Tuesday links: buyback blow-ups

21Oct08

More signs the credit markets are tentatively returning to normalcy.  (Alea, WSJ.com, Curious Capitalist)

Can value investors time the market?  (Market Movers)

One market valuation indicator has not been this bullish since 1990.  (Marketwatch.com)

“(W)e simply haven’t yet seen the impact of the credit crunch on earnings yet.”  (Dealbreaker)

Have equity markets ignored the rising risks of default?  (FT Alphaville)

Another day, another Fed funding mechanism.  (Big Picture, FT Alphaville)

Paulson to the banks, lend more and do more merger deals.  (DealBook, NYTimes.com)

Bernanke to Congress, how about another one of those stimulus plans.  (Clusterstock)

Volcker’s back!  (WSJ.com)

Cash is piling up Google’s (GOOG) balance sheet.  (WSJ.com also Jeff Matthews)

What happens after a one-day 20% drop in the VIX.  (VIX and More)

Another example of share buybacks gone horribly wrong.  (Bill Rempel)

The U.S. dollar has had a major rally this year.  (Bespoke, Infectious Greed)

Are high yield bond spreads now at attractive levels?  (Capital Spectator)

How to design an exchange-traded CDS contract.  (Accrued Interest)

Lower oil prices have turned things for the worse for alternative energy, Venezuela, Iran and Russia.  (NYTimes.com, ibid)

Will the US Treasury make money on the bailout.  (The Balance Sheet, Market Movers, breakingviews/NYTimes.com)

The Starbucks (SBUX) theory of international economics.  (Slate.com)

Is free market capitalism over?  Two competing responses.  (Ideas)

A modest request.  (Daily Options Report)

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