Coordinated rate cuts arrive.  Will they help?  (NYTimes.com also Accrued Interest, Real Time Economics, MarketBeat)

The Fed begins buying commercial paper and fund giants participate in the money market fund insurance program.  (WSJ.com, ibid)

Is Iceland on the verge of economic collapse?  (Market Movers)

What did the short-selling ban actually accomplish?  (NYTimes.com)

Do you want to be partners with the Treasury buying toxic assets?  (WSJ.com)

A closer look at just how bad market performance has been.  (Floyd Norris, Money & Co.)

Normal historical indicators of market bottoms are broken.”  (TraderFeed)

Implied volatilities are just catching up with reality.  What does it mean?  (MarketBeat also Condor Options

“It is ok to probe and adjust your strategy if you have a plan.”  (Howard Lindzon)

Are TIPS offering value at these levels?  (WSJ.com)

Are there opportunities in the aftermath of the burst commodity bubble?  (Market Movers)

“Highly cyclical companies with low earnings visibility = companies where forward (forecast) PE is essentially meaningless.”  (The Stalwart)

Equity markets are finally nearing fair value.  (Clusterstock)

Don’t write off 130/30 funds yet.  (All About Alpha)

Bill Miller officially a has-been.  (BusinessWeek.com)

David Einhorn is done with Microsoft (MSFT).  (Silicon Alley Insider)

Is $700 billion enough to put the banking system on the road to recovery?  (Odd Numbers)

Why the Fed is paying interest on excess reserves.  (macroblog)

Don’t hold your breath for the inevitable ‘official’ recession dating.  (Real Time Economics)

Taking a closer look at the Fed’s balance sheet.  (Econbrowser)

Is the ‘Great Moderation‘ over?  (Economist’s View)

Why it is hard to profit from the bursting of a bubble.  (The Big Money)

Pension funds are down a couple trillion.  Give or take few hundred billion.  (Infectious Greed)

Consulting is the new investment banking.  (BusinessWeek.com)

A paean to the 3G iPhone.  (Daring Fireball)

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