Quote of the day

Jeff Miller, “If you were frightened about your investments last week, your stock positions are too big. You cannot react logically and effectively if you are paralyzed with fear.”  (A Dash of Insight)

Chart of the day

Small caps continue to lag.  (StockCharts Blog)

Markets

Regional banks don’t like the shrinking credit spread.  (StockCharts Blog)

Jeremy Grantham is looking for an M&A led market blow off.  (The Reformed Broker)

What’s wrong with the Korean and Chinese stock markets?  (Short Side of Long)

Strategy

Three reasons why it is a great time to be an investor.  (Jonathan Clements)

In praise of simple companies.  (Morgan Housel)

Sitting on your hands is an important part of any strategy.  (ZorTrades)

Why valuation metrics won’t help you time a stock market top.  (Pragmatic Capitalism)

On the value of finding your own “investing tribe.”  (The Escape Artist via Monevator)

Companies

The case for Yahoo ($YHOO) stock ahead of the Alibaba IPO. (Marketwatch)

Regulations are tilted against innovative internet TV services.  (GigaOM)

Finance

We need to re-think our standards for what constitutes a ‘sophisticated investor.’  (Jason Zweig)

Subprime lending for used cars is booming.  (Dealbook)

ETFs

More evidence that consistently outperforming the market is really tough.  (NYTimes)

Limited returns dispersion is making it tough for stock pickers.  (Focus on Funds)

Global

Why the Chinese economic growth hasn’t fallen off the map, yet.  (Marginal Revolution)

Economy

Why isn’t anybody talking about the deficit any more?  (Washington Post)

What matters more? National income inequality or global income inequality?  (The Upshot)

Why aren’t construction wages rising?  (Barry Ritholtz)

A look back at the economic week that was.  (Bonddad Blog, Big Picture)

The economic schedule for the coming week.  (Calculated Risk)

Earlier on Abnormal Returns

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

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

Mixed media

The best things often take a little more work.  (A VC)

Is  Kindle Unlimited worth it?  (Washington Post)

Bob Lefsetz, “The virality of John Oliver’s HBO program is astounding.”  (Big Picture)

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