Archive for August, 2008

• Wednesday links: out of options
  abnormalreturns, August 20th, 2008 at 12:52 pm, Comments: 0

  Fannie and Freddie are having to pay up to place their debt and are rapidly “running out of options.”  (WSJ.com, NYTimes.com also Market Movers) The [...]

• Tuesday links: harder than it looks
  abnormalreturns, August 19th, 2008 at 12:16 pm, Comments: 0

  How should we interpret the market’s reaction to a nationalization story about the GSEs?  (Dash of Insight, Big Picture, MarketBeat) What will happen, if anything, [...]

• Monday links: new index indicator
  abnormalreturns, August 18th, 2008 at 12:49 pm, Comments: 0

  Skepticism abounds on the recent small-cap rally.  (WSJ.com) Vulture investors are moving into distressed European debt.  (Telegraph.co.uk) Short-sellers get its own web site.  (Bull Bear [...]

• Sunday links: the money illusion
  abnormalreturns, August 17th, 2008 at 4:50 pm, Comments: 0

  The market already understands that a government takeover, in some form or fashion, is going to happen for the GSEs.  (Deal Journal, Big Picture) Errors [...]

• Friday links: a cure for higher prices
  abnormalreturns, August 15th, 2008 at 11:55 am, Comments: 0

  The Baltic Dry Index has plunged of late.  What does it mean for the global economy?  (WSJ.com) “The global economy is slowing dramatically.”  Examples follow.  [...]

• Thursday links: recession kills inflation
  abnormalreturns, August 14th, 2008 at 12:32 pm, Comments: 0

  Apple (AAPL) is worth more than Google (GOOG).  Does that make sense?  (Market Movers, ValleyWag) We’re number one!  The S&P 500 outperforms the BRICs.  And [...]

• Wednesday links: permanent changes
  abnormalreturns, August 13th, 2008 at 12:01 pm, Comments: 0

  Bank writedowns top $500 billion.  How much further to go?  (Big Picture, naked capitalism) The securitization market is still “stuck.”  (NYTimes.com) What the heck happened [...]

• Tuesday links: grunt work
  abnormalreturns, August 12th, 2008 at 1:09 pm, Comments: 0

  Oil prices are down, just as the U.S. economy comes to terms with higher oil prices.  (WSJ.com, ibid) Strategic vs. tactical positioning in the oil [...]

• Monday links: volatility clustering
  abnormalreturns, August 11th, 2008 at 2:25 pm, Comments: 0

  One of the reasons for alternative asset managers to go public was to have stock to reward employees, but $300 million?  (WSJ.com also Marketwatch.com, DealBreaker.com) [...]

• Sunday links: coffee is cool
  abnormalreturns, August 10th, 2008 at 11:00 am, Comments: 0

  More on the cleanup of the auction rate securities morass.  (Barrons.com, WSJ.com) Warren Buffett has changed the way he goes about investing Berkshire’s capital.  (Deal [...]