Archive for November, 2008

• Monday links: bankruptcy vs. bailout
  abnormalreturns, November 17th, 2008 at 12:34 pm, Comments: 0

  Are blue chips cheap?  (WSJ.com) Goldman Sachs (GS) execs say ‘no thank you’ to bonuses this year.  (WSJ.com also DealBook) The Treasury yield curve as [...]

• Sunday links: risk is on sale
  abnormalreturns, November 16th, 2008 at 3:34 pm, Comments: 0

  “Why the hell are share prices going up and down?”  (FT Alphaville) “Virtually every investment that carries any risk is on sale.”  (WSJ.com) “Too much [...]

• Friday links: when you buy on the way down
  abnormalreturns, November 14th, 2008 at 12:21 pm, Comments: 0

  “Funds of funds were supposed to be the safer choice for high-net-worth individuals and big institutions.”  (BusinessWeek.com) Alternative assets are on the outs.  “Could the [...]

• Thursday links: required re-test
  abnormalreturns, November 13th, 2008 at 12:45 pm, Comments: 0

  The re-test of the October lows is here. (Big Picture also Trader’s Narrative) Persistently high implied volatilities have cut into options trading volumes. (WSJ.com) Sentiment [...]

• Wednesday links: they are the system
  abnormalreturns, November 12th, 2008 at 2:16 pm, Comments: 0

  The big multi-strategy hedge funds “can’t bet against the system like the old ones did; they are the system.”(Ultimi Barbarorum also Market Movers) American Express [...]

• Tuesday links: stretching the limits
  abnormalreturns, November 11th, 2008 at 12:06 pm, Comments: 0

  Government to banks:  lend.  (WashingtonPost.com) From the new playbook, threaten the government that your failure will induce ‘chaos.’ (FT Alphaville) Why bankruptcy is the solution, [...]

• Tuesday links: stretching the limits
  abnormalreturns, November 11th, 2008 at 12:06 pm, Comments: 0

  Government to banks:  lend.  (WashingtonPost.com) From the new playbook, threaten the government that your failure will induce ‘chaos.’ (FT Alphaville) Why bankruptcy is the solution, [...]

• Monday links: bailout black hole
  abnormalreturns, November 10th, 2008 at 12:37 pm, Comments: 0

  The “black hole” that is AIG (AIG) just keeps getting bigger.  The blogosphere is not particularly happy about how this re-bailout happened.  (WSJ.com also DealBook, [...]

• Sunday links: Ivy blues
  abnormalreturns, November 9th, 2008 at 4:17 pm, Comments: 0

  Some college endowments are facing tough times.  Is the Ivy League asset allocation model dead?  (Barrons.com also Clusterstock, Deal Journal) “International stocks are correlated but [...]

• Friday links: not expecting the worst
  abnormalreturns, November 7th, 2008 at 6:46 am, Comments: 0

  Today’s linkfest is earlier (and less comprehensive) than usual. Good luck out there. The worst two-day stock market performance since October 1987. (Bespoke) Redemption requests [...]