Quote of the day

Whitney Tilson, “To ensure that I can focus on in-depth company and industry analysis, I will adopt a much lower public profile and let my investment returns speak for themselves.”  (Market Folly)

Chart of the day

Is the big rally in the Philippines stock market over?  (WSJ)


Why markets, and the Aussie dollar, may be headed for a fall.  (Market Anthropology)

Despite all the chatter, the $VIX can go lower.  (All Star Charts)

The Euro continues to tick down.  (FT Alphaville)


The great challenge in investing is when to change your mental models.  (The Psy-Fi Blog)

On the importance of keeping a trading journal.  (Brian Lund, StockCharts Blog)

You have to do your own work in investing.  (Aleph Blog)

David Varadi, “It is important for quants to override the desire to be fed theoretical pablum and avoid trying to seek academic approval from high priests of a defunct religion. ”  (CSS Analytics)

Is low volatility investing getting too popular?   (Falkenblog)


The downside of momentum:  Chipotle Mexican Grill ($CMG).  (Crossing Wall Street, Peridot Capitalist)

Does Ackman’s Citgroup ($C) for Procter & Gamble ($PG) swap make sense?  (Insider Monkey)

Has homebuilder momentum peaked out?  (dshort)


The US Treasury is trying to get rid of the last vestiges of the bank bailouts.  (WSJ)

Libor rate setting worked for Wall Street for a long time.  (Dealbook)

Is the Facebook ($FB) IPO hangover done?  (Deal Journal, peHUB, Forbes)

The ideal merger partner for Goldman Sachs ($GS).  (The Brooklyn Investor)


What steps a commodities ETP provider takes to keep its funds safe.  (IndexUniverse)

Vanguard is gaining on iShares.  (IndexUniverse)

Tracking error for ETPs is on average going down.  (IndexUniverse)


How difficult would it be for Finland to exit the Euro?  (FT Alphaville)

Spreads on shorter-dated Spanish bonds are blowing out.  (MarketBeat, Wonkblog)


Mass layoffs are dropping off.  (Real Time Economics)

The Ports of Los Angeles and Long Beach are booming.  (LATimes via CR)

How changing family structures affect income inequality.  (Cafe Hayek)

Earlier on Abnormal Returns

Nice mention of Abnormal Returns: Winning Strategies from the Frontlines of the Investment Blogosphere en Español.  (Expansión)

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

Mixed media

Are big cash hoards a sign that the big tech companies out of ideas?  (NetNet)

What may be in store at Yahoo! Finance.  (Big Picture)

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