Why we can’t help but reciprocate. (Dan Ariely)
There’s way too much e-mail going around. (Bits)
What’s going to happen to the Wall Street Journal post-split? (Forbes)
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