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Quote of the day

Horace Deidu, “Like mobile networks, maps are very expensive and worth very little.”  (Asymco)

Chart of the day

S&P 500 valuations are still stuck in a range.  (Dr. Ed’s Blog)


Hedge funds are way long equities.  (Money Game)

Look out: insiders are selling.  (Mark Hulbert)

Are Turnaround Tuesdays a real thing?  (MarketSci Blog)

Stocks still love inflation.  (Crossing Wall Street)

There was no shortage of stocks that doubled in 2012.  (Ivanhoff Capital)

Ten dividend stocks from the ultimate stock pickers.  (Morningstar)


How the shale gas revolution has changed the chemical industry.  (FT)

Don’t look now but solar stocks are on a tear.  (Barron’s)

Global demand for coal is still on the rise.  (The Daily Beast)

Time for a bounce in natural gas?  (Andrew Thrasher)


When following the mainstream media can steer you wrong.  (Jeff Matthews)

There are no accidents in company filings.  (footnoted)


Google ($GOOG) Maps is so good it threatens a number of companies including Yelp ($YELP).  (Pando Daily)

The Instagram TOS backlash.  (Daring Fireball, The Atlantic, Big Picture)

Just how risk are Amazon’s ($AMZN) bonds?  (Term Sheet)

Why Apple ($AAPL) should buy Dropbox.  (Daring Fireball)

Apple is the cheapest $500 billion company, ever.  (Forbes)


Companies are not skimping on share buybacks.  (WSJ)

Demand for commercial real estate loans is on the rise.  (Sober Look)

Everyone is sick of the exchanges favoring high frequency traders.  (WSJ)


The first physically backed copper ETF is a reality.  (Bloomberg, Dealbreaker, WSJ)

Is there any big difference between the gold ETFs?  (IndexUniverse)

What does ETF short interest tell us about future performance?  (SSRN)


2012 awards for the markets.  (RMDfx via @pragcapitalist)

A look at Poland’s economic success, post-crisis.  (The Atlantic, Free exchange)


Homebuilder confidence is back to 2006 levels.  (Bespoke, Calculated Risk)

Why lumber prices are up 45% YTD.  (Quartz)

30-year mortgage rates have bottomed.  (Sober Look)

Housing inventory continues to shrink.  (Calculated Risk)

Earlier on Abnormal Returns

Finance authors select their favorite books for 2012.  (Amazon Money & Markets)


What foods can trigger migraine headaches?  (WSJ)

Coffee is linked to fewer oral cancer deaths.  (Well)

On the rapid rise in pubic hair grooming injuries.  (MedicalXpress via Buzzfeed)

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