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Wednesday links: two gigantic bubbles
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Quote of the day
Phil Pearlman, ?So we had these two gigantic bubbles and we were all affected and the culture was affected and yet we don?t really acknowledge how affected we were and how the remnants of those events shade our interpretations of present experiences.? (Phil Pearlman)
Chart of the day
Delta Air Lines ($DAL) looks like a new company. (AlphaNow)
Markets
European markets are rolling over. (The Short Side of Long)
2014 stock performance will have nothing to do with 2013. (Mark Hulbert)
Investment managers are leveraged long. (All Star Charts)
Seven reasons from Doug Kass why the market is overvalued. (Pragmatic Capitalism, TheStreet)
REITs now look relatively attractive. (Morningstar)
Strategy
AMR Corp. will be one of the few bankruptcies in which equity holders come out ahead. (WSJ)
Why wirehouse advisers should become RIAs. (InvestmentNews)
Technology
The semantic search business is not a one-horse race. (Business Insider)
Why your phone may soon see in 3D. (TechCrunch)
Investors are moving beyond Twitter ($TWTR) to find social startups. (Bloomberg)
IPOs
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