Quote of the day

Ryan Detrick, “Next time you have a losing streak, ask yourself if it is your fault?  Or the market’s fault?  Hopefully, you realize the only way to get better is to take the blame, learn from it, and profit the next time.”  (Schaeffer’s Trading)

Chart of the day


A classic divergence in the gold miners.  (Mebane Faber also Random Roger)


Be careful whenever anyone says there is a “floor” under the market.  (Dynamic Hedge)

Small caps are expensive relative to large caps.  (Mebane Faber)

Global equity market performance YTD.  (Global Macro Monitor)


On the nature of randomness in trading results.  (Adam Grimes)

How selective memory affects our investing results.  (Investing Caffeine)

How to safeguard your asset allocation.  (Oblivious Investor via Monevator)


Shouldn’t a 20-year old company be making a profit by now?  (Daniel Gross also Aleph Blog)

Would Steve Jobs have liked iOS 7?  (Daring Fireball)

Why Google ($GOOG) should buy Twitter before the IPO.  (Uncrunched)

SnapChat is experiencing Instagram-like growth.  (GigaOM, AllThingsD)


There is no such thing as a conflict-free brokerage.  (Jason Zweig)

Activist investors are having an easy time raising capital for new hedge funds these days.  (II Alpha)

How Rivzi Traverse Management came to hold a 15.6% stake in Twitter.  (WSJ)

The how and why of Goldman Sachs ($GS) charitable donations.  (Dealbook)


The evidence that low inflation is hurting the US economy.  (NYTimes)

On the benefits of reconciling the views of Fama and Shiller.  (FT, NYTimes)

How has the Great Recession changed the labor market?  (Sober Look)

A look back at the economic week that was.  (Bonddad Blog)

The economic schedule for the coming week.  (Calculated Risk)

Earlier on Abnormal Returns

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

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

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.