This is an early (and incomplete) edition of the daily linkfest. We will catch back up tomorrow.

Daniel Gross, “We should think about IPOs like draft picks in sports.”  (The Daily Beast)

Market breadth has been deteriorating.  (The Reformed Broker)

How are hedge funds doing this year?  (FT Alphaville)

Two headlines: one story.  (A Dash of Insight)

Changing dynamics in the US buyout market.  (Sober Look)

There are always some investors who think “it is different for me.”  (Rick Ferri)

Did Twitter ($TWTR) really leave money on the table?  (Ivanhoff Capital)

Wall Street won the Twitter IPO.  (Quartz)

Small caps: active or passive?  (IndexUniverse)

Investors are paying a lot for future growth.  (Jack Altman)

A solid employment report.  (Calculated Risk)

Rail traffic is accelerating.  (Pragmatic Capitalism)

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

Thanks for checking in with Abnormal Returns. You can follow us on StockTwits and Twitter.