Quote of the day

Bob Lefsetz, “If you want to start a trend, start with consumers, not businesses.”  (Big Picture)

Chart of the day

Finance stocks are showing signs of life.  (StockCharts Blog)

Markets

Why the stock market rally still needs to be respected.  (Dynamic Hedge)

Another bear throws in the towel.  (The Reformed Broker)

Q4 is for large caps.  (Mark Hulbert)

Stocks have been the “only game in town” for awhile now.  (The Short Side of Long)

At least someone is making money on the short side.  (Zero Hedge)

A fearless market prediction.  (A Dash of Insight)

Strategy

On the importance of assessing your risk tolerance at market highs.  (Jason Zweig)

An example of investing in ‘what you know‘ backfires.  (Bloomberg)

What is the purpose of a personal investment policy statement?  (NYTimes)

The value investor’s case for Post Holdings ($POST).  (The Brooklyn Investor)

Research

Assessing the true cost of capital of hedge fund investments.  (SSRN)

The financialization of commodities is a reality.  (SSRN)

Companies

Big TV wants to get even bigger.  (AllThingsD)

Instagram may join the messaging fray.  (GigaOM)

The battle for the home is now underway.  (TechCrunch)

Same-day delivery is the new battleground.  (NYTimes)

Economy

The importance of the Fed is overstated.  (Wonkblog)

Why QE is here to stay.  (Felix Salmon)

The market is pricing in little risk of rising short-term rates.  (Econbrowser)

The challenge facing the new Fed chairman: we are in uncharted territory.  (NYTimes)

A look back at the week in economic stats.  (XE)

The holiday week economic schedule.  (Calculated Risk, Turnkey Analyst)

Earlier on Abnormal Returns

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

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

Mixed media

The best movies of 2013 including World War Z.  (Marginal Revolution)

Why Elmo has dominated kids’ Christmas lists for years.  (Quartz)

How Larry Bird built the Indiana Pacers back into a title contender.  (USA Today)

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