Wednesday links: mark to model

29Aug07

Accrued Interest with the reasons why, “Every bond portfolio in the whole damn world is marked to model.”

Barry Ritholtz at the Big Picture on the value of ‘fundamental analysts.’

Mark Hulbert at Marketwatch.com writes “In other words, focusing on consumer confidence tells you a lot about how the stock market has performed in recent weeks and relatively little about the future.”

Gwen Robinson at FT Alphaville on the changing perceptions of the riskiness of emerging market debt.

David Gaffen at MarketBeat writes “But what’s surprising is that commentators aren’t looking at emerging markets as the first item to toss in favor of safer plays,”

Dana Cimilluca at Deal Journal on estimates of just how much LBO debt really “looms.”

Yves Smith at naked capitalism on whether the “..degree of deleveraging of corporate balance sheets may be exaggerated.”

Aaron Pressman at BusinessWeek.com on the search for value amid the high yield bond rubble.

Home builder bonds are discounting a sizeable chance of bankruptcy. (via MarketBeat)

All About Alpha on the “secret sauce” employed by activist hedge fund managers.

Roger Ehrenberg at Information Arbitrage with some advice for today’s markets “Keep a cool head. Really get a grip on your portfolio. And don’t do anything rash.”

Brett Steenbarger at TraderFeed writes “It is not realistic to think that stress can be eliminated from trading.”

Roger Nusabaum at TheStreet.com identifies a better portfolio diversifier than gold.

Mebane Faber at World Beta looks for opportunities in the world of closed-end funds.

Justin Fox at the Curious Capitalist on the role “hyperbolic discounting” plays in the current mortgage mess.

Bespoke Investment Group with a more detailed look at the gloomy S&P/Case-Shiller housing price data.

Howard Lindzon has a message for Wallstrip fans who do not understand product placement deals.

Will financial market volatility spillover into the art market? (via NYTimes.com)

Free Exchange on the overlooked importance of compounding economic growth on the general welfare of societies.

The “cat fight” spills over into the rank and file at CNBC. (via Page Six)

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