Quote of the day

Peter J. Solomon, “To be a good investment banker you have to have a good sense of the absurd.”  (FT)

Chart of the day

Is a bottom for coal stocks at hand?  (chessNwine also All Star Charts)


Where Apple ($AAPL) could find some support.  (UpsideTrader, AlphaTrends, Minyanville)

The case for a higher US dollar.  (Market Anthropology)

How to avoid the crowded story trades.  (Mark Dow)

Why December’s options expiration week is the most bullish.  (Quantifiable Edges)

Recency bias and the stock market.  (Pragmatic Capitalism)

Will higher taxes actually help stocks?  (Rick Ferri)


Christine Benz talks with Consuelo Mack on the importance of taxes efficiency.  (Wealthtrack also Morningstar)

Not all performance is created alike.  (Investing Caffeine)

Why Marc Andreessen wants you to buy tech stocks.  (Quartz)


With Apple stock down, doubts about its fundamentals accelerate.  (FT Alphaville contra SAI)

News Corp. ($NWS) looks to take on ESPN with a new national sports network.  (WSJ)


How banks are adapting to their clients trading switching to electronic trading.  (Deal Journal, WSJ)

There is no correlation between the amount of goodwill and the quality of a deal.  (Musings on Markets)

Private equity firms just can’t give up leverage when markets are so willing.  (WSJ)

Credit ratings agencies are becoming increasingly irrelevant.  (Big Picture)


How NOT to create your own hedge fund.  (Random Roger)

130/30 funds have represented expensive beta.  (Condor Options)

Some big misses in the fund world in 2012.  (Marketwatch)


The LDP is back in power in Japan: stocks up, the Yen down.  (WSJ, FT, Bloomberg)

David Tepper says the ECB has given investors another ‘free put.’  (Clusterstock also Writings on Wall St.)

China is going to push for growth in 2013.  (Money Game also FT Alphaville)

Why UK growth has lagged the US post-financial crisis.  (The Source)

The odds of a Euro breakup are falling.  (Sober Look)

India as global growth engine.  (Bloomberg)

The shale gas revolution is now shaking up the world.  (Quartz)


Three big changes to monetary policy happened last week.  (Gavyn Davies)

Positive signs going into 2013.  (Bonddad Blog)

How Q4 GDP estimates are evolving.  (Capital Spectator)

Tracking the housing recovery.  (Calafia Beach Pundit)

Simpler taxes will likely be fairer and more efficient.  (Quartz)

Earlier on Abnormal Returns

Is the stock market a ‘rigged game‘?  (Abnormal Returns)


The Wirecutter: a more sustainable gadget blog model.  (NYTimes)

Can a new app, Nextdoor, make us more sociable with our neighbors?  (Slate)

Why SnapChat is a bigger deal than commonly thought.  (Pando Daily also AllThingsD)

Mixed media

An interview with Aaron Task, Editor of Yahoo! Finance.  (Wall St. Cheat Sheet)

The Physics of Wall Street: A Brief History of Predicting the Unpredictable by James Owen Weatherall is “among the most arrogant books of all time.”  (Aaron Brown)

Favorite charts of the year.  (Quartz)

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.