Quote of the day

Joe Weisenthal, “I underestimated the Fed’s power to boost the economy under current conditions.”  (Business Insider)

Chart of the day


Checking in on major asset class performance for the year-to-date.  (Capital Spectator)


Should we fear a period of “high dispersion with low volatility“?  (FT)

Overvalued markets don’t need a catalyst to go down.  (Henry Blodget)


Ten financial resolutions you can actually keep.  (Barry Ritholtz)

Some behavioral resolutions for behavioral investors.  (The Psy-Fi Blog)

Why gold won’t save you from the Apocalypse.  (Kid Dynamite)


Google ($GOOG) and Apple ($AAPL) are fighting for supremacy in the car.  (WSJ)

Apple seems to have “semi-forgotten” about some of its products.  (Collin Donnell via @marco)


Activist investors don’t want their right to pay their board nominees impeded.  (FT)

Voice recognition is going mainstream in online banking.  (Bloomberg)

David Tepper had a good 2013. Why? (NYPost, Business Insider)


Why own bonds?  (IndexUniverse)

Short-term junk bond funds are booming.  (WSJ)

Now is the time to harvest some tax losses.  (IndexUniverse)


Wolfgang Münchau, “The single biggest risk to global financial stability remains the eurozone.”  (FT)

The ECB has been successful in “kicking the can down the road.”  (Econbrowser)

Three big macro questions for 2014.  (Gavyn Davies)

Weak commodities are a central banker’s best friend.  (MoneyBeat)


Why rates are rising: markets are taking the Fed at face value.  (Tim Duy)

Why you should be thankful gold cracked in 2013.  (Joe Weisenthal)

Why Bitcoin, and other crypto-currencies, are doomed to fall: deflationary bias.  (Marginal Revolution)

Earlier on Abnormal Returns

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

Mixed media

Why you should go see Her.  (Marginal Revolution)

Technology is catching up to that seen in past sci-fi movies like Minority Report.  (Daily Ticker)

Josh’s review of true-to-life The Wolf of Wall Street.  (The Reformed Broker)

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