Archive for September, 2008

• Friday links: bailout bonanza
  abnormalreturns, September 19th, 2008 at 12:41 pm, Comments: 0

  The Fed will not make the same mistakes as they did in 1929.  They will make their own unique mistakes.  (Real Time Economics) Don’t like [...]

• Thursday links: trust and scrutiny
  abnormalreturns, September 18th, 2008 at 12:30 pm, Comments: 0

  An important indicator finally indicates an oversold condition.  (Trader Mike) The huge move in T-bill rates graphically.  (Trader’s Narrative) Cold hard cash is king with [...]

• Wednesday links: RTC redux
  abnormalreturns, September 17th, 2008 at 12:46 pm, Comments: 0

  How (and why) the Fed became the globe’s largest vulture investor. (NYTimes.com, WSJ.com) The U.S. has effectively nationalized AIG (AIG).  (Floyd Norris) Nationalization doesn’t come [...]

• Tuesday links: retracement reaction
  abnormalreturns, September 16th, 2008 at 12:55 pm, Comments: 0

  “No one knows how much worse things will get, how much further the market will fall, or when things will turn. And you should not [...]

• Monday links: Hurricane Lehman
  abnormalreturns, September 15th, 2008 at 12:16 pm, Comments: 0

  Moral hazard has been re-established on Wall Street.  (WSJ.com) How long can the Fed remain firm with the remaining investment banks?  (NYTimes.com) Bank of American [...]

• Monday links: Hurricane Lehman
  abnormalreturns, September 15th, 2008 at 12:16 pm, Comments: 0

  Moral hazard has been re-established on Wall Street.  (WSJ.com) How long can the Fed remain firm with the remaining investment banks?  (NYTimes.com) Bank of American [...]

• Sunday links: ostrich effect
  abnormalreturns, September 14th, 2008 at 2:48 pm, Comments: 0

  Insert latest Lehman rumor here.  The latest news is that is does not look good.  (WSJ.com, NYTimes.com) What might a Lehman Brothers (LEH) bankruptcy look [...]

• Friday links: two-pronged bets
  abnormalreturns, September 12th, 2008 at 12:25 pm, Comments: 0

  Nobody knows what is going to happen to Lehman Brothers (LEH).  (Market Movers) “On paper, Lehman Brothers Holdings doesn’t exist.”  (Deal Journal) In part, because [...]

• Thursday links: factor diversification
  abnormalreturns, September 11th, 2008 at 12:32 pm, Comments: 0

  “Once it is clear that Lehman Brothers doesn’t matter anymore, Wall Street can better focus on the things that do.”  (Deal Journal) What would happen [...]

• Wednesday links: forced selling
  abnormalreturns, September 10th, 2008 at 12:04 pm, Comments: 0

  Lehman Brothers (LEH) crosses its fingers and hopes for the best.  (WSJ.com, DealBook, naked capitalism, ClusterStock.com, Bespoke Investment Group, DealScape, FT Alphaville, BusinessWeek.com) “Fannie Mae’s [...]