Wednesday links: alpha disappearance

18Apr07

Speaking of megacap catalysts, Justin Lahart and E.S. Browning at WSJ.com
discuss how the buyout boom has put a floor under large cap stock prices.

Eddy Elfenbein at Crossing Wall Street examines the disparate performance of various indices since year-end 1999.

Felix Salmon and Jesse Eisinger do a point-counterpoint thing on the riskiness of the derivatives market.

This seems like an ill-conceived idea. Blackstone plans to use “fair value” accounting. (via WSJ.com)

Sonya Morris at Morningstar.com looks at some bottoms-up calculations on the market’s valuation.

Wanfeng Zhou at Marketwatch.com with more on $2 sterling.

Post-Sallie Mae are the banks now in play? (via WSJ.com)

Brett Steenbarger at TraderFeed believes traders should ban the word “should” from their vocabularies.

Curtis M. Faith at Way of the Turtle agrees with Dr. Brett and notes that the “market is the only truth.”

Jeff Miller at A Dash of Insight on finding an edge appropriate to your time frame.

MarketBeat on gas prices and inflation trends.

CXO Advisory Group reviews research on the value of candlesticks in market timing.

Chad Brand, Kevin Kelleher, Adam Warner and MarketBeat on the state of Yahoo! (YHOO).

Are defensive stocks too expensive? (via FT Alphaville)

Is the credit default swaps (CDS) market rife with insider dealing? (via DealBreaker.com)

Are activist hedge fund managers the “saviors of modern capitalism”? (via WSJ.com)

Has alpha “essentially disappeared” from the hedge fund industry? (via Marketwatch.com)

Are the “majority of hedge funds selling beta at the price of alpha”? (via All About Alpha)

Is white collar crime being over-criminalized? (via DealBreaker.com)

Who is the largest commercial landowner in the U.S.? (via Big Picture)

Did you know The Stalwart is back?

Media critics are lining up to take their shots at the inaugural issue of Portfolio. (via DealBreaker.com)

Get ready for a flood of song re-makes by the original artists. (via New York Times)

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