Special Report April 7, 2008, 12:01AM EST

Financial Blogs: The Best of the Bunch

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>10Q Detective by David Phillips, a former equity analyst who sprinkles in "trader alerts" along with analysis of companies' SEC filings. Other blogs in this realm that have been going strong for years: Michelle Leder's Footnoted.org and highly regarded accountant Jack Ciesielski's The AAO Weblog (now only his newsletter subscribers can view all of his posts). Both of these blogs landed on our top 10 financial blogs list back in July, 2005 (two other blogs on this list are no longer active: Asset Allocator and Wealthy Blogger).

Economy Blogs

If you follow the economy (who doesn't these days?), check out Mish's Global Economic Trend Analysis. Mike "Mish" Shedlock is not an economist—he's a registered investment adviser at Sitka Pacific Capital Management who likes to dig into economic data. He has been following the subprime mortgage meltdown and how the Federal Reserve has helped bail out financial companies.

In a recent post, he dissects some adjustable-rate mortgage, housing, and interest rate charts, and offers his take on where and when the "mortgage-rates-reset time bomb" could hit. Another independent econoblog that's widely followed is Calcuated Risk.

Interestingly, according to a public relations firm that represents a large network of financial advisers, many of them don't read blogs. But that shouldn't stop you from gathering intelligence from respected blogs to become a better informed investor.

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McCormack is senior producer for BusinessWeek.com's Investing channel .