Tuesday links: feels like 1997

24Feb09

The stock market is down 50% from its peak.  (WSJ.com, FT.com)

Where is the equity risk premium?  (EconomPic Data)

Now is not the time to be making big bets on the market.  (MarketSci Blog)

The financial sector wipe out in pictures.  (Bespoke)

“It is just way too easy for the financial short sellers.”  (Howard Lindzon)

A quarter of the stocks in the S&P 500 no longer meet the index’s market cap requirement.  (Bespoke)

Are defensive stocks still worth a shot?  (FT.com)

Leveraged ETFs becoming persona non grata at some clearing firms.  (greenfaucet.com)

The US Oil Fund (USO) is causing all manner of distortions to the WTI futures contract.  (FT Alphaville)

What your trades in the SPDR Gold Trust (GLD) really mean.  (Kid Dynamite)

Should GE (GE) trade like a money center bank?  (24/7 Wall St.)

On the predictability of currency returns.  (SSRN.com)

The formula that killed Wall Street.  (Wired.com)

Mutual fund managers are lousy market timers.  (SSRN.com)

“So did El-Erian’s decision to move back to California from Boston cause billions of dollars in losses for the Harvard endowment?”  (Market Movers)

Are VC capital concerns large enough to make money from the government attractive?  (peHUB.com also Atlantic Business)

Is is time for Blackstone Group (BX) to go private?  (DealBook)

An interview with the “other guy” from the Santelli rant.  (Daily Options Report)

“Above all, we need to encourage or, most likely, force the large insolvent banks to break up.”  (Baseline Scenario)

Open-ended bailouts create a sunk costs problem for the Feds.  (Clusterstock also naked capitalism)

The math doesn’t really add up for a potential Citigroup (C) investment.  (WSJ.com)

Bank nationalization is now technically possible.  (WashingtonPost.com)

Should the example of Continental Illinois inform our current stance on bank nationalization?  (WSJ.com, Big Picture, Market Movers)

House “prices are still falling, and will probably continue to fall for some time.”  (Calculated Risk)

Is it time to kill the home mortgage interest deduction?  (Economix also Clusterstock)

The four pillars of the Dumb Money culture.  (Slate.com)

“In the current financial crisis, the PR game is serious business. ”  (Politico.com)

Is the CFTC the right agency to oversee credit default swaps?  (The Big Money)

The Aleph Blog is slowing down.  (Aleph Blog)

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