Quote of the day

George Soros, “Participants act not on the basis of their best interests but on their perception of their best interests, and the two are not identical.”  (Ivanhoff Capital)

Chart of the day

Gold has broken out.  (DowntownTrader)


A look back at just how extraordinary bond returns have been.  (Timely Portfolio)

Time to ratchet down your high yield muni fund risk.  (Learn Bonds)

What the TIPS market is telling us of late.  (Calafia Beach Pundit)

Hedge funds

Hedge funds are no panacea in a bear market.  (Attain Capital)

In all seriousness why does John Paulson bother with outside capital?  (Deal Journal)

A look at Brazil’s burgeoning hedge fund industry.  (Institutional Investor)


Facebook ($FB) is trying to reorient itself for the mobile era.  (NYTimes)

The stock market really hates Intel ($INTC) at present. (StockCharts Blog)


The NY Fed is out of the AIG ($AIG) bailout business.  (WSJ, ValuePlays)

Is there a plan B on how to reform the money market mutual fund industry?  (Dealbook, WSJ)

Auditors are apparently not all that good at auditing.  (NYTimes)

What went wrong with unlisted REITs?  (Forbes)

The Chinese Wall is pretty porous these days.  (I Heart Wall Street, Marketwatch)


Mutual funds holding ETFs: big deal or not?  (Marketwatch, Capital SpectatorIndexUniverse)

Some more bear ETFs are coming that hope to avoid the issue negative compounding.  (Focus on Funds)


Inventory is piling up in China.  (Sober Look)

A look at an unusual cross-rate: Real vs. the Pound.  (WSJ)


The durable goods report was a mixed bag.  (Global Economic Intersection, Capital Spectator)

Rail traffic continues to show “modest” expansion.  (Pragmatic Capitalism)

A couple of interesting facts about new home sales.  (Economix)

Earlier on Abnormal Returns

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

Mixed media

Why it is important to realize that experiences are better than possessions.  (Peer Reviewed via FT Alphaville)

Fast food providers are now on high alert for any charges of animal cruelty.  (Money & Co.)

For any business it’s more important to be kind than clever.  (HBR)

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.