Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at why the financial media is filled with irrelevant charts and statistics.

Quote of the Day

"In other words, the vast majority of currency movements cannot be explained and are beyond our grasp (or simple noise)."

(Joachim Klement)

Chart of the Day

How to simple model to forecast stock market returns beats the CAPE ratio.