Tuesday Links. 2011 Was "Just Buy The Dip." 2012 is "Buy the Rumor, Buy the News."

• The 24 hour economy. Nearly 40 percent of McDonalds stores are open 24 hours. Great news for drunks.
• Niederhoffer: "The Blow-Up Artist" and "On Being Wrong".
• Hmm. Mohegan Tribal Gaming Authority is asking bondholders to refinance.
• There is an enormous bubble in U.S. farmland. I can't wait to bail out all these idiot farmers in five years.
• Typical Wall Street attitude: "Baruch is not an American and the decline of the middle class there is not his uppermost concern; in fact he cares as much about the Chinese factory workers toiling away at Foxconn."
• Manufacturing in the U.S. "The combination of skilled labor and complex machines gives American factories a big advantage in manufacturing not only precision products, but also those that are made in small batches..."
• The economics of domain names.
• Bullish thesis on manufacturing in the U.S.: "it takes about 25 years for the latest 'super-cheap-let’s-go-build-it-there' emerging industrial economy to lose its effective labor cost advantage over the U.S."