Abnormal Returns
12-16-2011, 10:24 AM
Quote of the day
Jeff Miller, “Ask not what some pundit thinks should happen. Ask instead what is most likely to happen.” (A Dash of Insight (http://oldprof.typepad.com/a_dash_of_insight/2011/12/how-investors-should-think-about-europe.html))
Chart of the day
http://www.finviz.com/publish/121611/MUBc0wl1059.png (http://www.finviz.com/publish/121611/MUBc0wl1059.png)
Muni bonds did not read from the Meredith Whitney playbook. (MarketBeat (http://blogs.wsj.com/marketbeat/2011/12/16/muni-bonds-have-not-been-kind-to-meredith-whitney-this-year/))
Markets
Does Time’s choice of “The Protesters” point to equity gains in 2012? (Minyanville (http://www.minyanville.com/businessmarkets/articles/stock-market-social-mood-person-of/12/15/2011/id/38396))
An old school model that points towards equity market gains in 2012. (Mark Hulbert (http://www.marketwatch.com/story/market-will-be-10-higher-in-six-months-2011-12-16))
Gold is having an identity crisis. (WSJ (http://online.wsj.com/article/SB10001424052970204844504577100723827109402.html))
A look at analyst ratings. (Bespoke (http://www.bespokeinvest.com/thinkbig/2011/12/15/a-look-at-analyst-ratings.html))
Peter L. Brandt, “There is an enormous difference between a market opinion and a market position” (Peter L. Brandt (http://peterlbrandt.com/a-zany-announcement-i-sometimes-change-my-mind-about-markets/))
Bonds
Are Treasuries still a safe haven? (Total Return (http://blogs.wsj.com/totalreturn/2011/12/16/treasurys-safe-haven-or-not/), Random Roger (http://randomroger.blogspot.com/2011/12/what-happens-if-correlations-change.html),
Are Treasuries a crowded trade? (Humble Student of the Markets (http://humblestudentofthemarkets.blogspot.com/2011/12/are-treasury-bonds-crowded-long.html))
Predictions
Ten OUTRAGEOUS predictions from Saxo Bank for 2012. (The Reformed Broker (http://www.thereformedbroker.com/2011/12/16/saxo-banks-outrageous-predictions-for-2012/))
Two reasons why the five reasons to ignore top ten lists are in error. (Above the Market (http://rpseawright.wordpress.com/2011/12/16/2-reasons-to-question-5-reasons-to-ignore-top-10-stock-lists/))
5 reasons to safely ignore ‘top 10 stocks for 2012‘ listicles. (Abnormal Returns (http://abnormalreturns.com/5-reasons-to-ignore-top-10-stock-lists/))
Companies
CEOs of startups like Zynga ($ZNGA (http://stocktwits.com/symbol/ZNGA)) don’t need an IPO to cash out these days. (WSJ (http://online.wsj.com/article/SB10001424052970204844504577100713531520358.html), Dealbook (http://dealbook.nytimes.com/2011/12/15/zynga-raise-1-billion-in-i-p-o/))
The outlook for Yahoo! ($YHOO (http://stocktwits.com/symbol/YHOO)). Meh. (SAI (http://www.businessinsider.com/wall-street-begins-to-throw-in-the-towel-on-yahoo-again-2011-12))
Everything is smaller in Texas? The Apple A5 chip is made in Austin. (Reuters (http://www.reuters.com/article/2011/12/16/us-apple-samsung-idUSTRE7BF0D420111216))
The fracking revolution is likely to cause a boom in pipeline building for the likes of Kinder Morgan ($KMI (http://stocktwits.com/symbol/KMI)). (NYTimes (http://www.nytimes.com/2011/12/16/business/energy-environment/kinder-morgans-big-bet-on-fracking-boom.html))
Finance
Rogue traders don’t like to go on vacation. (Marketplace (http://www.marketplace.org/topics/business/easy-street/credit-suisse-makes-life-little-harder-aspiring-rogue-traders))
E-Trade ($ETFC (http://stocktwits.com/symbol/ETFC)) joins the commission-free ETF trading game. (ETFdb (http://etfdb.com/2011/etrade-joins-commission-free-etf-party/))
Scott Bell, “It’s time for the 1% to act like a caring older brother instead of a punk bully punching us in the arm every chance they get.” (I Heart Wall Street (http://iheartwallstreet.com/2011/12/16/an-open-letter-to-wall-street/))
Global
Europe is the center of distressed debt investing at the moment. (FT (http://www.ft.com/intl/cms/s/0/3e761854-2739-11e1-864f-00144feabdc0.html))
The ECB backdoor bailout. (Modeled Behavior (http://modeledbehavior.com/2011/12/16/ecb-backdoor-bailout/), Marginal Revolution (http://marginalrevolution.com/marginalrevolution/2011/12/it-is-finally-being-recognized-that-the-eurozone-made-a-major-policy-breakthrough.html))
Can London maintain its position as a financial center? (Fortune (http://finance.fortune.cnn.com/2011/12/16/london-financial-center/?))
The bloom is off the Asian real estate boom. (WSJ (http://online.wsj.com/article/SB10001424052970204336104577096023415790572.html))
Economy
Is 400,000 still the number to pay attention to for weekly jobless claims? (Real Time Economics (http://blogs.wsj.com/economics/2011/12/15/is-400000-still-the-magic-number-for-jobless-claims/) also macrofugue (http://macrofugue.com/4-charts-that-explain-what-366k-initial-claim))
Welcome back to the age of shorter business cycles. (FT Alphaville (http://ftalphaville.ft.com/blog/2011/12/16/803431/deutsches-reid-on-shorter-business-cycles/))
Earlier on Abnormal Returns
What you missed in our Friday morning linkfest. (Abnormal Returns (http://abnormalreturns.com/friday-7atseven-publicly-complaining/))
Mixed media
Life goes by pretty fast. “So pay attention.” (@dinosaurtrader (http://www.thereformedbroker.com/2011/12/16/memory-mexican-food-and-eternity/))
Lessons learned from a year of poker playing. (Altucher Confidential (http://www.jamesaltucher.com/2011/12/lessons-i-learned-from-poker/))
The world needs more “crazy billionaires.” (Fortune (http://finance.fortune.cnn.com/2011/12/15/paul-allen-billionaires/))
Abnormal Returns is a founding member of the StockTwits Blog Network (http://stocktwits.com/blogs).
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Abnormal Returns (http://feedproxy.google.com/~r/abnormalreturns/~3/Ut8o99_VCNs/)
Jeff Miller, “Ask not what some pundit thinks should happen. Ask instead what is most likely to happen.” (A Dash of Insight (http://oldprof.typepad.com/a_dash_of_insight/2011/12/how-investors-should-think-about-europe.html))
Chart of the day
http://www.finviz.com/publish/121611/MUBc0wl1059.png (http://www.finviz.com/publish/121611/MUBc0wl1059.png)
Muni bonds did not read from the Meredith Whitney playbook. (MarketBeat (http://blogs.wsj.com/marketbeat/2011/12/16/muni-bonds-have-not-been-kind-to-meredith-whitney-this-year/))
Markets
Does Time’s choice of “The Protesters” point to equity gains in 2012? (Minyanville (http://www.minyanville.com/businessmarkets/articles/stock-market-social-mood-person-of/12/15/2011/id/38396))
An old school model that points towards equity market gains in 2012. (Mark Hulbert (http://www.marketwatch.com/story/market-will-be-10-higher-in-six-months-2011-12-16))
Gold is having an identity crisis. (WSJ (http://online.wsj.com/article/SB10001424052970204844504577100723827109402.html))
A look at analyst ratings. (Bespoke (http://www.bespokeinvest.com/thinkbig/2011/12/15/a-look-at-analyst-ratings.html))
Peter L. Brandt, “There is an enormous difference between a market opinion and a market position” (Peter L. Brandt (http://peterlbrandt.com/a-zany-announcement-i-sometimes-change-my-mind-about-markets/))
Bonds
Are Treasuries still a safe haven? (Total Return (http://blogs.wsj.com/totalreturn/2011/12/16/treasurys-safe-haven-or-not/), Random Roger (http://randomroger.blogspot.com/2011/12/what-happens-if-correlations-change.html),
Are Treasuries a crowded trade? (Humble Student of the Markets (http://humblestudentofthemarkets.blogspot.com/2011/12/are-treasury-bonds-crowded-long.html))
Predictions
Ten OUTRAGEOUS predictions from Saxo Bank for 2012. (The Reformed Broker (http://www.thereformedbroker.com/2011/12/16/saxo-banks-outrageous-predictions-for-2012/))
Two reasons why the five reasons to ignore top ten lists are in error. (Above the Market (http://rpseawright.wordpress.com/2011/12/16/2-reasons-to-question-5-reasons-to-ignore-top-10-stock-lists/))
5 reasons to safely ignore ‘top 10 stocks for 2012‘ listicles. (Abnormal Returns (http://abnormalreturns.com/5-reasons-to-ignore-top-10-stock-lists/))
Companies
CEOs of startups like Zynga ($ZNGA (http://stocktwits.com/symbol/ZNGA)) don’t need an IPO to cash out these days. (WSJ (http://online.wsj.com/article/SB10001424052970204844504577100713531520358.html), Dealbook (http://dealbook.nytimes.com/2011/12/15/zynga-raise-1-billion-in-i-p-o/))
The outlook for Yahoo! ($YHOO (http://stocktwits.com/symbol/YHOO)). Meh. (SAI (http://www.businessinsider.com/wall-street-begins-to-throw-in-the-towel-on-yahoo-again-2011-12))
Everything is smaller in Texas? The Apple A5 chip is made in Austin. (Reuters (http://www.reuters.com/article/2011/12/16/us-apple-samsung-idUSTRE7BF0D420111216))
The fracking revolution is likely to cause a boom in pipeline building for the likes of Kinder Morgan ($KMI (http://stocktwits.com/symbol/KMI)). (NYTimes (http://www.nytimes.com/2011/12/16/business/energy-environment/kinder-morgans-big-bet-on-fracking-boom.html))
Finance
Rogue traders don’t like to go on vacation. (Marketplace (http://www.marketplace.org/topics/business/easy-street/credit-suisse-makes-life-little-harder-aspiring-rogue-traders))
E-Trade ($ETFC (http://stocktwits.com/symbol/ETFC)) joins the commission-free ETF trading game. (ETFdb (http://etfdb.com/2011/etrade-joins-commission-free-etf-party/))
Scott Bell, “It’s time for the 1% to act like a caring older brother instead of a punk bully punching us in the arm every chance they get.” (I Heart Wall Street (http://iheartwallstreet.com/2011/12/16/an-open-letter-to-wall-street/))
Global
Europe is the center of distressed debt investing at the moment. (FT (http://www.ft.com/intl/cms/s/0/3e761854-2739-11e1-864f-00144feabdc0.html))
The ECB backdoor bailout. (Modeled Behavior (http://modeledbehavior.com/2011/12/16/ecb-backdoor-bailout/), Marginal Revolution (http://marginalrevolution.com/marginalrevolution/2011/12/it-is-finally-being-recognized-that-the-eurozone-made-a-major-policy-breakthrough.html))
Can London maintain its position as a financial center? (Fortune (http://finance.fortune.cnn.com/2011/12/16/london-financial-center/?))
The bloom is off the Asian real estate boom. (WSJ (http://online.wsj.com/article/SB10001424052970204336104577096023415790572.html))
Economy
Is 400,000 still the number to pay attention to for weekly jobless claims? (Real Time Economics (http://blogs.wsj.com/economics/2011/12/15/is-400000-still-the-magic-number-for-jobless-claims/) also macrofugue (http://macrofugue.com/4-charts-that-explain-what-366k-initial-claim))
Welcome back to the age of shorter business cycles. (FT Alphaville (http://ftalphaville.ft.com/blog/2011/12/16/803431/deutsches-reid-on-shorter-business-cycles/))
Earlier on Abnormal Returns
What you missed in our Friday morning linkfest. (Abnormal Returns (http://abnormalreturns.com/friday-7atseven-publicly-complaining/))
Mixed media
Life goes by pretty fast. “So pay attention.” (@dinosaurtrader (http://www.thereformedbroker.com/2011/12/16/memory-mexican-food-and-eternity/))
Lessons learned from a year of poker playing. (Altucher Confidential (http://www.jamesaltucher.com/2011/12/lessons-i-learned-from-poker/))
The world needs more “crazy billionaires.” (Fortune (http://finance.fortune.cnn.com/2011/12/15/paul-allen-billionaires/))
Abnormal Returns is a founding member of the StockTwits Blog Network (http://stocktwits.com/blogs).
http://abnormalreturns.com/709acc8d/d155e062/FeedBurner/1.0 (http://www.FeedBurner.com).gif http://feedads.g.doubleclick.net/~a/5kuBZekslBeRtxj5BpNB-j8LMpU/0/di (http://feedads.g.doubleclick.net/~a/5kuBZekslBeRtxj5BpNB-j8LMpU/0/da)
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