Chart of the Day - Today's chart illustrates how the recent plunge in earnings has impacted the current valuation of the stock market as measured by the price to earnings ratio (PE ratio). - Chart of the Day 
and

PE Ratios: On the way to euphoria - SoberLook Blog - ... So why are people buying stocks with such enthusiasm? A few possible reasons here:
1. analysts are completely underestimating next year's projected earnings,
2. earnings growth in the next few years will significantly exceed historical growth,
3. stock market euphoria is back.
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Foreign Treasuries Holders - Is China Selling? - Andrew Horowitz - The
Disciplined Investor

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Tracking error - SoberLook - Inverse Leveraged ETFs - Author: Walter Kurtz - great paper with lots of charts - if you are thinking about using one of these, read this paper first - riskcenter.com 
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On the Dollar - OP-ED CONTRIBUTOR - The Greenback Effect - By WARREN E. BUFFETT - ... The dollar’s destiny lies with Congress. ... - NY Times

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Gold Or Oil: What’s A Better Inflation Hedge? - Written by Brad Zigler    - Hard Asset Investor