Hot Links: Wait Til You See…

Stuff I’m Reading this Morning…

$25 billion of outflows for US stock mutual funds over the last 5 weeks.  Nice.  (ZeroHedge)

Great chart showing ten year annualized returns of stocks with different P/E Ratios.  (WorldBeta)

BP shares lost another $17 billion in market cap.  Yesterday.  Keep bottom fishing.  (NYP)

Had we known the truth about AIG’s condition, the bailout may never have happened.  (TBP)

Wait til you see how the Japanese government is marketing bonds…  (GraspingReality)

And wait til you see the incarceration rate explosion in America from 1880 to the present…  (Economix)

Once an asset class gets ETF’d, the underlying holdings change character.  (AbnormalReturns)

Bernanke says all the gold buying is due to DEflationary worries, not inflation.  (Mish)

The SEC now investigating a 2nd Goldman CDO deal, this one’s called Hudson Mezzanine.  Just sounds so classy.  (DealBook) and (FTAlphaville)

Sports fans:  Five future stars to watch at the World Cup this year.  (TIME)