This was a strange open. Everyone on the teevee was calling for the pop to fade. While I believe that a fade was obvious, I guess I am surprised we did fade because so many people called for it.

Sorry if that doesn't make sense but that so many people correctly predicted the fade is a surprise.

I sold one stock for large accounts right at the open.

Two quick items this morning.

First up, I find it intriguing that PayPal, the former add-on/logical compliment, seems to be growing into being the primary business at eBay. It's bit early to expect the company to change its name to PayPal just yet but the revenue was just over $1 billion versus $2.76 billion for the entire company and I am quite certain it will change the name in a few years.

Click Here to Review Different Stock Scanning Software

For the first time in 6 years of posting Sentiment numbers, my template sabotaged me by repeating the numbers from the week before; some little worm in there did not update the template. Rest assured, the numbers this week (and for the previous week in the template) are correct ! I think!

Thanks for checking in with us for seven links (give or take) at 7AM Eastern.  Good luck out there.

Convertible bonds have had a bad June to-date.  (FT)

Make money while you sleep!:  overnight vs. intraday market returns.  (Bespoke)

Last week while we were on hiatus we asked a slew of independent bloggers a series of five questions.  We were gratified by the responses and were happy people enjoyed them.  We figured you might be interested in our answers as well.

Monday – What is your favorite finance/trading/investment book?

Short answer: Market Wizards by Jack Schwager

Some time ago, a reader suggested: “Political Calculations has a tool to ‘reckon the odds of U.S. recession in the next 12 months’ based on a formula developed by the Econobrowser from a paper entitled ‘The Yield Curve and Predicting Recessions’ by the Federal Reserve Board’s Jonathan Wright.

Thanks for checking in with us this weekend.  Here are the items our readers clicked most frequently on Abnormal Returns for the week ended Saturday, June 11th, 2011. The description is as it reads in the relevant linkfest.

How should the variability of stock market returns shape the outlooks of short-term traders and long-term investors? How strong is the tailwind of the general drift upward in stock prices? How powerful is the turbulence of variability? Does the tailwind ever overpower the turbulence?

It is surprising to some people but individual investors have some advantages over institutional investors.  However one area where individuals are at a disadvantage is in access to alternative asset classes.  For instance institutions have access to private vehicles to invest in things like timberland.  Another area where institutions are moving into is farmland, which has been increasing in value of late.  ETF providers are launching all manner of agriculture-focused funds, but none of them will truly capture the returns of farmland itself.