Now is the time to check out cool stuff for the holidays including: Chris Hadfield’s An Astronaut’s Guide to Life on Earth.

Quote of the day

Jeffrey Gundlach, “Look at the dichotomy this year between high-yield bonds and emerging-market bonds. High-yield bonds are up 6% or 7%, but emerging-market bonds are down 6% or 7%. That’s a pretty large swing in the value proposition.”  (Barron’s)

Chart of the day


Stocks outyield bonds just about everywhere.  (Blackrock via BI)


There’s never been a better time to be an individual investor.  (Jason Zweig)

TIPS are poised for their worst year ever.  (MoneyBeat)

The ‘Santa Claus rally‘ is a bit of a myth.  (Mark Hulbert)

Just how good (or bad) are sell-side analyst estimates?  (A Dash of Insight)


Greg Harmon, “This game of the stock market and investing is a marathon. Not a sprint and the winners of the marathon are those that trained the hardest and kept trying to improve. They persisted. ”  (Dragonfly Capital)

Nine tips to become a more patient investor.  (Clear Eyes Investing via Monevator)

The price of online portfolio management keeps getting pushed down.  (Barron’s)


Messaging has shown itself to be a killer mobile app.  (Pando Daily)

iOS users spend a lot more than their Android counterparts.  (Business Insider also Quartz)

Why are VCs pouring money into the food industry?  (Pando Daily)


Why does the economy seem to do better under Democratic presidents?  (Econbrowser, Marginal Revolution)

Due to the island’s economic woes Puerto Ricans are leaving in droves.  (WashingtonPost)

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

The economic schedule for the coming week.  (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

Still waiting for Bitcoin to get boring.  (Felix Salmon)

Why is the NFL a 501(c)(6) tax-exempt organization?  (Politico)

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