![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKqeUBFiFqPQtM7pnVSYw_0JFRTkWpPsP2SH_f2AXP0L0ZkvSZBaW8DWSLBEfebo7Pz-DS6XrtHQRpb5TRIk-r3HIusxNuJBi1Wh-vU3L4bxKPeKKyqnj-Z8ScdG1N5dWu1soC4A/s400/SPX+MoneyFlow2.gif)
* Readings to Start the Week - Barry Ritholtz has assembled excellent links regarding the debt worries that just won't go away, including articles that are circulating among his hedge fund colleagues. The scenario of rising long-term rates and escalating housing defaults is a contagion scenario that concerns Bill Gross of PIMCO. Meanwhile, the BIS sees 1980-style Japan bubble in China's current market. Excellent articles for the market's Big Picture.
* Where is Volatility Coming From? - An excellent post from The Kingsland Report traces Friday's volatility to the meltdown in the subprime mortgage credit markets. A big issue is whether credit will tighten across the board in response, raising interest rates in a contagion response. Jeff Miller of A Dash of Insight adds his own perspective to the issue, including how it's affecting his own portfolio management. Mish sees this as a sea change, affecting investor appetite for credit and slowing the buyout boom.
* Where the Yields Are - Abnormal Returns starts the week off with several good readings, including a view of attractive municipal bond yields. See also the article on value investing and what's working in the current market.
* Need Still More Inspiration? - Millionaire Now! does a nice job of pulling together perspectives from across the blogosphere, ranging from stock picks to rules for investment success and how to outperform the market averages.