Archive for December, 2008

• Wednesday links: absence of arbitrage
  abnormalreturns, December 17th, 2008 at 1:45 pm, Comments: 0

  The Yale endowment did not escape the global bear market.  (NYTimes.com, Clusterstock) Is business as usual at Goldman Sachs (GS) the right way to go?  [...]

• Tuesday links: another Ponzi post
  abnormalreturns, December 16th, 2008 at 12:57 pm, Comments: 0

  Madoff’s strategy supposedly used options, but it never added up.  (MarketBeat, Barrons.com) When did Madoff go Ponzi?  (Curious Capitalist) “Why did so many smart people [...]

• Monday links: finance is a confidence game
  abnormalreturns, December 15th, 2008 at 11:31 am, Comments: 0

  “(R)eally all finance is a confidence game…”  (Market Movers) “Capital markets cannot function healthily without trust. That once crucial factor is now more challenged than [...]

• Sunday links: hidden risks
  abnormalreturns, December 14th, 2008 at 8:39 pm, Comments: 0

  Why “sophisticated investors” are taken in by scam artists.  (WSJ.com, NYTimes.com, Clusterstock) Shouldn’t a Madoff-like scheme have been identified by now?  (NYTimes.com, WSJ.com, Big Picture) [...]

• Friday links: hidden tech fortune
  abnormalreturns, December 12th, 2008 at 12:38 pm, Comments: 0

  Post-auto bailout failure, what next? (DealBook, The Stalwart, Real Time Economics) A truly stunning “giant Ponzi scheme.” (WSJ.com) Prior (and prescient) questions about Madoff’s performance [...]

• Thursday links: scary predictions
  abnormalreturns, December 11th, 2008 at 1:46 pm, Comments: 0

  Low T-bill rates are going to roil Treasury-only money market mutual funds.  (WSJ.com also Money & Co.) “The market for credit protection is now pricing [...]

• Wednesday links: trade trends
  abnormalreturns, December 10th, 2008 at 12:59 pm, Comments: 0

  The definitive end of Bill Miller as a genius meme. (WSJ.com also 1440 Wall Street, Clusterstock, Investor’s Consigliere, Capital Spectator) What are zero interest rates [...]

• Tuesday links: bubbles, bulls and bears
  abnormalreturns, December 9th, 2008 at 12:32 pm, Comments: 0

  Did you know we were in a new bull market?  (MarketBeat, Clusterstock) Did you know we were in the third worst bear market in history?  [...]

• Tuesday links: bubbles, bulls and bears
  abnormalreturns, December 9th, 2008 at 12:32 pm, Comments: 0

  Did you know we were in a new bull market?  (MarketBeat, Clusterstock) Did you know we were in the third worst bear market in history?  [...]

• Monday links: reasons for a bottom
  abnormalreturns, December 8th, 2008 at 1:05 pm, Comments: 0

  Stocks are finally pricing in some ugly news. (The Balance Sheet) Ten contrarian reasons for a bottom. (Humble Student also TheStreet.com) November brought continued trouble [...]