Thursday links: bullets dodged

12Mar09

The market doesn’t care if you are calling a market bottom, unless you are Barry Ritholtz.  (MarketBeat, Freakonomics)

Just how much should we read into Tuesday’s big up move?  (MarketSci Blog)

More volatility + Less fear = Lower VIX.  (VIX and More)

Not surprisingly investors are more fearful than they were during the last two recessions.  (ValuePlays)

ETFs don’t always perform as expected.  Caveat emptor.  (FT Alphaville)

Why are leveraged ETFs so popular?  Easy, liquidity.  (Daily Options Report)

Do you want long term corporate bond exposure?  Then we have an ETF for you.  (IndexUniverse.com)

It’s a “bond picker’s market” in the land of muni bonds. (WSJ.com)

The shakeout for hedge fund of funds is here.  (Clusterstock)

David Swensen notes that saving for retirement is not a game, that means you Jim Cramer.  (Yale Alumni Magazine, Curious Capitalist)

Viewing the equity put exposure at Berkshire Hathaway (BRK-A) as just another insurance contract.  (ValuePlays)

General Electric (GE) AAA-rating finally goes bye-bye.  Who’s left?  (DealBook, Bespoke, Dealbreaker)

The LBO is dead. Long live the EBO [Equity Buyout].”  (WSJ.com)

Bullets dodged.  Failed going private transactions re-visited.  (peHUB)

At current levels, bank subordinated debt prices imply that equity and preferred equity are likely worthless.  (Zero Hedge)

Despite the attractive terms, investors should think twice before signing up for TALF money.  Consider the source.  (breakingviews.com)

Indeed some banks are already giving back their TARP money.  (Atlantic Business)

We need to re-think our approach to market regulation.  In short, we cannot rely on regulators alone we need “radical transparency.”  (Wired.com, MarketBeat, Nudge Blog)

On a bad bank solution, “You can’t erase risk from the system, only redistribute it.”  (Accrued Interest)

Maybe history really does repeat itself.  (Option ARMageddon)

The credit crunch comes to middlc class credit card borrowers.  (Curious Capitalist)

The reasons why letting Lehman Brothers fail did have an adverse effect on the financial markets.  (FT Alphaville)

Considering the amount of assets involved, mark-to-market accounting is not that big a deal.  (Clusterstock)

Three predictions on the future of macroeconomics including:  “There will be much less emphasis on monetary policy, and much more emphasis on financial institutions and financial regulatory policy.”  (EconLog)

On the importance of APIs in this new “re-mixed” world of news.  (Market Movers)

The new blog-style opinion hub at Reuters makes a splash with the hiring of Felix Salmon.  (Mixed Media, FT Alphaville)

To watch CNBC today is to enter an alternative universe, where elites are populists, Wall Street is Main Street and bank executives are the oppressed.”  (Time.com)

Apparently opposites attract when it comes to spending styles in marriage.  That is not necessarily a good thing it turns out.  (SSRN.com)

Another great reason to own an iPhone.  March Madness!  (Silicon Alley Insider)

Thanks for checking in with Abnormal Returns. Feel free to contact us with any questions and/or comments.

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