StockTwits
11-23-2011, 12:00 PM
Quote of the day
Edward Sandford Martin, “Thanksgiving Day comes, by statute, once a year; to the honest man it comes as frequently as the heart of gratitude will allow.”
Chart of the day
http://abnormalreturns.com/wp-content/uploads/JNK_LQD1.png (http://quicktakespro.blogspot.com/2011/11/another-ratio.html)
Junk bonds continue to underperform investment grade bonds.* (Behind the Headlines (http://quicktakespro.blogspot.com/2011/11/another-ratio.html))
Markets
The TED spread is set to break out.* (Dynamic Hedge (http://dynamichedge.com/2011/11/23/ted-spread-on-watch-for-breakout/))
This Thanksgiving week is shaping up to be a rough one.* (Bespoke (http://www.bespokeinvest.com/thinkbig/2011/11/23/a-real-turkey-of-a-week.html))
Longer term implied volatility skew is still historically high.* (SurlyTrader (http://www.surlytrader.com/historic-skew/))
There is always demand for a good silver story.* (Kid Dynamite (http://kiddynamitesworld.com/sprott-physical-silver-trust-will-not-go-out-and-buy-1-5b-in-silver-imminently))
It is hard to keep a good muni bond ETF down.* (Dragonfly Capital (http://dragonflycap.com/2011/11/23/high-profile-municipal-defaults-cant-sink-the-muni-etf/))
Strategy
The Euro mess is going to be worse than 2008.* (UpsideTrader (http://www.upsidetrader.com/2011/11/23/watching-the-global-meltdown/) also TRB (http://www.thereformedbroker.com/2011/11/23/welcome-to-the-global-shtshow/), The Fly (http://ibankcoin.com/flyblog/2011/11/23/fundamentals-and-technicals-are-no-longer-relevant/))
It’s not 2008, it’s 2003.* (ValuePlays (http://www.valueplays.net/2011/11/23/davidson-current-market-not-2008-more-like-2003/))
Corporate profits:* something’s got to give.* (Calafia Beach Pundit (http://scottgrannis.blogspot.com/2011/11/corporate-profits-are-still-very-strong.html))
Companies
The biotech dilemma: buy or dividend?* (Capital Observer (http://capitalobserver.com/?p=6058))
Why companies have shorter lifetimes than they used to.* (Forbes (http://www.forbes.com/sites/stevedenning/2011/11/19/peggy-noonan-on-steve-jobs-and-why-big-companies-die/), Carpe Diem (http://mjperry.blogspot.com/2011/11/fortune-500-firms-in-1955-vs-2011-87.html))
Where is Microsoft’s ($MSFT (http://stocktwits.com/symbol/MSFT)) earnings growth going to come from?* (Asymco (http://www.asymco.com/2011/11/22/where-is-microsofts-growth-going-to-come-from/))
The defense industry is not done.* (Marketwatch (http://www.marketwatch.com/story/why-everyone-is-wrong-about-defense-2011-11-23))
Can Tim Hortons’ ($THI (http://stocktwits.com/symbol/THI)) break out of its borders?* (YCharts Blog (http://ycharts.com/analysis/story/a_company_chief_wiggum_could_love_tim_hortons_cana dian_donut_king))
The case for Netflix ($NFLX (http://stocktwits.com/symbol/NFLX)) stock.* (Term Sheet (http://finance.fortune.cnn.com/2011/11/23/netflix-is-a-buy/) also Peridot Capitalist (http://www.peridotcapitalist.com/2011/11/more-on-netflixs-valuation-and-how-the-ceo-doesnt-own-a-single-share.html))
Finance
In defense of Jefferies Group ($JEF (http://stocktwits.com/symbol/JEF)).* (MarketBeat (http://blogs.wsj.com/marketbeat/2011/11/23/jefferies-oppenheimer-jumps-into-the-ring/), ibid (http://blogs.wsj.com/marketbeat/2011/11/23/jefferies-gimme-credit-upgrades-it-to-buy/))
John Corzine has some explaining to do.* Don’t expect him to talk to Congress, however.* (Dealbook (http://dealbook.nytimes.com/2011/11/22/congressional-panel-seeks-to-question-corzine/))
Groupon ($GRPN (http://stocktwits.com/symbol/GRPN)) breaks its offering price.* (SAI (http://www.businessinsider.com/groupon-crashes-through-ipo-price-2011-11))
What the soon to-be rich should be thinking about.* (peHUB (http://www.pehub.com/126924/if-your-stock-is-valuable-youre-already-running-late-says-expert/))
The downside of secondary private markets – a lack of disclosure.* (Dealbook (http://dealbook.nytimes.com/2011/11/22/private-markets-offer-valuable-service-but-little-disclosure/))
The STOCK Act doesn’t get the job done.* (The Atlantic (http://www.theatlantic.com/business/print/2011/11/the-underwhelming-stock-act/248960/))
Funds
Tough times for active managers these days.* (FT (http://www.ft.com/intl/cms/s/0/5ffe5896-0179-11e1-ae24-00144feabdc0.html))
Why are investors still so willing to pony up for high fee hedge funds?* (Dealbook (http://dealbook.nytimes.com/2011/11/22/despite-a-rough-year-hedge-funds-maintain-their-mystique/))
What is the best way to form a low volatility fund?* (Falkenblog (http://falkenblog.blogspot.com/2011/11/characteristics-vs-factors.html))
Muni bond ETFs are becoming increasingly popular.* (Bond Buyer (http://www.bondbuyer.com/issues/120_226/municipal-bond-exchange-traded-funds-1033468-1.html))
Comparing emerging market bond ETFs.* (Morningstar (http://news.morningstar.com/articlenet/article.aspx?id=436634))
Global
A German bond auction failed. Time to worry?* (MarketBeat (http://blogs.wsj.com/marketbeat/2011/11/23/germanys-bond-auction-fail-heres-what-it-means/), FT Alphaville (http://ftalphaville.ft.com/blog/2011/11/23/759801/the-bund-that-broke-the-bundesbank/), Bespoke (http://www.bespokeinvest.com/thinkbig/2011/11/23/germany-catches-the-sniffles.html), Crackerjack Finance (http://crackerjackfinance.com/2011/11/germany%E2%80%99s-first-failed-bond-auction-%E2%80%93-the-european-crisis-continues-to-spread/))
Is this the wake-up call Europe needs?* (Free exchange (http://www.economist.com/blogs/freeexchange/2011/11/euro-crisis-17), The Atlantic (http://www.theatlantic.com/business/print/2011/11/german-bond-auction-fails/249019/))
Investors are focused on a European crisis vs. a general financial crisis.* (Data Diary (http://www.datadiary.com.au/2011/11/23/duelling-googles-european-crisis-versus-financial-crisis/))
Economy
The US economy can’t sidestep a Euro recession.* (Gavyn Davies (http://blogs.ft.com/gavyndavies/2011/11/22/us-escapes-eurozone-contagion-so-far/))
Weekly initial unemployment claims continue to track under 400k.* (Calculated Risk (http://www.calculatedriskblog.com/2011/11/weekly-initial-unemployment-claims-at.html), Capital Spectator (http://www.capitalspectator.com/archives/2011/11/a_mixed_bag_of.html))
Trucks were rolling in October.* (Calculated Risk (http://www.calculatedriskblog.com/2011/11/ata-trucking-index-increased-05-in.html))
There is an insatiable demand for insights into what the Fed is up to.* (WSJ (http://online.wsj.com/article/SB10001424052970204554204577025922155198762.html))
Earlier on Abnormal Returns
Luck, skill and the drive to succeed.* (Abnormal Returns (http://abnormalreturns.com/luck-skill-and-the-drive-to-succeed/))
The A-list: newish finance blogs worth a look.* (Abnormal Returns (http://abnormalreturns.com/the-a-list-new-finance-blogs/))
What you missed in our Wednesday morning linkfest.* (Abnormal Returns (http://abnormalreturns.com/wednesday-7atseven-further-stresses/))
Mixed media
Can birds plan for retirement?* (Total Return (http://blogs.wsj.com/totalreturn/2011/11/22/can-birds-plan-for-retirement/))
How to lose weight.* (Kid Dynamite (http://kiddynamitesworld.com/how-to-lose-weight-spoiler-alert-eat-less-work-out-more))
Why people embrace conspiracy theories.* (Seth Godin (http://sethgodin.typepad.com/seths_blog/2011/11/the-marketing-of-conspiracy-theories.html))
Abnormal Returns is a founding member of the StockTwits Blog Network (http://stocktwits.com/blogs).
http://abnormalreturns.com/709acc8d/d155e057/FeedBurner/1.0 (http://www.FeedBurner.com).gif http://feedads.g.doubleclick.net/~a/BbZmryeMxlblV6YSlSTh1br1kuc/0/di (http://feedads.g.doubleclick.net/~a/BbZmryeMxlblV6YSlSTh1br1kuc/0/da)
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http://feeds.feedburner.com/~r/abnormalreturns/~4/irydLjeLkpc
see story at Abnormal Returns site...(RSS feed) (http://feedproxy.google.com/~r/abnormalreturns/~3/irydLjeLkpc/)
Edward Sandford Martin, “Thanksgiving Day comes, by statute, once a year; to the honest man it comes as frequently as the heart of gratitude will allow.”
Chart of the day
http://abnormalreturns.com/wp-content/uploads/JNK_LQD1.png (http://quicktakespro.blogspot.com/2011/11/another-ratio.html)
Junk bonds continue to underperform investment grade bonds.* (Behind the Headlines (http://quicktakespro.blogspot.com/2011/11/another-ratio.html))
Markets
The TED spread is set to break out.* (Dynamic Hedge (http://dynamichedge.com/2011/11/23/ted-spread-on-watch-for-breakout/))
This Thanksgiving week is shaping up to be a rough one.* (Bespoke (http://www.bespokeinvest.com/thinkbig/2011/11/23/a-real-turkey-of-a-week.html))
Longer term implied volatility skew is still historically high.* (SurlyTrader (http://www.surlytrader.com/historic-skew/))
There is always demand for a good silver story.* (Kid Dynamite (http://kiddynamitesworld.com/sprott-physical-silver-trust-will-not-go-out-and-buy-1-5b-in-silver-imminently))
It is hard to keep a good muni bond ETF down.* (Dragonfly Capital (http://dragonflycap.com/2011/11/23/high-profile-municipal-defaults-cant-sink-the-muni-etf/))
Strategy
The Euro mess is going to be worse than 2008.* (UpsideTrader (http://www.upsidetrader.com/2011/11/23/watching-the-global-meltdown/) also TRB (http://www.thereformedbroker.com/2011/11/23/welcome-to-the-global-shtshow/), The Fly (http://ibankcoin.com/flyblog/2011/11/23/fundamentals-and-technicals-are-no-longer-relevant/))
It’s not 2008, it’s 2003.* (ValuePlays (http://www.valueplays.net/2011/11/23/davidson-current-market-not-2008-more-like-2003/))
Corporate profits:* something’s got to give.* (Calafia Beach Pundit (http://scottgrannis.blogspot.com/2011/11/corporate-profits-are-still-very-strong.html))
Companies
The biotech dilemma: buy or dividend?* (Capital Observer (http://capitalobserver.com/?p=6058))
Why companies have shorter lifetimes than they used to.* (Forbes (http://www.forbes.com/sites/stevedenning/2011/11/19/peggy-noonan-on-steve-jobs-and-why-big-companies-die/), Carpe Diem (http://mjperry.blogspot.com/2011/11/fortune-500-firms-in-1955-vs-2011-87.html))
Where is Microsoft’s ($MSFT (http://stocktwits.com/symbol/MSFT)) earnings growth going to come from?* (Asymco (http://www.asymco.com/2011/11/22/where-is-microsofts-growth-going-to-come-from/))
The defense industry is not done.* (Marketwatch (http://www.marketwatch.com/story/why-everyone-is-wrong-about-defense-2011-11-23))
Can Tim Hortons’ ($THI (http://stocktwits.com/symbol/THI)) break out of its borders?* (YCharts Blog (http://ycharts.com/analysis/story/a_company_chief_wiggum_could_love_tim_hortons_cana dian_donut_king))
The case for Netflix ($NFLX (http://stocktwits.com/symbol/NFLX)) stock.* (Term Sheet (http://finance.fortune.cnn.com/2011/11/23/netflix-is-a-buy/) also Peridot Capitalist (http://www.peridotcapitalist.com/2011/11/more-on-netflixs-valuation-and-how-the-ceo-doesnt-own-a-single-share.html))
Finance
In defense of Jefferies Group ($JEF (http://stocktwits.com/symbol/JEF)).* (MarketBeat (http://blogs.wsj.com/marketbeat/2011/11/23/jefferies-oppenheimer-jumps-into-the-ring/), ibid (http://blogs.wsj.com/marketbeat/2011/11/23/jefferies-gimme-credit-upgrades-it-to-buy/))
John Corzine has some explaining to do.* Don’t expect him to talk to Congress, however.* (Dealbook (http://dealbook.nytimes.com/2011/11/22/congressional-panel-seeks-to-question-corzine/))
Groupon ($GRPN (http://stocktwits.com/symbol/GRPN)) breaks its offering price.* (SAI (http://www.businessinsider.com/groupon-crashes-through-ipo-price-2011-11))
What the soon to-be rich should be thinking about.* (peHUB (http://www.pehub.com/126924/if-your-stock-is-valuable-youre-already-running-late-says-expert/))
The downside of secondary private markets – a lack of disclosure.* (Dealbook (http://dealbook.nytimes.com/2011/11/22/private-markets-offer-valuable-service-but-little-disclosure/))
The STOCK Act doesn’t get the job done.* (The Atlantic (http://www.theatlantic.com/business/print/2011/11/the-underwhelming-stock-act/248960/))
Funds
Tough times for active managers these days.* (FT (http://www.ft.com/intl/cms/s/0/5ffe5896-0179-11e1-ae24-00144feabdc0.html))
Why are investors still so willing to pony up for high fee hedge funds?* (Dealbook (http://dealbook.nytimes.com/2011/11/22/despite-a-rough-year-hedge-funds-maintain-their-mystique/))
What is the best way to form a low volatility fund?* (Falkenblog (http://falkenblog.blogspot.com/2011/11/characteristics-vs-factors.html))
Muni bond ETFs are becoming increasingly popular.* (Bond Buyer (http://www.bondbuyer.com/issues/120_226/municipal-bond-exchange-traded-funds-1033468-1.html))
Comparing emerging market bond ETFs.* (Morningstar (http://news.morningstar.com/articlenet/article.aspx?id=436634))
Global
A German bond auction failed. Time to worry?* (MarketBeat (http://blogs.wsj.com/marketbeat/2011/11/23/germanys-bond-auction-fail-heres-what-it-means/), FT Alphaville (http://ftalphaville.ft.com/blog/2011/11/23/759801/the-bund-that-broke-the-bundesbank/), Bespoke (http://www.bespokeinvest.com/thinkbig/2011/11/23/germany-catches-the-sniffles.html), Crackerjack Finance (http://crackerjackfinance.com/2011/11/germany%E2%80%99s-first-failed-bond-auction-%E2%80%93-the-european-crisis-continues-to-spread/))
Is this the wake-up call Europe needs?* (Free exchange (http://www.economist.com/blogs/freeexchange/2011/11/euro-crisis-17), The Atlantic (http://www.theatlantic.com/business/print/2011/11/german-bond-auction-fails/249019/))
Investors are focused on a European crisis vs. a general financial crisis.* (Data Diary (http://www.datadiary.com.au/2011/11/23/duelling-googles-european-crisis-versus-financial-crisis/))
Economy
The US economy can’t sidestep a Euro recession.* (Gavyn Davies (http://blogs.ft.com/gavyndavies/2011/11/22/us-escapes-eurozone-contagion-so-far/))
Weekly initial unemployment claims continue to track under 400k.* (Calculated Risk (http://www.calculatedriskblog.com/2011/11/weekly-initial-unemployment-claims-at.html), Capital Spectator (http://www.capitalspectator.com/archives/2011/11/a_mixed_bag_of.html))
Trucks were rolling in October.* (Calculated Risk (http://www.calculatedriskblog.com/2011/11/ata-trucking-index-increased-05-in.html))
There is an insatiable demand for insights into what the Fed is up to.* (WSJ (http://online.wsj.com/article/SB10001424052970204554204577025922155198762.html))
Earlier on Abnormal Returns
Luck, skill and the drive to succeed.* (Abnormal Returns (http://abnormalreturns.com/luck-skill-and-the-drive-to-succeed/))
The A-list: newish finance blogs worth a look.* (Abnormal Returns (http://abnormalreturns.com/the-a-list-new-finance-blogs/))
What you missed in our Wednesday morning linkfest.* (Abnormal Returns (http://abnormalreturns.com/wednesday-7atseven-further-stresses/))
Mixed media
Can birds plan for retirement?* (Total Return (http://blogs.wsj.com/totalreturn/2011/11/22/can-birds-plan-for-retirement/))
How to lose weight.* (Kid Dynamite (http://kiddynamitesworld.com/how-to-lose-weight-spoiler-alert-eat-less-work-out-more))
Why people embrace conspiracy theories.* (Seth Godin (http://sethgodin.typepad.com/seths_blog/2011/11/the-marketing-of-conspiracy-theories.html))
Abnormal Returns is a founding member of the StockTwits Blog Network (http://stocktwits.com/blogs).
http://abnormalreturns.com/709acc8d/d155e057/FeedBurner/1.0 (http://www.FeedBurner.com).gif http://feedads.g.doubleclick.net/~a/BbZmryeMxlblV6YSlSTh1br1kuc/0/di (http://feedads.g.doubleclick.net/~a/BbZmryeMxlblV6YSlSTh1br1kuc/0/da)
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http://feeds.feedburner.com/~r/abnormalreturns/~4/irydLjeLkpc
see story at Abnormal Returns site...(RSS feed) (http://feedproxy.google.com/~r/abnormalreturns/~3/irydLjeLkpc/)