Doug Kass at TheStreet.com thinks the market is merely at the start of the adjustment process.
Paul Kedrosky at Infectious Greed on the importance of non-parametric tests.
How might the issue surrounding ‘high water marks’ make an hedge fund investment at this time more attractive? (via Market Movers)
How is Eddie Lampert faring in all of this market turmoil? (via DealBook)
One prominent fund manager seems to have avoided the mess..so far. (via DealBook)
Is there an “ECB Put”? (via Real Time Economics)
Have central banks become the “market makers of last resort”? (via naked capitalism)
Commercial paper rates have jumped. (via MarketBeat)
Quant turmoil aside, the “..secular shift away from high-beta mutual funds and toward bifurcated combinations of (commoditized) ETFs and (high-alpha-content) funds…” is still intact. (via All About Alpha)
Mark Hulbert at Marketwatch.com is skeptical of the forecasting ability of the VIX.
Jeffrey Ptak at Morningstar.com with a take on this year’s best performing ETFs.
Small cap value stocks are taking it on the chin. (via NYTimes.com)
“Some Lessons on the Rescue of Long-Term Capital Management” by Joseph G. Haubrich (via SSRN.com)
Expect more tech IPOs coming down the pipeline. (via Infectious Greed)
Traders should not rely on their P/L to provide ‘subjective well-being.’ (via TraderFeed)
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