Quote of the day

Scott Adams, “The robot future is fundamentally unpredictable. But a good start is assuming all straight-line predictions are incorrect.”  (Dilbert.com)

Chart of the day

1929_0213

How overpriced were stocks in 1929?  (Crossing Wall Street)

Markets

Signs of a slowdown in momentum.  (Dynamic Hedge)

Bridgewater Associates is shifting money into equities and commodities.  (Bloomberg)

How do secular bear markets end?  (Big Picture)

About that earnings acceleration for 2013.  (Crossing Wall Street)

Is tech really underperforming?  (Bespoke)

Is it time for large value to start outperforming again?  (Capital Spectator)

Junk bonds

Just how overvalued is high yield?  (Unexpected Returns)

Junk bond covenant quality is hitting new lows.  (Income Investing)

Companies

Peak price/sales ratios of some recently broken growth stocks.  (Avondale Asset)

Why Apple ($AAPL) should ignore its shareholders.  (Felix Salmon contra FT)

How much does Google ($GOOG) pay Apple to be the default search engine on iOS?  (Fast Company, ReadWrite)

How should Dell ($DELL) shareholders react to the buyout?  (Musings on Markets)

Slot machine giant IGT ($IGT) has an activist shareholder on its bad side.  (Clusterstock)

Finance

Why individuals continue to trade on inside information.  (Dealbook)

There is a big private equity shakeout coming.  (Bloomberg)

Alternative investments are rapidly becoming mainstream with institutions.  (Institutional Investor)

Blackstone Group ($BX) is looking to add more stakes in hedge fund managers.  (Bloomberg)

ETFs

How ETFs act as price discovery vehicles during market holidays.  (iShares Blog)

The ETF Deathwatch for February 2013.  (Invest with an Edge)

Global

Japan is playing a dangerous game by trying to suck investors into the stock market.  (Pragmatic Capitalism)

There no shortage of chasing in the Japanese stock market at the moment.  (research puzzle pix)

A slowdown is coming to Australia.  (Quartz)

Economy

Small business optimism is up but still low.  (RTE, Calculated Risk)

Renters are still driving the housing market.  (Fortune)

Earlier on Abnormal Returns

A Q&A with Wes Gray, co-author of Quantitative Value: A Practitioner’s Guide to Automating Intelligent Investment and Eliminating Behavioral Errors.  (Abnormal Returns)

Mixed media

Does anyone really want to “pay by Tweet“?  (Digits)

How the Sonos Playbar came to be.  (GigaOM)

NextDoor, a network of neighborhoods, has attracted some high-profile backers.  (Pando Daily, Bits)

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

More Posts This Week

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.