Hot Links: and then a magical bid appears

Stuff I’m Reading this Morning…

The big chatter today is about what Draghi will do – time for the full-Bernanke?  (Bloomberg)

Huge merger in the food industry this morning…  (DealBook)

Joe Fahmy: “every time it looks like the market is about to fall apart, sentiment gets EXTREMELY negative, and then a magical bid appears to prop the markets higher.”  (JoeFahmy)

Don’t get too excited about the Russell 2000’s bounce…  (iBankCoin)

Everyone’s portfolio displays some home bias, everywhere in the world.  (WorldBeta)

Only a schmuck believes that sophisticated = effective in the market.  (DynamicHedge)

Yes, low-vol stocks will still hold up better in a correction, even if they aren’t historically cheap.  (AllianceBernstein)

Gary Shilling: Sorry US investors, China is YOUR problem. Part I of IV:  (BloombergView)

SEC trying out wider tick sizes and spreads for small caps to see if it drives trading back to the exchanges, away from the dark pools.  (WSJ)

Some career advice from David Merkel – so you want to be useful in the investment business…  (AlephBlog)

Equity research bloodbath: There are only 9000 stock analysts left sharing $23.5 billion in annual commissions globally.  (FT)

From the weekend – the Great Rotation, Interrupted  (TRB)

The new book – Clash of the Financial Pundits – now available for pre-order!