Sunday links: limits and dangers

• abnormalreturns
• January 30th, 2011

Quote of the day

Tyler Cowen, “Will the Internet usher in a new economic growth explosion? Quite possibly, but it hasn’t delivered very good macroeconomic performance over the last decade.”  (NYTimes)

Chart of the day

The rapid reversal in Egyptian shares.  (zentrader)

Markets

Equity sentiment at week-end.  (Trader’s Narrative, ibid, The Technical Take)

In a lost decade for stocks, stuff outperformed bits.  (NYTimes)

The Value Line Timeliness ratings seem to be losing their mojo.  (Beating Buffett)

Strategy

A round-up of the final installment of the Barron’s Roundtable.  (Stone Street Advisors)

There are no “true” models in finance.  (Zero Hedge)

Mike Bellafiore, “A certain to be undeperforming trader/person is one who obsesses a hundred percent of the time about the twenty percent that could be better.”  (SMB Training)

Companies

Chuck Clough likes companies that generate free cash flow like Microsoft (MSFT).  (Barron’s)

Consolidation in the coal mining industry.  (Dealbook)

Apple (AAPL) is now a platform provider.  (NYTimes)

Finance

Will a “say on pay” make investors think more like owners?  (WSJ)

Vanguard rolls out the cheapest global equity ETF.  (IndexUniverse)

Investors can now see the “shadow prices” for their money market mutual funds.  (WSJ, Businessweek)

Egypt

The world is unpredictable:  the case of Egypt.  (Buttonwood, Barron’s)

Could unrest lead to another Middle East-based oil shock?  (Econbrowser, Capital Spectator)

Egyptian unrest and its effect on CDS prices.  (Bespoke, Macro Man)

More deep thoughts on Egypt. (Leigh Drogen, The Epicurean Dealmaker, Ultimi Barbarorum, The Reformed Broker, Global Macro Monitor)

Economy

What the yield curve is saying about the path of future economic growth.  (Pragmatic Capitalism)

Truck tonnage is back on the rise again.  (Calculated Risk)

Is speculation driving this round of commodity price hikes?  (Greed, Green and Grains)

We are experiencing a big, “inflationary head fake.”  (Globe and Mail)

What gives a currency ‘safe haven status‘?  (voxEU via Economist’s View)

Tim Harford, “If behavioral economists do not really understand why we do what we do, there are surely limits and dangers to the project of nudging us to do it better.”  (Slate)

Errata

Blogging is linking.  More secrets of financial blogging.  (The Reformed Broker)

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