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Quote of the day

Simon Lack, “There’s not a lot of money to be made in telling people not to invest in hedge funds. Eventually persistently poor performance will drive people out, but it takes time.”  (Fortune)

Chart of the day


Check out the growing divergence between lumber and the homebuilders.  (StockCharts Blog)


Signs that investors are still exceedingly fearful of the stock market.  (Joe Fahmy)

Where market stand today.  (The Reformed Broker)

How to approach an overbought market.  (Big Picture)

On the prospect of a big bond sell-off.  (Money Game)

The utilities sector is pulling back.  (MoneyBeat)


What kind of investor are you?  (Howard Lindzon)

Mistakes money managers make.  (Aleph Blog)

Why do peer-to-peer loans seem scarier than other high yield investments?  (Learn Bonds)


On the penetration rate of broad, low cost portfolios.  (Vanguard Blog)

Three simple, lazy portfolios.  (Rick Ferri)


The cable industry is doing just fine despite a drop in video customers.  (The Atlantic)

Why CEOs should consider paying higher dividends.  (MoneyBeat)

Hedge funds

Big companies are no longer immune from pressure from activist investors.  (Economist)

Hedge funds are having a tough time of it under Bernanke.  (Bloomberg)


The Fed is killing the repo market.  (WSJ)

When will investors return to venture capital?  (FT)

Why it is going to be hard to displace Bloomberg’s chat dominance.  (Quartz)


Japan’s stock market tanks ending a huge run.  (Charts etc., Buttonwood)

China’s manufacturing economy is still weak.  (Quartz)

On the Euro depression.  (Bonddad Blog)


Weekly initial jobless claims continue their downward trend.  (Calculated Risk, Capital Spectator)

There are four months of new home supply.  (Calculated Risk)

Falling inflation is complicated the Fed’s exit plan.  (Gavyn Davies)

Mixed media

Open-plan offices stink.  (Quartz)

How to enjoy your decision: start with fewer options.  (Scientific American)

In a rut? Read The Plateau Effect: Getting from Stuck to Success by Bob Sullivan and Hugh Thompson.  (FT)

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