The Abnormal Returns holiday book giveaway 2012 edition, is now closed. If you are a winner you should have received an e-mail already. Thanks again to everyone who entered.

Quote of the day

James Mackintosh, “If you are confused about how to forecast the next year’s returns, don’t worry. It is probably not worth the effort anyway.”  (FT)

Chart of the day

GLD Chart

GLD data by YCharts

Gold miners (still) look cheap relative to the shiny metal.  (WSJ earlier Abnormal Returns)


The incredible vanishing equity supply.  (Macrofugue)

Most investors are still waiting for the other shoe to drop.  (Dynamic Hedge)

Corporate bonds now exceed mortgage-backed bonds for the first time in 20 year.  (Sober Look)


Is your fund manager good or merely lucky?  (Jason Zweig)

There is always something to worry about.  (Investing Caffeine)

Investors, focus on what you can control.  (Aleph Blog)

Traders need to be good at being wrong, a lot. (Adam Grimes)


Why Zynga ($ZNGA) stopped going down.  (YCharts Blog)

Why Intel’s ($INTC) stock is in the tank.  (Slate)

The real reason why Apple ($AAPL) stock is in the doldrums.  (Pando Daily)

Apple and Google ($GOOG) working together for a change.  (Bloomberg)

Personal identity management” may soon become a real business.  (NYTimes)


Will insider trading prosecutions serve as a deterrent?  (James Stewart)

The SEC should chide Netflix ($NFLX) for selective disclosure.  (Dan Primack)

Accretive acquisitions are not necessarily good ones.  (Musings on Markets)

Single family home REITs are coming to market.  (NYTimes)

Why are hedge funds moving to Florida?  (HedgeWorld)


Slow but steady progress on the jobs front.  (Tim Duy)

Why your computer is getting cheaper but your broadband service is not.  (GigaOM)

The Fed needs to be even more clear in its communications.  (A Dash of Insight)

A look back at the economic week that was.  (Bonddad Blog, Calculated Risk)

The economic schedule for the coming week.  (Calculated Risk)

Earlier on Abnormal Returns

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

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

Mixed media

Michael Mauboussin author of The Success Equation:Untangling Skill and Luck in Business, Sports and Invesitng talks with Consuelo Mack.  (Wealthtrack)

The Southern Investigative Reporting Foundation looks to change investigative journalism of business.  (Talking Biz News)

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.

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.