The worst January for the Dow in 113 years.  ( also Trader’s Narrative, Daily Options Report)

Where do we stand compared to three other ugly bear markets.  (

You cannot buy muni bonds indiscriminately.  (

Investors need to understand the proper use of ever more specialized ETFs.  (

The VIX ETNs are an unqualified success.  (VIX and More)

“The start of emotionally intelligent trading is recognizing that you are in an emotional relationship with markets.”  (TraderFeed)

John Paulson on 2008 performance and his bearish views for the New Year.  (DealBook, Clusterstock, Infectious Greed)

Private equity is kidding themselves on valuations at this point in the crisis.  (

Don’t feed the zombie banks.  (Interfluidity)

Optimists were few and far between at Davos.  (

Should the Fed just fire up the printing presses?  (Aleph Blog)

All recessions have cultural and social effects, but in major downturns the changes can be profound.”  (

Consumption has fallen off the table.  (Econbrowser)

It should be no surprise that restaurants are hurting.  (Calculated Risk)

If Wall Street won’t pay for news, who will?  (New Rules of Investing also Market Movers)

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