Quote of the day

TED, “Investment bankers are not idiots. ”  (The Epicurean Dealmaker)

Chart of the day

Stock market breadth can’t seem to break out.  (Dynamic Hedge)

Markets

There are a couple of laggards in the market worth looking at.  (Market Anthropology)

Banks are pitching farmland and timberland investments to affluent investors.  (InvestmentNews)

Vulture investors are finding fewer investments in commercial real estate.  (Crain’s Chicago)

Strategy

Why benchmarks matter for investors.  (Capital Spectator)

How have Peter Schiff’s recommendations been working out lately?  (YCharts Blog)

The financial crisis should have taught us all to be more flexible in our beliefs.  (Humble Student)

25 insights from Jesse Livermore.  (ST50)

Companies

Are homebuilders still a buy?  (Fortune)

We are getting a better picture of gold mining costs with a more standardized measure, “all-in sustaining costs.”   (FT)

IPOs

The virtues of filing a ‘secret’ S-1.  (James Surowiecki)

Speaking of IPOs, Chrysler could soon come public.  (FT)

Hedge funds

Hedge fund of funds are getting nimbler to try and survive.  (Pensions & Investments)

Hedge funds are using spy satellites and tracking manager behaviors to generate alpha.  (FT, ibid)

Smaller hedge funds are getting edged aside.  (Pension Pulse)

The post-financial crisis world has not been kind to hedge funds.  (FT Alphaville)

Funds

Do index providers have much power?  (FT)

iShares is going after every segment of the ETF market.  (IndexUniverse)

There is no shortage of way-too-narrow fund concepts.  (Chuck Jaffe)

Calamos Asset ($CLMS) is getting into the active ETF game.  (IndexUniverse)

Global

The peak in world oil production has yet to arrive.  (Econbrowser)

Spanish government debt is now trading  below Italy’s.  (Sober Look)

Economy

Summers withdraws. The world cheers.  (Felix Salmon)

Who is now in line for the Fed?  (A Dash of Insight, Tim Duy, Quartz, Slate)

Earlier on Abnormal Returns

What you may have missed in our Sunday linkfest.  (Abnormal Returns)

Mixed media

Now waiters and waitresses are getting displaced by automation.  (WSJ)

Would you buy a “good enough” tablet for $100 from Intel ($INTC)?  (Quartz)

Is Aeon Magazine the best on the web?  (Pando Daily)

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