Edward Thorp, “Any good investment, sufficiently leveraged, can lead to ruin.” (WSJ.com)

What happened? The Wall Street derivatives monster in perspective. (NYTimes.com)

“(T)here are a few indications that markets — especially those in leveraged credit — are showing signs of life.” (DealScape)

Muni bond funds are beginning to run out of top-rated credits. (WSJ.com)

“Deterioration in the value of assets has to be addressed by accounting somehow.” (Aleph Blog)

“Adding a dollop of commodities to investments in stocks and bonds lowers risk and may slightly enhance returns over the long term.” (BusinessWeek.com)

Where’s the flow? Materials, Industrials, Consumer Discretionary, Consumer Staples, Energy. (all via TraderFeed)

Fallout from the Indian stock market slump. (MarketWatch.com)

Repercussions of a sagging Chinese stock market. (naked capitalism)

On the use of bonds as a sentiment measure. (TraderFeed)

Failing to learn the lessons from a trade gone awry. (Daily Options Report)

Ten investment conundrums. (WSJ.com)

Simpler is better, when it comes to investing. (Big Picture)

Insiders are signaling better times ahead. (NYTimes.com)

“(I)t’s important to realize that both the supply and demand curves for oil are, in general, very steep.” (Calculated Risk)

A nearly 80% chance of a 2008 recession according to traders at Intrade. (Afraid to Trade)

Good news for those in the market for a new condo. Bad news for lenders. (WSJ.com)

The Irish economy is heading into recession. (Spiegel.de via Arts & Letters Daily)

“More confirmation that the slowdown in housing has spilled over to manufacturing.” (Econbrowser)

Required reading on the housing boom/credit crunch/recession. (Slate.com)

A university degree is the next target of technology. (I, Cringley)

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