Quote of the day
Wade W. Slome, “Rather than chasing bubbles and nervously fretting over sensationalistic headlines, you will be better served by devoting your attention to the creation of a globally diversified investment portfolio.” (Investing Caffeine)
Chart of the day

Crude oil prices had been falling prior to any Iran deal. (chessNwine)
Markets
A surge in earnings is the best hope for the stock market. (Business Insider, Unexpected Returns)
Retail investors are back. What next? (The Reformed Broker)
A long-term positive signal for equities. (Charts etc. also Crossing Wall Street)
The stock market often trades near its all-time highs. (Pragmatic Capitalism)
2013 has been a rough year for most short-sellers. (MoneyBeat)
Strategy
Are long-term gains just an illusion? (Price Action Lab)
Why are financial firms excluded from most financial studies? (Turnkey Analyst)
Technology
The first rule of Silicon Valley is do NOT talk about bubbles. (Bits)
Is the great web rally of 2013 running out of steam? (Pando Daily)
Uber is looking to make it cheaper for drivers to expand their fleets. (TechCrunch)
When will there be 1 billion iOS devices in use? (Asymco)
23andMe gets a nastygram from the FDA. (Bloomberg)
Finance
Why investors should look for investment teams with more diversity. (FT)
Advisors are looking to bring hedge fund strategies in house. (Institutional Investor)
Business TV
A big financial TV survey. (Business Insider)
There is no winner in the business TV wars. (THR)
Funds
Why do mutual fund complexes release data to select investors? (Chuck Jaffe)
2013 has not been a good year for the average hedge fund. (Business Insider)
Global
What next for oil now that an interim deal has been reached with Iran? (WashingtonPost, FT Alphaville)
Cheap collaboration has extended the period of innovation. (FT Alphaville)
Cheap natural gas is making a global LNG market a reality. (FT)
Economy
Ignore the Black Friday hype. (Barry Ritholtz)
Why the Fed is not unhappy to see a rising term premium. (Gavyn Davies)
Corporate profit margins are so high so why isn’t there more capital investment? (Humble Student)
US economic momentum is still positive. (Capital Spectator)
Earlier on Abnormal Returns
What you may have missed in our Sunday linkfest. (Abnormal Returns)
Bitcoin
What Bitcoin gets right. (Business Insider)
The seedy side of Bitcoin’s origins. (Chart Girl)
Some first hand experience trying to obtain Bitcoins. (FT Alphaville)
There are alternatives to Bitcoin. (Dealbook)
The psychology of Bitcoin. (Random Roger)
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