Quote of the day

Jason Zweig, “Above all, whenever there is a choice between simple and cheap on the one hand, and expensive and complex on the other, favor the former.”  (WSJ)

Chart of the day

Fed fallout: a weaker dollar and higher commodity prices.  (StockCharts Blog)

Markets

Behold the collapse in MBS spreads.  (Sober Look)

Is the Fed really causing the stock market to rally?  (ValuePlays)

The next steps the markets need to continue to rally.  (MarketBeat)

Joe, “The economy isn’t the market and pundits can’t trade.”  (UpsideTrader)

Strategy

Conviction makes a good trader great.  (SMB Training)

A review of Eric Falkenstein’s The Missing Risk Premium: Why Low Volatility Investing Works.  (Aleph Blog)

Technology

Why Silicon Valley and Wall Street differ so much in their assessment of Facebook ($FB).  (Pando Daily)

Hewlett-Packard ($HPQ) needs a smartphone do-over.  (Pando Daily)

It’s official the era of the personal computer is over.  (AllThingsD)

Finance

Investment banking is no longer the cash cow it once was.  (Economist, ibid)

Why the SEC came down on the NYSE.  (Dealbreaker)

Why we can’t simplify bank regulation.  (Felix Salmon)

ETFs

Expect the MSCI Frontier 100 Index ETF ($FM) to be the new standard.  (IndexUniverse)

The Fed

When the Fed chair is an academic.  (The Street Light via @markthoma)

In praise of Fed independence.  (Rational Irrationality, Free exchange)

What exactly has the Fed pledged to do?  (The Atlantic)

An interview with Michael Woodford.  (Wonkblog)

How much do the Fed’s action actually help Main Street?  (Dealbook)

Earlier on Abnormal Returns

What you missed in our long form Saturday linkfest.  (Abnormal Returns)

Top clicks this week on Abnormal Returns.  (Abnormal Returns)

Mixed media

Can education solve the problem of financial illiteracy?  (Barron’s)

How the Thiel Fellowship recipients are doing in the real world.  (NYTimes)

The art and science of making something go viral.  (Fast Company)

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.