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Quote of the day
Leon Black, “We think it’s a fabulous environment to be selling…We’re selling everything that’s not nailed down. And if we’re not selling, we’re refinancing.” (Barron’s)
Chart of the day
The return of tech sector outperformance. (StockCharts Blog)
Markets
The volatility of volatility is pretty high at the moment. (Unstructured Finance)
Small investors love trading ‘mini’ options. (WSJ)
Don’t be fooled: banks are underperforming the market. (TheArmoTrader)
Hard to see how TIPS aren’t overvalued in here. (WSJ)
What the Central Fund of Canada ($CEF) tells us about precious metals sentiment. (StockCharts Blog)
Strategy
On the attraction of companies that actually reduce share counts through buybacks. (Mark Hulbert)
Why sector rotation is inevitable. (A Dash of Insight)
Fear mongering sells. (Above the Market)
Why reading the headlines can affect your risk tolerance. (Investing Caffeine)
Companies
Big launch parties do not equal success. (Pando Daily)
Pepsi ($PEP) is likely headed for a breakup of the company. (Breakingviews)
Six tough questions for Warren Buffett. (Quartz, Aleph Blog)
Does Google Glass even make sense whenre multitasking is shown to be a detriment to performance? (SAI)
Finance
What good is a ‘risk tolerance‘ questionnaire? (Jason Zweig)
Sallie Krawchek scolds financial advisors, tells them to communicate with clients better. (Financial Planning)
A closer look at Mario Gabelli’s hedge fund-like compensation structure. (Dealbook)
ETFs
Does Morningstar judge Doubleline Total Return too harshly? (Institutional Imperative)
There is a flaw with preferred stock ETFs. (Barron’s)
Global
The Japan trade is not over by a long shot. (UpsideTrader)
On understanding the carry trade. (Behavioral Macro)
To fight pandemics we need to incentivize research including prizes. (NYTimes, Marginal Revolution)
Economy
More on the mixed picture that is US economic growth. (Free exchange, Rational Irrationality, Felix Salmon)
A look back at the week in economic stats. (Bonddad Blog)
The economic schedule for the coming week. (Calculated Risk)
Earlier on Abnormal Returns
What you missed in our Saturday long form linkfest. (Abnormal Returns)
Top clicks this week on the site. (Abnormal Returns)
Mixed media
Another RSS feed reader, FeedWrangler, joins the post-Google Reader free-for-all. (Pando Daily)
How we can ‘steel our minds‘ against distractions. (NYTimes)
Jerry Seinfeld on why coffee is so central to our culture. (NPR)
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