If you are still looking for a holiday gift at this point you are pretty much out of luck. Luckily for you everyone loves Amazon gift cards which they can use on all manner of cool stuff like a Kindle Paperwhite.
Quote of the Day
"Viewed this way, the instinct to bash self-gifting is like any other moralizing personal finance trope: heaping scorn on men and women for behaving in entirely predictable ways."
(Helaine Olen)
Chart of the Day

Irrational exuberance illustrated: the case of the Herzfeld Caribbean Basin Fund ($CUBA).
Markets
- Don't look now but the 2-year Treasury note is pushing higher. (kimblecharting.tumblr.com)
- Either junk bonds or stocks are wrong. (thefelderreport.com)
- A stronger economy has been a key market driver in 2014. (capitalspectator.com)
- When Pres. Obama made an epic market call. (businessinsider.com)
Strategy
- Using dual momentum with credit bond ETFs. (dualmomentum.net)
- Reviewing one of the worst op-eds in history. (washingtonpost.com)
Companies
- T-Mobile ($TMUS) had a good year. (money.cnn.com)
- Why big media, like Disney ($DIS), is betting big on YouTube content. (techcrunch.com)
- Amazon ($AMZN) may have missed on phones but their tablets are doing well. (ft.com)
- Technologies to watch in 2015. (recode.net)
Funds
- One area where ETFs excel: tax-loss harvesting. (etf.com)
- Activist investors have discovered credit default swaps. (wsj.com)
- Where fund managers went wrong in 2015. (marketwatch.com)
Economy
- Weekly initial unemployment claims continue to trend below 300,000. (calculatedriskblog.com)
- More signs of economic growth. (scottgrannis.blogspot.com)
- Chemical activity continues to point towards economic growth. (valueplays.net)
Earlier on Abnormal Returns
- Personal finance links: investing excuses. (abnormalreturns.com)
- Longform links: winning the book wars. (abnormalreturns.com)
- What you may have missed in our Tuesday linkfest. (abnormalreturns.com)