Quote of the day
Gillian Tett, “Rarely has politics seemed so crucial for investors, and yet so impotent.” (FT)
Chart of the day
An update on coal stocks. (UpsideTrader)
Strip of the day
Dogbert on venture capital. (Dilbert)
Markets
Nobody really thinks QE can give stocks much of a bump. (MarketBeat, Marketblog)
What’s a reasonable risk premium on the Global Market Index. (Capital Spectator)
Only sector is seeing higher consensus Q2 earnings. (Dr. Ed’s Blog)
The message coming from commodity futures curves. (FT Alphaville)
Whatever happened to the TED spread? (Planet Money)
Fundamentals
Five things you need to know about market liquidity. (Ivanhoff Capital)
Price has a lot of different definitions. (Jayanth Varma via Dealbreaker)
Strategy
Americans are still not saving enough for retirement. (Systematic Relative Strength)
Seriously, Americans are getting smarter with their investments. (Felix Salmon)
Why portfolio modeling is so difficult. (Rick Ferri)
Avoid promoted penny stocks with a passion. (Aleph Blog)
Companies
Given coming tax changes, a little financial engineering is in order. (WSJ)
Always follow the money: why CEOs do what they do. (Dealbook)
Finance
Libor troubles will push more companies into the bond market. (Bloomberg)
The endgame at PFG Best is not going to be pretty. (WSJ)
Opacity has been the downfall of finance. (London Banker)
Can venture capital and crowdfunding get along? (peHUB)
ETFs
The ETF Deathwatch for July 2012 has some new names. (Invest With and Edge)
The factors that affect ETF tracking error. (ETFolution)
Global
European stocks are still wicked cheap. (World Beta)
Spain has a productivity problem. (Fortune)
Economy
Misleading signals on the employment front. (Money Game)
A recession is not imminent. (dshort)
More Americans are quitting their jobs. (Real Time Economics)
Small businesses are still pretty bummed out. (Calculated Risk)
More evidence of a housing turnaround. (Bonddad Blog)
Earlier on Abnormal Returns
Pessimism and the Presidential Election Cycle. (Abnormal Returns)
What you missed in our Tuesday morning linkfest. (Abnormal Returns)
Finance media
Zack Miller talks with Hardeep Walia of Motif Investing. (Tradestreaming)
A rave review for Scott Patterson’s Dark Pools: High-Speed Traders, A.I. Bandits, and the Threat to the Global Financial System. (Points and Figures)
Mixed media
Thinking all the way through the prospects for an iPad Mini. (Daring Fireball)
Paid tweeters are the new link farmers. (Mick Weinstein)
Why you need to stop “binge watching” episodic television. (Slate)
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