Quote of the day

Tim Duy, “Japan might very well be heading toward the end-game of permanent zero interest rate policy: Explicit monetizing of deficit spending. That is the real story here – it goes far beyond just inflation targeting.”  (Economist’s View)

Chart of the day

AOL Total Return Price Chart

AOL Total Return Price data by YCharts

Count AOL ($AOL) amongst the big winners in 2012.  (AllThingsD)


The last few days of the trading year are “garbage time” for traders.  (The Reformed Broker)

The S&P 500 is becoming increasingly globalized.  (Pragmatic Capitalism)

Jeff Gundlach wants to be short the Yen.  (Advisor Perspectives)


Just because some one else has a different strategy doesn’t mean it doesn’t work for them.  (Joe Fahmy)

On building a watch list.  (Aleph Blog)

The only investment goals that matter are yours.  (Bucks Blog)


The lines between hardware and software are blurring:  Apple vs. Google vs. Facebook vs. Amazon.  (WSJ)

Does Microsoft ($MSFT) still matter?  (ReadWrite, Pando Daily, NYTimes)

Why need a closer look at Herbalife ($HLF).  (Janet Tavikoli also WSJ)


On the Series A crunch: real or imagined?  (Pando Daily, ibid)

The big retailers are having a rough time of it.  (Quartz)

Check out the growth in solar in 2012.  (GigaOM)


Many people, including those in Washington, think the stock market is a rigged game?  (Michael Santoli earlier Abnormal Returns)

The bottom line is that merger arbs need more deals.  (Breakingviews)

How TIAA-CREF invests in farmland.  (Institutional Investor)


When in doubt add ‘risk‘ to your new ETF’s name.  (FT)

2012 was the year of the bond ETF.  (ETF Trends)

Meet Tim Buckley the new CIO of Vanguard.  (IndexUniverse)

A look at some funds that died in 2012.  (Marketwatch)


The key downside risk to the economy in 2013.  (Calculated Risk)

How the US economy should do in 2013.  (Wonkblog)

A last look at 2012 recession indicators.  (Bonddad Blog)

Ten economic questions for 2013.  (Calculated Risk)

Mixed media

Three ways to quiet your mind.  (HBR)

Jerry Seinfeld and the importance of refining your craft.  (Digging In)

Why NFL fans are staying home.  (The Daily Beast)

Why vinyl could once again be the dominant physical form for music.  (Babbage)

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.