Quote of the day

Seth Godin, “Just as newspapers fell off a cliff, radio is about to follow. It’s going to happen faster than anyone expects. And of course, it will be replaced by a new thing, a long tail of audio that’s similar (but completely different) from what we were looking for from radio all along.”  (Seth Godin)

Chart of the day


Gasoline prices are at 2010 levels.  (Crossing Wall Street also Calculated Risk)


How has the stock market performed after periods of high returns.  (A Wealth of Common Sense)

Energy stocks have been down so long.  (Humble Student)


Bonds as portfolio insurance.  (Alliance Bernstein)

Are fixed income investors taking on too much leverage to goose returns?  (Enterprising Investor)


Josh and Rob Arnott sit down to talk smart beta and fundamental indices.  (The Reformed Broker)

Why the 52-week high has predictive power relative to momentum.  (Alpha Architect)


The big banks are ponying up fines for forex rigging.  (Dealbook, Bloomberg)

There have always been two Microsofts ($MSFT): enterprise and consumer.  (stratechery)

Yahoo ($YHOO) just keeps on rolling up startups, now Brightroll.  (WSJ)

Tough times in the shale oil patch.  (FT)


Bill Ackman now wants to mess with Zoetis ($ZTS) management.  (WSJ)

Dow Chemical ($DOW) is raising its dividend and buying back shares to fight off Dan Loeb.  (Dealbook)


These indicators point towards more employment growth.  (ValuePlays)

How are recent economics PhD graduates doing?  (Marginal Revolution, Free exchange)

Thomas Piketty’s Capital in the Twenty-First Century wins the FT/McKinsey Business Book of the Year award.  (FT)

Earlier on Abnormal Returns

The starting is the hardest part: the case for robo-advisors. (Abnormal Returns)

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

Mixed media

MBA programs ranked.  (Businessweek, Statistical Ideas)

The ESA landed the Philae probe on a comet.  (Space, NYTimes, Vox)

Shoppers are still addicted to bargains.  (WashingtonPost)

Support Abnormal Returns by visiting Amazon, signing up for our daily newsletter or following us on StockTwits, Yahoo Finance 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.