Quote of the day

The FOMC, “To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens.”  (Calculated Risk also Money Game, Wonkblog)

Chart of the day

The Fed plan to buy $40 billion mortgage-backed securities a month.  (Bloomberg)


A look at earning estimates for large, mid and small cap indices.  (Dr. Ed’s Blog, BondSquawk, Horan Capital)

On the chasm between the stock market and the economy.  (Curious Capitalist)

Does demography imply destiny?  (Above the Market)


What Ray Dalio says about strategic asset allocation.  (Money Game)

Some old school advice from Peter Lynch.  (market folly)

Hedge funds are being punished for being too defensive.  (Sober Look)


How many iPhone 5s will Apple sell in its first weekend?  (Asymco, Bloomberg)

Has the massive success of the iPhone frozen development of new features?  (The Verge)

Why Apple ($AAPL) isn’t launching a music subscription service just yet.  (paidContent)


Private equity is getting interested in shipping.  (Businessweek)

Why it is a good thing that Mark Zuckerberg can pretty much ignore Facebook ($FB) shareholders.  (Slate)


Banks are letting insiders circumvent IPO lockups.  (WSJ)

A look at Banco Santander’s huge Mexican IPO.  (Knowledge@Wharton)


A look at the growing number of defined maturity bond funds.  (Learn Bonds)

Some replacements for some shuttered ETFs.  (ETFdb)


A tribal dispute is holding up New Zealand’s biggest-ever IPO.  (Deal Journal)

In contrast to the rest of the world Russia is raising interest rates.  (beyondbrics)

Can the shale gas boom go global?  (Buttonwood)


Initial unemployment claims continue to tick higher.  (Calculated Risk, Bespoke)

Earlier on Abnormal Returns

Active management, personal responsibility and self-improvement.  (Abnormal Returns)

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

Mixed media

What Nate Silver, author of The Signal and the Noise: Why So Many Predictions Fail But Some Don’t, thinks about a number of sports.  (SI)

In case you didn’t get enough Greg Smith the first time around, here comes Why I Left Goldman Sachs.  (Dealbook)

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.