Wednesday links: diversification punch

10Oct07

Loan sales aside, banks still have a full pipeline of leveraged loans to off-load. (WSJ.com)

Can we trust the assurances of bank execs who just wrote off billions in loans? (Slate.com)

Is the market right to bid up shares in those banks that have already faced the music? (Market Movers)

Market volatility aside, institutional investors plan to keep pouring capital into alternative asset classes. (NYTimes.com)

Goldman Sachs (GS) is back near its high, is the credit crisis officially over? (FT Alphaville)

The next phase in the Eddie Lampert-Sears Holding (SHLD) story. (Fortune.com)

High yield bond spreads have re-traced a third of this summer’s increase. (Bespoke Investment Group)

“The real story remains as it has been– the demand for oil remains strong, and increases in production have not been very significant. That reality is what has been driving oil markets all along.” (Econbrowser.com)

“(T)he upside for share prices of multinationals such as XOM is increasingly dependent upon a continued rise in oil prices.” (TraderFeed)

On a market’s liquidity and the ability to serve as a “tell.” (Big Picture)

OTM put buying: smart money or Nervous Nellies? (Daily Options Report)

“The pace of redemptions in mutual funds is at its lowest rate in 20 years…” (Marketwatch.com)

Foreign bonds, with a newly launched ETF, “…pack a diversification punch.” (Capital Spectator)

“A good rule of thumb is that whenever there is a lack of natural counterparties, there will be pricing difficulties.” (Aleph Blog)

Will the proposed merger of the U.S. brewing operations of SABMiller and Molson Coors attract anti-trust attention for its “3 to 2” effect? (DealBook)

Research into the ‘forward premium puzzle.’ (SSRN.com)

Handicapping the field for the 2007 Nobel Prize in Economics. (Real Time Economics)

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