StockTwits
08-14-2011, 06:51 AM
Quote of the day
ETF Replay, “If you have a well-defined investment process, your only real enemy is yourself — not volatility.” (@ETFreplay (https://twitter.com/#%21/etfreplay/statuses/102067101744906243))
Chart of the day
http://abnormalreturns.com/wp-content/uploads/SPY_TNX.jpg (http://blogs.reuters.com/felix-salmon/2011/08/12/chart-of-the-day-the-great-earnings-yield-divergence/)
The opportunity cost of not buying stocks is “enormous.”* (Felix Salmon (http://blogs.reuters.com/felix-salmon/2011/08/12/chart-of-the-day-the-great-earnings-yield-divergence/))
Markets
The Percent Buy Index is now oversold, but that does not necessarily mean an imminent rally.* (Pragmatic Capitalism (http://pragcap.com/percent-buy-index-deeply-oversold))
Putting the correction into perspective.* (Chart of the Day (http://pragcap.com/putting-the-correction-in-perspective))
The technology vs. industrial trade continues unabated.* (Bespoke (http://www.bespokeinvest.com/thinkbig/2011/8/12/relative-strength-of-industrials-and-technology-vs-sp-500.html))
Dark crosses abound.* (Humble Student (http://humblestudentofthemarkets.blogspot.com/2011/08/dark-crosses-everywhere.html))
High yield bond spreads may have room to go a lot higher.* (MarketBeat (http://blogs.wsj.com/marketbeat/2011/08/12/credit-market-indicators-suggest-darker-days-ahead/), WSJ (http://online.wsj.com/article/SB10001424053111904006104576504341451448156.html))
A look at S&P 500 sector weightings over time.* (Bespoke (http://bespokeinvest.squarespace.com/thinkbig/2011/8/12/recent-changes-in-sp-500-sector-weightings.html))
Strategy
High dividend yielders remain the market’s best bet.* (Barron’s (http://online.barrons.com/article/SB50001424052702303996204576496241925718076.html))
Capital preservation is job one right now.* (UpsideTrader (http://www.upsidetrader.com/2011/08/13/the-fed-says-bye-bye-to-extended-period-and-yes-we-are-japan/))
In this market instead of searching for someone/thing to blame why not take ask yourself the right questions. (TraderMD (http://tradermd.com/2011/08/12/searching-for-a-source-of-blame/))
If you can’t sleep at night due to your investments you are doing something wrong.* (Investing Caffeine (http://investingcaffeine.com/2011/08/13/sleeping-like-a-baby-with-your-investment-dollars/))
Why investors panic.* (MarketBeat (http://blogs.wsj.com/marketbeat/2011/08/12/hitting-the-panic-button/))
What is the true impact of outliers on market returns?* (World Beta (http://www.mebanefaber.com/2011/08/12/where-the-black-swans-hide-and-the-ten-best-days-myth/))
Companies
Cisco ($CSCO (http://stocktwits.com/symbol/CSCO)) is beset with existential threats.* (Barron’s (http://online.barrons.com/article/SB50001424052702303996204576496290025663906.html))
Is Blackstone Group ($BX (http://stocktwits.com/symbol/BX)) cheap?* (Term Sheet (http://finance.fortune.cnn.com/2011/08/12/is-blackstone-a-buy/))
The contrarian case for Bank of America ($BAC (http://stocktwits.com/symbol/BAC)).* (Barron’s (http://online.barrons.com/article/SB50001424052702303996204576496294158401666.html))
Mutual funds
David Swensen on the merry-go round of mutual fund performance.* (NYTimes (http://www.nytimes.com/2011/08/14/opinion/sunday/the-mutual-fund-merry-go-round.html))
Mutual fund investors are short-term investors who think they are long-term investors.* (Aleph Blog (http://alephblog.com/2011/08/13/the-rules-part-xxiv/))
An interview with the guys who run the new Goodhaven Fund.* (Barron’s (http://online.barrons.com/article/SB50001424052702303996204576496330911722832.html))
The anachronistic HOLDRs are converting into ETFs.* (IndexUniverse (http://www.indexuniverse.com/hot-topics/9690-six-holdrs-to-become-van-eck-sector-etfs.html))
Finance
Mortgage REITs are booming, time to worry.* (WSJ (http://online.wsj.com/article/SB10001424053111904823804576500190163995606.html))
Morgan Stanley ($MS (http://stocktwits.com/symbol/MS)) not Bank of America ($BAC (http://stocktwits.com/symbol/BAC)) was the worst performing financial stock this week.* (Deal Journal (http://blogs.wsj.com/deals/2011/08/12/guess-the-worst-performing-financial-stock-this-week-youre-probably-wrong/))
A big week for insider buying.* (Barron’s (http://blogs.barrons.com/stockstowatchtoday/2011/08/12/biggest-insider-buying-week-since-march-09-where-who/))
How well can the market do if financials continue to be such a drag.* (Dynamic Hedge (http://dynamichedge.com/2011/08/13/marketview-financial-meltdown-edition-financial-select-sector-spdr-xlf-health-care-select-sector-spdr-xlv/))
A good investment bankers should come across as “dull as dishwater.”* (Epicurean Dealmaker (http://epicureandealmaker.blogspot.com/2011/08/top-ten-things-i-have-heard-in.html))
Global
Looking for the trouble in Europe to end badly.* (Pragmatic Capitalism (http://pragcap.com/3-smart-bears))
Your biggest fear should be a liquidity crisis for Eurolenders.* (Global Macro Monitor (http://macromon.wordpress.com/2011/08/12/credit-anstalt-2-0/))
The risks in Europe are skewed to the downside.* (Pragmatic Capitalism (http://pragcap.com/macro-minute-3))
Economy
Joe Weisenthal, “The world is screaming for more US government debt. “* (Money Game (http://www.businessinsider.com/the-biggest-lie-being-told-about-the-us-economy-2011-8) also WaPo (http://www.washingtonpost.com/opinions/what-is-the-stock-market-telling-us/2011/08/10/gIQACdVoBJ_print.html))
Are we already in recession?* (Big Picture (http://www.ritholtz.com/blog/2011/08/are-we-already-in-recession/), MarketBeat (http://blogs.wsj.com/marketbeat/2011/08/12/ecri-leading-index-falls-again-2/))
Consumer sentiment is way ahead of the economy.* Who is correct?* (Money Game (http://www.businessinsider.com/economy-wile-e-coyote-moment-2011-8))
Making the case for the US as Japan.* (WSJ (http://online.wsj.com/article/SB10001424053111904823804576504684049286002.html), Infectious Greed (http://paul.kedrosky.com/archives/2011/08/the-japanification-of-the-west.html), FT Alphaville (http://ftalphaville.ft.com/blog/2011/08/12/652026/are-us-banks-turning-japanese/))
The Fed
The Fed is boxed in.* (Washington Post (http://www.washingtonpost.com/business/how-the-federal-reserve-boxed-itself-in/2011/08/08/gIQASpBYDJ_print.html?wprss=rss_economy))
Why the Fed is engaging in reverse repo transactions.* (FT Alphaville (http://ftalphaville.ft.com/blog/2011/08/12/652166/the-feds-secret-qe-equivalent/))
On the prospects for filling out the Fed with two new members.* (Macroadvisors (http://macroadvisers.blogspot.com/2011/08/meyer-fomc-would-be-strengthened.html))
Earlier on Abnormal Returns
What you missed in our Saturday longform linkfest.* (Abnormal Returns (http://abnormalreturns.com/saturday-links-uncertainty-and-mimicry/))
What other Abnormal Returns readers were reading during this crazy week.* (Abnormal Returns (http://abnormalreturns.com/top-clicks-this-week-on-abnormal-returns-80/))
Mixed media
A positive review for Antti Ilmanen’s Expected Returns.* (Aleph Blog (http://alephblog.com/2011/08/12/book-review-expected-returns/))
Abnormal Returns (http://abnormalreturns.com/) is a founding member of the StockTwits Blog Network (http://stocktwits.com/blogs).
http://abnormalreturns.com/709acc8d/d155e058/FeedBurner/1.0 (http://www.FeedBurner.com).gifhttp://feedads.g.doubleclick.net/~a/6mExukmv80l0j9pjqfhTtDkmlx8/0/di (http://feedads.g.doubleclick.net/~a/6mExukmv80l0j9pjqfhTtDkmlx8/0/da)
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see story at Abnormal Returns site...(RSS feed) (http://feedproxy.google.com/~r/abnormalreturns/~3/Qk7iSr0gyfY/)
ETF Replay, “If you have a well-defined investment process, your only real enemy is yourself — not volatility.” (@ETFreplay (https://twitter.com/#%21/etfreplay/statuses/102067101744906243))
Chart of the day
http://abnormalreturns.com/wp-content/uploads/SPY_TNX.jpg (http://blogs.reuters.com/felix-salmon/2011/08/12/chart-of-the-day-the-great-earnings-yield-divergence/)
The opportunity cost of not buying stocks is “enormous.”* (Felix Salmon (http://blogs.reuters.com/felix-salmon/2011/08/12/chart-of-the-day-the-great-earnings-yield-divergence/))
Markets
The Percent Buy Index is now oversold, but that does not necessarily mean an imminent rally.* (Pragmatic Capitalism (http://pragcap.com/percent-buy-index-deeply-oversold))
Putting the correction into perspective.* (Chart of the Day (http://pragcap.com/putting-the-correction-in-perspective))
The technology vs. industrial trade continues unabated.* (Bespoke (http://www.bespokeinvest.com/thinkbig/2011/8/12/relative-strength-of-industrials-and-technology-vs-sp-500.html))
Dark crosses abound.* (Humble Student (http://humblestudentofthemarkets.blogspot.com/2011/08/dark-crosses-everywhere.html))
High yield bond spreads may have room to go a lot higher.* (MarketBeat (http://blogs.wsj.com/marketbeat/2011/08/12/credit-market-indicators-suggest-darker-days-ahead/), WSJ (http://online.wsj.com/article/SB10001424053111904006104576504341451448156.html))
A look at S&P 500 sector weightings over time.* (Bespoke (http://bespokeinvest.squarespace.com/thinkbig/2011/8/12/recent-changes-in-sp-500-sector-weightings.html))
Strategy
High dividend yielders remain the market’s best bet.* (Barron’s (http://online.barrons.com/article/SB50001424052702303996204576496241925718076.html))
Capital preservation is job one right now.* (UpsideTrader (http://www.upsidetrader.com/2011/08/13/the-fed-says-bye-bye-to-extended-period-and-yes-we-are-japan/))
In this market instead of searching for someone/thing to blame why not take ask yourself the right questions. (TraderMD (http://tradermd.com/2011/08/12/searching-for-a-source-of-blame/))
If you can’t sleep at night due to your investments you are doing something wrong.* (Investing Caffeine (http://investingcaffeine.com/2011/08/13/sleeping-like-a-baby-with-your-investment-dollars/))
Why investors panic.* (MarketBeat (http://blogs.wsj.com/marketbeat/2011/08/12/hitting-the-panic-button/))
What is the true impact of outliers on market returns?* (World Beta (http://www.mebanefaber.com/2011/08/12/where-the-black-swans-hide-and-the-ten-best-days-myth/))
Companies
Cisco ($CSCO (http://stocktwits.com/symbol/CSCO)) is beset with existential threats.* (Barron’s (http://online.barrons.com/article/SB50001424052702303996204576496290025663906.html))
Is Blackstone Group ($BX (http://stocktwits.com/symbol/BX)) cheap?* (Term Sheet (http://finance.fortune.cnn.com/2011/08/12/is-blackstone-a-buy/))
The contrarian case for Bank of America ($BAC (http://stocktwits.com/symbol/BAC)).* (Barron’s (http://online.barrons.com/article/SB50001424052702303996204576496294158401666.html))
Mutual funds
David Swensen on the merry-go round of mutual fund performance.* (NYTimes (http://www.nytimes.com/2011/08/14/opinion/sunday/the-mutual-fund-merry-go-round.html))
Mutual fund investors are short-term investors who think they are long-term investors.* (Aleph Blog (http://alephblog.com/2011/08/13/the-rules-part-xxiv/))
An interview with the guys who run the new Goodhaven Fund.* (Barron’s (http://online.barrons.com/article/SB50001424052702303996204576496330911722832.html))
The anachronistic HOLDRs are converting into ETFs.* (IndexUniverse (http://www.indexuniverse.com/hot-topics/9690-six-holdrs-to-become-van-eck-sector-etfs.html))
Finance
Mortgage REITs are booming, time to worry.* (WSJ (http://online.wsj.com/article/SB10001424053111904823804576500190163995606.html))
Morgan Stanley ($MS (http://stocktwits.com/symbol/MS)) not Bank of America ($BAC (http://stocktwits.com/symbol/BAC)) was the worst performing financial stock this week.* (Deal Journal (http://blogs.wsj.com/deals/2011/08/12/guess-the-worst-performing-financial-stock-this-week-youre-probably-wrong/))
A big week for insider buying.* (Barron’s (http://blogs.barrons.com/stockstowatchtoday/2011/08/12/biggest-insider-buying-week-since-march-09-where-who/))
How well can the market do if financials continue to be such a drag.* (Dynamic Hedge (http://dynamichedge.com/2011/08/13/marketview-financial-meltdown-edition-financial-select-sector-spdr-xlf-health-care-select-sector-spdr-xlv/))
A good investment bankers should come across as “dull as dishwater.”* (Epicurean Dealmaker (http://epicureandealmaker.blogspot.com/2011/08/top-ten-things-i-have-heard-in.html))
Global
Looking for the trouble in Europe to end badly.* (Pragmatic Capitalism (http://pragcap.com/3-smart-bears))
Your biggest fear should be a liquidity crisis for Eurolenders.* (Global Macro Monitor (http://macromon.wordpress.com/2011/08/12/credit-anstalt-2-0/))
The risks in Europe are skewed to the downside.* (Pragmatic Capitalism (http://pragcap.com/macro-minute-3))
Economy
Joe Weisenthal, “The world is screaming for more US government debt. “* (Money Game (http://www.businessinsider.com/the-biggest-lie-being-told-about-the-us-economy-2011-8) also WaPo (http://www.washingtonpost.com/opinions/what-is-the-stock-market-telling-us/2011/08/10/gIQACdVoBJ_print.html))
Are we already in recession?* (Big Picture (http://www.ritholtz.com/blog/2011/08/are-we-already-in-recession/), MarketBeat (http://blogs.wsj.com/marketbeat/2011/08/12/ecri-leading-index-falls-again-2/))
Consumer sentiment is way ahead of the economy.* Who is correct?* (Money Game (http://www.businessinsider.com/economy-wile-e-coyote-moment-2011-8))
Making the case for the US as Japan.* (WSJ (http://online.wsj.com/article/SB10001424053111904823804576504684049286002.html), Infectious Greed (http://paul.kedrosky.com/archives/2011/08/the-japanification-of-the-west.html), FT Alphaville (http://ftalphaville.ft.com/blog/2011/08/12/652026/are-us-banks-turning-japanese/))
The Fed
The Fed is boxed in.* (Washington Post (http://www.washingtonpost.com/business/how-the-federal-reserve-boxed-itself-in/2011/08/08/gIQASpBYDJ_print.html?wprss=rss_economy))
Why the Fed is engaging in reverse repo transactions.* (FT Alphaville (http://ftalphaville.ft.com/blog/2011/08/12/652166/the-feds-secret-qe-equivalent/))
On the prospects for filling out the Fed with two new members.* (Macroadvisors (http://macroadvisers.blogspot.com/2011/08/meyer-fomc-would-be-strengthened.html))
Earlier on Abnormal Returns
What you missed in our Saturday longform linkfest.* (Abnormal Returns (http://abnormalreturns.com/saturday-links-uncertainty-and-mimicry/))
What other Abnormal Returns readers were reading during this crazy week.* (Abnormal Returns (http://abnormalreturns.com/top-clicks-this-week-on-abnormal-returns-80/))
Mixed media
A positive review for Antti Ilmanen’s Expected Returns.* (Aleph Blog (http://alephblog.com/2011/08/12/book-review-expected-returns/))
Abnormal Returns (http://abnormalreturns.com/) is a founding member of the StockTwits Blog Network (http://stocktwits.com/blogs).
http://abnormalreturns.com/709acc8d/d155e058/FeedBurner/1.0 (http://www.FeedBurner.com).gifhttp://feedads.g.doubleclick.net/~a/6mExukmv80l0j9pjqfhTtDkmlx8/0/di (http://feedads.g.doubleclick.net/~a/6mExukmv80l0j9pjqfhTtDkmlx8/0/da)
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see story at Abnormal Returns site...(RSS feed) (http://feedproxy.google.com/~r/abnormalreturns/~3/Qk7iSr0gyfY/)