I’ve gotten a number of requests of late about how to sign up for Abnormal Returns daily e-mails. All you need to do is go here, enter your e-mail address and respond to the confirmation e-mail. Hope this helps.

Quote of the day

Brian Lund, “Trading is a tough game and you will get the crap kicked out of you more than your fair share of times.  And you will fail, oh boy will you fail.”  (Brian Lund)

Chart of the day

We are in the midst of a third recession scare.  (Short Side of Long)


Hugh Hendry thinks we are in the midst of a 1930s sort of scenario.  (FT)

Muni bond investors are ignore structural headwinds, for now.  (WSJ)

The ‘death cross‘ is dead as a viable indicator.  (Price Action Lab)

Is the dividend trade becoming crowded?  (See It Market)

Why $VIX puts get cheaper over time.  (VIX and More)


The precise level of a stop is less important than the stop itself.  (Crosshairs Trader)

On the importance of an asset allocation strategy, any strategy.  (TheStreet)

Tim Richards, “Situational awareness, the ability to almost naturally become aware of unusual factors, is a powerful weapon against mindlessness, the investor’s enemy.”  (The Psy-Fi Blog)

How financial advisers are a lot like personal trainers.  (Blueleaf)


Goldman Sachs ($GS) is trying to adjust expenses for a leaner age..  (WSJ, FT)

Why is Berkshire Hathaway ($BRKA) stock killing it?  In short, housing.  (The Reformed Broker)

Investors put too much emphasis on who a company’s CEO is.  (Mark Hulbert)


The terminal disease facing the banks: nobody needs them anymore.  (FT Alphaville)

Regulators, not boards, are de-risking the banks.  (FT)


Vanguard ETF owners are holding for the long term.  (Vanguard, FT, ibid)

The hurdles to a mutual fund-to-ETF conversion are still pretty high.  (FT)

Investors want yield, hence their yen for preferred stock ETFs.  (IndexUniverse)

A new “twin” may put a cap on any premium for the now capped JP Morgan Alerian MLP ETN ($AMJ).  (Focus on FundsIndexUniverse)


Now investors are paying for the privilege to purchase EFSF bills.  (Bloomberg)

Capital is still fleeing Europe.  (Sober Look)

Is Poland finally succumbing to Euro weakness?  (beyondbrics also ETFdb)

Brazil keeps cutting rates.  (Bonddad Blog)


Housing starts in June show strength in housing.  (Calafia Beach PunditCalculated Risk)

The path is clear to QE3.  (Calculated Risk)

How good a job do prediction markets do in aggregating information?  (Economix)

Earlier on Abnormal Returns

Three books that will make you a better investor, including Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere.  (Insider Monkey)

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

Mixed media

Dylan Grice’s summer reading list includes Thinking Fast and Slow by Daniel Kahneman.  (Financial News)

Pretty soon we are going to need aggregators of social media aggregators.  (Pando Daily)

Are apps making us lazy?  (WSJ)

The five Olympic sports where money really matters.  (The Atlantic, NYTimes)

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.