Friday links: market fallibility

26Jan07

Vanessa O’Connell and Joseph T. Hallinan in the Wall Street Journal on the prospects for a three-way Altria (MO) split-up.

FT Alphaville on the Nasdaq-LSE standoff.

breakingviews.com on how Sam Zell’s stubbornness earned him (and his fellow shareholders) an extra few billion dollars in the buyout of Equity Office Properties (EOP).

Kara Scannell in the Wall Street Journal on the who and whys of “empty voting.”

FT Alphaville on the unwinding of Amaranth.

MarketBeat on signs of “excessive risk taking” on the part of retail investors, and the financial sector’s continued strength in the face of higher bond yields.

Barry Ritholtz at the Big Picture has a behavioral explanation why the markets are not “infallible.”

Ticker Sense tempts fate with this graphical depiction of this market’s current streak.

Mark Hulbert at Marketwatch.com notes bond timers have not yet thrown in the towel on their bullishness.

James Picerno at the Capital Spectator on growing defensiveness in the bond market.

Eddy Elfenbein at Crossing Wall Street highlights the relative P/E ratios of major industry sectors.

DealBook passes along Bill Miller’s comments on the inevitable end of his streak.

Jon Friedman at Marketwatch.com on how CNBC has handled “The Story.”

Laurie Kulikowski at TheStreet.com on the CBOE’s plan to de-mutualize.

With energy prices perking up, Catharina Milostan at Morningstar.com has some “frontier” energy picks for 2007.

Jim Jubak at MSN Money thinks oil stock bargains are still “six to nine” months away.

What does this bank IPO mean for the Russian stock market? (via The Economist)

We were really surprised to read this item on VC pay from Paul Kedrosky.

Jessie Scanlon and Helen Walters in BusinessWeek.com on how the new iPhone is a “truly chameleon device…”

Ridiculous item of the day: Chicago Bears vs. Prince rematch at Super Bowl XLI (via kottke.org)

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