My Contrails; Your Entrails

When I was first dating my wife, I looked up in the sky and make a comment about a series of wavy ‘entrails’ that were spicing up our sunset. I know the difference, of course, but once the damage was done, there was no ‘undo key’ to restore my dignity. I think I can still hear her laughter.

In any event, I eventually got over the embarrassment and she married me anyway, so it really shouldn’t matter…but since today is a full day of travel that will probably leave me out of pocket for almost 24 hours, I figured that while I’m leaving contrails, readers could benefit from the following linked entrails to better position themselves to profit from whatever the future brings:

• Barry Ritholtz at The Big Picture has a list of 26 cognitive biases you should internalize and attempt to compensate for in your trading
• In the unlikely event that anyone missed this, do yourself a favor and read (or re-read) Brett Steenbarger of TraderFeed and his three part series, Trade Like a Scientist…Part One: The Scientific Mindset; Part Two: Framing Trades Scientifically; and Part Three: Three Common Mistakes of Traders
  
• Zero Beta unveils the Apple Hype Cycle – and what it means
• Kevin’s Market Blog describes how the dollar is leading the bond market
• Babak at Trader’s Narrative talks about short ETF volume as a market tell
• The CXO Advisory Group offers up an excellent review of sector performance by calendar month
• One sector that is struggling is REITs, as The Capital Spectator's James Picerno recounts
• Don’t get too excited about trends though, because according to Ed Seykota (via Pradeep Bonde at Stockbee), trends don’t exist
• Should you worry that Bush’s low approval rating might hurt stocks? Mark Hulbert doesn’t think so
• Jim Kingsland of The Kingsland Report has two superb energy graphs that you should study
• Paul Kedrosky at Infectious Greed suggests you look at BP’s 2007 Statistical Review of World Energy (I couldn’t agree more)
• James Hamilton of Econbrowser warns us not to get our hopes up on oil shale
• It is may now be eight days old, but Bill Cara’s review of gold miners is still worth checking out
• Ticker Sense looks at the correlation of global equity indices
• Bespoke Investment Group has a nice set of graphics covering global interest rates
• Babak at Trader’s Narrative discusses the problem of interest rate-sensitive stocks and their effect on market breadth data
• Looking for a new edge? The CXO Advisory Group notes how value-oriented firms with high ROIC are superior performers
• The title says it all: “Investors Do Better with Fewer Choices,” from Paul Kedrosky at Infectious Greed
• Thomas Ott at Neural Market Trends demonstrates how volatility comes in clusters
• James Hamilton at Econbrowser weighs in using the yield curve to hone your GDP predictions
• Kevin’s Market Blog explains one way to use the TLT to day trade the SPY
• The dk Report notes a rash of blogger “developments,” while continuing to deliver what I think is the best end of day market analysis in the blogosphere
• I offered up some of my favorite books on risk earlier in the week, but Roger Ehrenberg of Information Arbitrage has the One Minute Manager version of some of the same ideas
• Peer-to-peer networks are improving the internet, according to MIT’s Technology Review
• Trader Mike has some great advice on how to add investment-related search engines such as Google Finance, Yahoo Finance, etc. to your Firefox search bar
• Engadget explains how to use rice to repair water-damaged electronics
• And finally, the first definitive proof that the end of civilization is near: Airbus gets approval for in-flight cell phone calls in Europe…