Friday links: bond bubbles
Quote of the day Stephen Gandel, “Saying leveraging up your portfolio is safe as long as you buy bonds, is just the type of talk you would expect at the end of a bond bubble.”  (@stephengandel) Chart of the day Putting Apple’s loss in market cap into perspective.  (The Atlantic) Markets More signs that risk aversion is on the wane.  (Sober Look) How to measure market health.  (Ivanhoff Capital) Junk bonds don’t have to tank in 2013.  (LearnBonds) Strategy There’s no such thing as “house money.” 
http://feedproxy.google.com/~r/abnormalreturns/~3/pUOg9M5fVyM/ 2013-01-25 11:53:47 PST

AAPL Update
A friend asked last night whether it might be time to jump on AAPL, now that it’s dropped so precipitously.  I referred him back to a piece I’d written early last November when the stock was at 563 entitled “AAPL … Continue reading →
http://stock-chartist.com/2013/01/aapl-update/ 2013-01-24 15:08:31 PST

Thursday links: faith and luck
Quote of the day Tom Brakke, “I don’t care what you believe.  But you have to convince me that it’s something more than faith and something greater than luck.  No matter what tribe you come from.”  (research puzzle pieces) Chart of the day Investors are getting pretty bullish.  (Bespoke) Strategy Ray Dalio on where cash will go in 2013.  (Market Folly) Why have investors underestimated Carl Icahn?  (Kiplinger’s) Warren Buffett pulls ahead in in his stocks vs. hedge funds bet.  (Fortune) Companies Netflix ($NFLX) su
http://feedproxy.google.com/~r/abnormalreturns/~3/yQy_xtiY7jg/ 2013-01-24 11:57:29 PST

AAPL Weighs On Nasdaq
The markets are mixed this morning with the S&P 500 making fresh highs while the Nasdaq languishes under the weight of AAPL shares.I read the earnings release for AAPL and listened to the conference call and the results do not lend themselves to a -10% plunge in the share price.  It's tough to watch this as an investor but it really comes down to high expectations.  Traders were hoping for a bigger beat on the EPS number as well as higher unit sales for iPhones and Macs.  Mac sales were definitely light, as the company said t
http://mymoneylife.blogspot.com/2013/01/aapl-weighs-on-nasdaq.html 2013-01-24 10:28:00 PST

Apple is STILL a megacap
Sometimes as a blogger it is fun to revisit past posts to see what, if anything, has changed since you wrote that post. Way back on November 30, 2011 I wrote a post on Apple ($AAPL) talking about the fact that Apple had become a megacap stock and research shows that the largest company in any sector tends to underperform over time. Back then I wrote: Apple is no longer the scrappy company that produces ads based on 1984. In a certain respect Apple now is the establishment. In its chosen markets Apple is the leader. That is why other smartphone
http://feedproxy.google.com/~r/abnormalreturns/~3/puKSS7WhzVw/ 2013-01-24 09:04:08 PST

A Nice Start To Earnings Season
The markets are mixed this morning after closing near their highs yesterday and marking a 5th consecutive up day for the market.  Earnings season really kicks into high gear this week, and so far we are seeing some nice positive reactions.The big winner on the Nasdaq is Google (GOOG), which beat EPS estimates and showed some solid growth metrics.  The stock is up nearly 6% this morning near the $750 level.  Another large growth stock that beat earnings and is 10% higher today is Intuitive Surgical (ISRG).The big winner in the Dow
http://mymoneylife.blogspot.com/2013/01/a-nice-start-to-earnings-season.html 2013-01-23 09:59:00 PST

Tuesday links: weakened resolve
Quote of the day Kit Juckes, “The reality is that we are short of things to worry about and long of liquidity which tends to weaken the resolve of any bear.”  (Money Game) Chart of the day Always a bull market somewhere. Cattle prices are near 25-year highs.  (Bonddad Blog) Markets German and US investors are getting optimistic on equities.  (Bloomberg, ibid) Everybody is getting bullish all at once. (Money Game, Businesweek) Why the $VIX isn’t all that low.  (Adam Warner) The market doesn’t care what you think.  (
http://feedproxy.google.com/~r/abnormalreturns/~3/vMrKI2ThiVA/ 2013-01-22 11:26:56 PST

Sunday links: silver linings order book
Quote of the day DH, “The effects of the bull market are finally starting to make an impression on market participants. There’s a point where people stop worrying about jack-in-the-box bearish news and start looking at the silver lining. I think we’re there.”  (Dynamic Hedge) Chart of the day Only one other stock in recent memory got as big in the S&P 500 than Apple ($AAPL).  (Barron’s) Fear offf The stock market seems desensitized to the news coming out of Washington.  (UpsideTrader) Investors are finally looking
http://feedproxy.google.com/~r/abnormalreturns/~3/tubIXRBjtdY/ 2013-01-20 07:22:15 PST

Top clicks this week on Abnormal Returns
Thanks for checking in with us this weekend.  Here are the items our readers clicked most frequently on Abnormal Returns for the week ended Saturday, January 19th, 2013. The description reads per the relevant linkfest: The S&P 500 is not your benchmark.  (The Reformed Broker) On the relationship between marijuana use and IQ.  (Scientific American) Five lessons in investing from Charlie Munger and Warren Buffett.  (Market Folly) How America’s drinking habits have changed.  (The Atlantic) Bryan Goldberg, “I think that our generation
http://feedproxy.google.com/~r/abnormalreturns/~3/9qoZt27t0aI/ 2013-01-20 06:35:05 PST

Thursday links: the cost of copying
If you haven’t done it already think about signing up for our daily e-mail, thousands of other Abnormal Returns readers already have. Quote of the day Noah Smith, “Investing is an area of human endeavor in which copying other people is not a surefire route to success. This makes it different from many other areas of life.”  (Noahpinion) Chart of the day Markets The WTI-Brent spread is coming in.  (FT) The sell-side still hates stocks.  (Big Picture) A look at the years in which the S&P 500 never went negative.  (Avondale
http://feedproxy.google.com/~r/abnormalreturns/~3/_debSBRltHU/ 2013-01-17 11:47:54 PST