E-MAIL ALERT: We have noticed an uptick in our daily e-mails getting caught in spam filters, especially for Yahoo e-mail addresses. If you haven’t received our daily e-mail digest in a while this may be the reason why. Please add newsletter-at-abnormalreturns.com (replace -at- with @) to your address book or whitelist. You may also need to re-subscribe. If so, head on over here. Thanks for your patience and assistance.

Quote of the Day

"Your mutual fund manager and his firm are in business to make money, first for themselves. The fund is a product. You are the consumers...Loyalty is not a two-way street in the investment world. It is strictly buyer beware."

(Edward A. Studzinski)

Chart of the Day

Oil prices have risen YTD without a whole lot of hype. (@koyfin)

(wsj.com)