Friday links: uncertainty and opportunity

10Oct08

“It’s like a slow motion, controlled crash.”  (Trader Mike also Trader’s Narrative)

We are headed for the second worst week in Dow history.  (Bespoke)

“It’s forced selling.”  (Bill Rempel)

Ten bullish indicators.  (Big Picture)

Is the market’s “rubber band” broken?  (Kirk Report)

“In the past, when stock returns have been as crappy as they have been over the past 10 years, it has been a great time to buy.”  (Clusterstock)

“Investing is always uncertain. Always.”  (Capital Spectator)

The market crash has taken a toll on some renowned hedge fund managers, the “Tiger Cubs.”  (NYPost.com)

Morgan Stanley (MS) is the bellwether for the financial services industry.  (DealBreaker.com, WSJ.com, NYTimes.com, Market Movers, MarketBeat)

Results from the Lehman CDS settlement are in.  (MarketBeat, DealBook)

Treasury repo fails are on the rise.  (FT Alphaville)

“Hedge funds are supposed to hedge. This year, they haven’t.”  (Economist.com)

Then again, research shows hedge funds really can market time.  (All About Alpha)

When your model has you 100% in cash.  (World Beta)

This environment is not conducive to models based on historical relationships.  (MarketSci Blog)

Don’t forget the commodity crash.  (Bespoke, FT Alphaville)

Discounts have blown out on closed-end muni funds.  (EconomPic Data)

Now is not the time for covered calls.  (Daily Options Report)

Deregulated utilities are trading below replacement value.  (WSJ.com)

Do global markets need a cooling off period?  (Real Time Economics)

“Is the European credit crisis America’s fault?  No.”  (Slate.com)

Banks need capital.  (Big Picture)

Signs of spillover into the real economy.  (Clusterstock)

How would a bank recapitalization program work?  (Marginal Revolution)

Who’s to blame for this mess?  Frankly, everybody.  (Aleph Blog)

Should the Fed target Libor directly?  (Market Movers)

A history of U.S. banking shows no shortage of crises.  (WSJ.com)

Is the American model of capitalism broken?  (WashingtonPost.com)

What has the economics profession been doing the past thirty years?  (EconLog)

“Survival” should be the goal of Silicon Valley start-ups at this point in the economic cycle.  (GigaOm.com)

Have we missed an interesting post in the investment blogosphere? If so, feel free to drop Abnormal Returns a line.

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