Quote of the day

Barry Ritholtz, “The bottom line is if you are buying something you don’t understand based on a narrative that is half myth pushed by people with an incentive to bring in more buyers, well then, you are setting yourself up for a disaster.”  (Big Picture)

Chart of the day


Is the long decline in coffee coming to an end?  (Andrew Thrasher)


Markets have been remarkably calm given all that is going on.  (Daniel Gross)

Are super-low global interest rates really good news?  (Buttonwood, RiskReversal, MoneyBeat)

Market capitulation of another kind.  (Pragmatic Capitalism)

Companies are beating earnings expectations, but there is that whole revenue issue…  (AlphaNow)

Why natural gas prices are higher.  (Sober Look)


The perils of investing in what you know.  (Bucks Blog)

Inside the mind of Jeffrey Gundlach.  (Crossing Wall Street)

Not all traders are content to grind it out.  (Dragonfly Capital)

How Monte Carlo simulations are used in retirement planning.  (Morningstar)

Building a “best ideas” portfolio: a discussion with Kyle Mowery.  (Tradestreaming)

A nice review of Maneet Ahuja’s The Alpha Masters: Unlocking the Genius of the World’s Top Hedge Funds.  (Frank Voisin)


The turnaround at Yahoo! ($YHOO) still has a long way to go.  (Pando Daily)

Microsoft ($MSFT) has its very own activist investor.  (MoneyBeat)

Netflix ($NFLX) is a huge bandwidth hog. And this won’t help.  (Quartz, The Verge, WSJ)

Making money on Google’s ($GOOG) YouTube is getting tougher.  (Businessweek)

eBay ($EBAY) is fighting the proposed national Internet sales tax.  (Dealbook, WashingtonPost)

Amazon’s ($AMZN) Kindle Singles are becoming are real business.  (NYTimes)


Bigger isn’t always better: the case of Apple ($AAPL).  (Marketwatch)

Some random thoughts on Apple.  (Big Picture also Michael Santoli)

How Tim Cook is like Steve Ballmer.  (Bits)


Bloomberg Black should engender fear in finance startups.  (The Reformed Broker)

Some CEOs are too good at raising money.  (Pando Daily)

Why aren’t gold mining bonds declining as well?  (Learn Bonds)

The ins and outs of insider trading laws.  (HedgeWorld also Dealbook)


The SEC may be set to make ETF launches easier.  (Reuters)

On the disconnect between physical gold and gold ETFs.  (IndexUniverse)

If indices are provided for free, why pay?  (IndexUniverse)

Pimco is rolling three new “ETF clones” of already existing mutual funds.  (Focus on Funds)


Flash PMIs for China and Europe show continued weakness.  (Money Game, FT Alphaville)

The ECB may (finally) be ready to cut rates.  (FT)

Does the Mexican Peso have room to run further?  (Institutional Investor)


The Macro-Markets Risk Index still shows little recession risk.  (Capital Spectator)

Why younger Americans are driving less.  (Wonkblog)

Mixed media

Swapping a ball for a chair doesn’t seem to do too much for your health.  (Well)

Running or walking: which exercise does more for you?  (Slate)

Why tragedies induce widespread fear: the availability heuristic.  (Bloomberg)

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.