Quote of the day

DH, “The market has only three things it can do: annoy buyers, torment sellers, or frustrate everyone. Currently, the market is testing sellers and those who have not bought yet.”  (Dynamic Hedge)

Chart of the day


Bubbles are real. What should central bankers do in response?  (Gavyn Davies)


David Rosenberg earns the wrath of permabears for changing his mind.  (WSJ)

The market is overbought, including tech stocks.  (Humble Student, Market Anthropology)

Margin debt hits a new high.  (MarketBeat)

Valuations are looking stretched.  (Dr. Ed’s Blog)

Take a look at 2014 earnings estimates.  (A Dash of Insight)


How to invest your “funny money.”  (WSJ)

99% of long term investing is doing nothing.  (Dumb Money)

These are the guys playing high beta stocks.  (Bronte Capital)

Google and Apple

Google ($GOOG) wants cheap phone for everyone.  (WSJ)

How much control does Google really have over Android?  (ArsTechnica)

Is is bad news the iPhone 5S is crushing the 5C?  (stratchery)

Why do developers still go with an Apple ($AAPL) first strategy?  (Steve Cheney)


Has high-frequency trading really made trading cheaper?  (Dealbook)

Don’t feel sorry for JP Morgan ($JPM).  (Daniel Gross)


Six things you need to know about closed-end funds.  (Morningstar)

Will the fund industry learn from Vanguard’s recent moves?  (Chuck Jaffe)

Every asset manager is looking at actively managed ETFs.  (Institutional Investor)


Good news: oil prices are dropping.  (Bonddad Blog)

A lesson in simple economics:  cheaper sugar is pushing candy manufacturing offshore.  (WSJ)

On the dangers of a farmland bubble.  (Marketwatch)

Earlier on Abnormal Returns

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

Top clicks this week on the site.  (Abnormal Returns)

Mixed media

Big media still does not understand social.   (Brian Lund)

If you feel compelled to do something: don’t.  (Tony Schwartz)

How to reinvent yourself.  (Altucher Confidential)

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.