Quote of the day

Gatis Roze, “Mastery is not achieved by knowing the Holy Grail of trading systems. Mastery is achieved by having the discipline to put in writing your own trading system, learning to overcome a lot of potentially costly enemies within yourself and then following your system.”  (StockCharts Blog)

Chart of the day

10 Year Treasury Rate Chart

10 Year Treasury Rate data by YCharts

What happens when the 10 year Treasury yields and the S&P 500 high simultaneous 50 day highs?  (Quantitative Edges)


Transports continue to underperform.  (Market Montage, Mark Hulbert)

Are junk bond yields done going down?  (IndexUniverse)

Bond traders have bought into this rally.  (Learn Bonds)

REITs are overowned (for yield) at this point.  (YCharts Blog)

Growing interest in corn plays.  (Reuters also NYTimes)


Investment managers are poor market timers.  (Rick Ferri)

On the demographic headwinds facing the US equity market.  (Enterprising Investor)

Wall Street is still eating their young.  (The Reformed Broker)


How the Apple ($AAPL) Store model succeeds.  (Asymco)

Best Buy ($BBY) is a company in search of a plan.  (NYTimes)

JC Penney ($JCP) shows the danger of heavily shorted stocks.  (MarketBeat)

The case for a turnaround in Hewlett-Packard ($HPQ) stock.  (SumZero)

Knight Capital ($KCG) as a model Wall Street failure.  (Big Picture)

How close is Berkshire Hathaway ($BRKB) to buying back its own shares.  (YCharts Blog)


Goldman is pitching MISTs as a replacement for the BRICs.  (Businessweek)

Japan passes a big tax hike.  (Businessweek)


Why high levels of cash on the balance sheet are unlikely to change any time soon.  (FT Alphaville)

On the relationship between the housing market and unemployment.  (Calculated Risk)

How weather affects big ticket buying decisions.  (Real Time Economics)

Earlier on Abnormal Returns

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

Open items

What do CNBC’s ratings tell us about investor sentiment?  (Schaeffer’s Research via Talking Biz News)

Is college still worth it?  (Real Time Economics)

What’s so great about a cashless society?  (The Atlantic)

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.