Book list: The best books of year from Arnold Kling including Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us Safe by Greg Ip.  (askblog)

Quote of the Day

"It is impossible to follow more than a handful of publicly traded companies closely enough to be able to have a strong opinion on their long term prospects. Yet Cramer delivers a seemingly infinite amount of opinions on any company he is asked about on a daily basis."

(Steven Spencer)

Chart of the Day

The S&P 500 is back above its 200 day moving average. However the equal-weight S&P 500 is lagging.