Daily Blogwatch: Is Facebook Building a Phone -- or Not?

Some of the best reads for investors from around the Web:

A big issue for the U.S. (at least in the latest GDP numbers) is our trade deficit. Mike Normal weighs in (sarcastically) on how to double exports.
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Why does everyone hate TARP.
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Is Facebook secretly building a phone? Maybe not.
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What typically happens to the stock market after 50% declines.
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Interesting proof that stock-pickers are probably outperforming the indexes.
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Donaldson Capital thinks Southern Company (SO) looks undervalued. .
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More bullish signs for housing.
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Stocks that matter the most to hedge funds.