Hot Links: Girding for Battle

Stuff I’m Reading this Morning…

Trader Mark: We’re now in a trading range, consolidating in the midst of a downtrend.  Everything else is noise.  (FundMyMutualFund)

Hedge funds are turning down new money from investors these day, here’s why:  (DealBook)

Evan Newmark: CEOs almost never matter.  (MeanStreet)

Corporate profits are unsustainable minus revenue and consumer spending, sorry.  (PragCap)

JC Parets explains the whole Bear Flag meme all the traders are talking about.  (AllStarCharts)

In case you missed it, my Must Hang Sallie piece became an op-ed:  (InvestmentNews)

Why the music industry and its artists are girding themselves for battle.  (RollingStone)

Don’t miss my daily linkfest for financial advisors!  (WSJFA)