A good round-up of the SocGen $7.1 billion trading fraud. (Alea, ibid)

Did the Fed’s move set a bad precedent for “Pavlovian” equity market participants? (Big Picture)

A look at big intraday swings. (Infectious Greed)

What happens after an asset class has a really bad month? (World Beta)

“Is it the greatest arbitrage opportunity of the century?” (DealBook)

A time examination of long-short mutual funds. (Morningstar.com)

Not all 130/30 funds are quantitatively managed. (All About Alpha)

More evidence that investors chase returns. (CXO Advisory Group)

Where are all the stock buybacks? (WSJ.com)

IPOs are getting pulled. (DealBook, FT.com)

Is asset-backed commercial paper making a comeback? (Zero Beta)

Solutions proffered to solve the monoline bond insurer crisis. (naked capitalism, TheStreet.com, A Dash of Insight)

Ratchet down your expectations for hedge funds and private equity funds. (Information Arbitrage)

“(F)irms that successfully combine banking and investment banking will walk away with the prize, by being able to offer a full range of services to clients…” (WSJ.com)

Some useful graphs on the scope of recessions and bear markets. (Bespoke Investment Group)

What say members of the NBER Business Cycle Dating Committee on the prospects for a recession. (Real Time Economics)

Another indicator that indicates recession. (Calculated Risk)

Despite a blip set off by the emergency Fed rate cut, markets are still betting on a recession in 2008. (Econbrowser)

Are things as “bad as all that“? (Free Exchange)

Even the most expedient fiscal policy acts with a lag. (Mankiw Blog, Freakonomics)

A timely review of the law of unintended consequences. (Marginal Revolution)

Speaking of unintended consequences, don’t ever invite Equity Private into your offices. (Going Private)

Thanks for checking in with Abnormal Returns. We appreciate (and read) any all feedback.

More Posts This Week

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.