You can keep up with all of our posts by signing up for our daily e-mail. Thousands of other readers already have. Don’t miss out!

Quote of the day

Phil Pearlman, “So we had these two gigantic bubbles and we were all affected and the culture was affected and yet we don’t really acknowledge how affected we were and how the remnants of those events shade our interpretations of present experiences.”  (Phil Pearlman)

Chart of the day

DAL_1213

Delta Air Lines ($DAL) looks like a new company.  (AlphaNow)

Markets

European markets are rolling over.  (The Short Side of Long)

2014 stock performance will have nothing to do with 2013.  (Mark Hulbert)

Investment managers are leveraged long.  (All Star Charts)

Seven reasons from Doug Kass why the market is overvalued.  (Pragmatic Capitalism, TheStreet)

REITs now look relatively attractive.  (Morningstar)

Strategy

AMR Corp. will be one of the few bankruptcies in which equity holders come out ahead.  (WSJ)

Why wirehouse advisers should become RIAs.  (InvestmentNews)

Technology

The semantic search business is not a one-horse race.  (Business Insider)

Why your phone may soon see in 3D.  (TechCrunch)

Investors are moving beyond Twitter ($TWTR) to find social startups.  (Bloomberg)

IPOs

On the seasonality of IPOs.  (Reuters)

Hong Kong is experiencing a mini-IPO boom.  (FT)

Some companies that could go public in 2014.  (Hunter Walk)

Companies

Should AT&T ($T) buy Vodafone ($VOD)?  (FT)

How Hess Corp. ($HES) has shrunk itself to success.  (Term Sheet)

How Intuit ($INTU) left $600 million on the table.  (Term Sheet)

Finance

A look at the world’s first hedge fund ad.  (Focus on Funds, Buzzfeed)

There is a bull market in firms offering managed ETF strategies.  (Reuters)

Remember credit derivatives? Clearing and collateral issue still remain.  (Felix Salmon)

Funds

How to invest in muni bonds: low cost and broad diversification.  (Vanguard Blog)

Slicing the dicing the market taken to its illogical extremes.  (Vanguard Blog via Focus on Funds)

Gold miners are falling but the ETFs are gaining assets.  (IndexUniverse)

Economy

New home sales surged in October.  (Calculated Risk, Bloomberg)

Why the ISM manufacturing data is running ahead of the “hard data.”  (FT Alphaville)

While the non-manufacturing data for November showed some erosion.  (Calculated Risk)

Americans are borrowing to buy new cars.  (Quartz also Dr. Ed’s Blog)

An honest debate about the value of raising the minimum wage.  (FT Alphaville)

Earlier on Abnormal Returns

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

Mixed media

On the difference between a breakthrough innovation and a product upgrade.  (WSJ)

The failed promise of 23andMe.  (Bloomberg)

SpaceX successfully puts its first commercial payload into orbit.  (Space, LATimes)

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.