It does not look like the best weather this weekend, so I expect to be around to keep you entertained:

• The Smart Money Is Still Bullish (Barron’s)
• Notes from the PIMCO Investment Summit with Mohamed El-Erian (The Reformed Broker) Is this the dumb money?
• With ‘Abenomics,’ Japan catches a sense of revival (WaPo) see also Japan the Model: We are in economic terms, all Japanese (NYT)
• Gold Traders Most Bullish in a Month After Bernanke (Bloomberg)
• The Rules, Part XXXVIII (The Aleph Blog)
• Why pension funds are eating your 401(k)’s lunch (Reuters)
• Tax Two-fer:
…..-In Tax Overhaul Debate, Large vs. Small Companies (NYT)
…..-The Corrosive Effect of Apple’s Tax Avoidance (NYT)
• Four Reasons Housing Recovery Isn’t Yet Boosting Economy (Real Time Economics)
• Android’s Market Share Is Literally A Joke (Tech.pinions)
• Photos: Tornadoes wreak havoc in US (Boston.com’s Big Picture)

What are you reading?

Source: The Big Picture

My thunderstorm afternoon train reading:

• The Uncertainty of Risk (n+1) see also Adaptation (The Reformed Broker)
• Jonathan Miller: Home Supply Limited by Americans Lacking Equity to Sell (Bloomberg)
• Greenspan’s Market Persists (Alhambra Investment Partners) and How Much of a Dove Is Bernanke, Really? (Businessweek)
• Oil Manipulation Inquiry Shows EU’s Hammer After Libor (Bloomberg)
• The Mirage that is Financial Literacy (money&markets)
• How Nations Tried to Keep Striving Migrants In (Echoes)
• Nocera: Tim Cook’s reality distortion field (NYT) see also Tim Cook’s improbable victory in D.C. (Reuters)
• Is This Big Tea Party Group Really an Innocent Victim of the IRS? (MoJo)
• X-BOX: Steve Jobs’ Dream Device Has Arrived (Slate)
• 10 Novels That Are More Action-Packed Than Most Summer Movies (io9)

Whatcha reading?

Source: The Big Picture

My afternoon train reading:

• S&P 500 Returns to Record While U.S. Treasuries Advance (Bloomberg) but see S&P 500 Revenues Disappoint (Dr.Ed’s Blog)
• I Was Wrong: Doug Kass Gives Mea Culpa on Bearish Views (Moneybeat)
• The New Buyers of ETFs (Wealth Management)
• Alternative Marketing for Alternative Investments (Social Science Research Network)
• Interview With Estimize Founder Leigh Drogen (See It Market)
• Federal Rulings Could Make 5 Years Of Non-Judicial Foreclosures Unconstitutional (Mortgage Fraud Investigations )
• How to Humble a Wing Nut (Bloomberg)
• Is This Why TED Talks Seem So Convincing? (priceonomics)
• Why Rational People Buy Into Conspiracy Theories (NYT)
• Change Agents: Walter De Brouwer’s magical tricorder (lohud)

What are you reading?

Source: The Big Picture

My morning reads:

• Dynamic Duo: Why Leon Cooperman and Steve Einhorn think this bull market still has legs (Barron’s) but see How Likely is A Continued Market Rise? (Avondale Asset Management)
• Why Precious Metals are Taking a Pasting (Moneybeat)
• Notes From the London Value Investor Conference 2013: Marks, Price, Montier & More (Market Folly)
• Recession Watch: ECRI’s Weekly Leading Indicator Declines Advisor Perspectives (Advisor Perspectives)
• U.S. Bonds Cheapest Since ’90 Versus Bunds Counter Buffett (Bloomberg) see also Money isn’t “easy”– A rant (The Money Illusion)
• A Small Part of the Brain, and Its Profound Effects (NYT)
• Everything Apple Needs to Introduce at WWDC to Appease the Internet (carpeaqua)
• The Tragic Beauty of Google+ (Time)
• Quinn Sullivan, 14-Year-Old Blues Prodigy, Impresses the Masters (Rolling Stone)
• What I Learned From Watching Every Single Episode of The Office (Esquire)

What are you reading?

Source: The Big Picture