Wednesday Links

Hulbert: "the average short-term market timer is not running scared, and is instead relatively confident that the pull-back is little more than the pause that refreshes."

Correlation is back.

Silly rally: "We would likely first need to see a major slowdown in order for QE III to happen. It would also likely cause higher commodity prices, while offering little economic benefit."

Humor: "Quantitative Easy."

Story about Apple "linguistic whitewashing".

Looking at worldwide high net worth households.

ZH: "Van Hoisington Q2 Letter: "Fully Committed To Treasurys" But Clouds Are Gathering"