Will the equity market overshoot on the downside?  (Clusterstock)

How to inoculate yourself against (market) panic.  (WSJ.com also FT.com)

If you think U.S. equities are cheap, take a look at Japan.  (Market Movers)

Why merger arb spreads have widened so dramatically over the past month.  (TheDeal.com)

Lots of opportunities for tax-loss selling strategies in the rest of 2008.  (Barrons.com)

It is ugly out there for the hedge funds.  (Deal Journal also FT.com)

TIPS yields are now approaching 3%.  (Economist.com)

Some bond ETFs are trading at a discount to NAV

.  (ETF Trends)

Saying goodbye to the hedge fund industry in style.  (FT Alphaville, Dealbreaker)

Will banks lend?  (Real Time Economics)

The economy is not in as bad a shape as you think.  (Barrons.com vs. Big Picture)

Counterpoint, this recession will be a bad one.  (Clusterstock)

“How did the world’s financial system get into such a mess?”  (NYTimes.com also EconLog)

Financial crisis aside, we still need financial innovation.  (Interfluidity

)

Another blogger chooses to leave Seeking Alpha.  (Mish)

Art is not an investment.  (Market Movers)

Even MacGruber is hurting in this bear market.  (SNL/Hulu.com)

Are you curious what other bloggers are saying about Abnormal Returns? So are we. Feel free to check out a compilation of reviews.