Friday links: preventing future incompetence

10Apr09

The Fed wants banks to remain silent on the results of the not-so-stressful “stress tests.” (24/7 Wall St., Dealbreaker, Big Picture, Curious Capitalist)

After being the beneficiary of any number of emergency measures, Goldman Sachs (GS) is set to sell equity (and get out from under a government loan). (WSJ.com)

Is the Obama administration in Wall Street’s back pocket? (Clusterstock, ibid, True/Slant)

The tendency to demonize short sellers is part and parcel of a larger sickness in the market: the “ever up” philosophy that is linked at the hip with the misnomer that the retail investor is, de facto, entitled by right to 8% returns year after year.” (finem respice)

The Feds finally get tough on bondholders, only its auto company bondholders. (WSJ.com)

“The S&P 500 is currently trading 8.56% above its 50-day moving average, which is its most overbought reading since May 2001.” (Bespoke)

Long and strong is no way to play today’s market. (MarketBeat also EconomPic Data)

After a long run is the VIX set to return to pre-crisis levels? (VIX and More)

“Almost a third of all the bonds on the Merrill Lynch high-yield index are trading at prices below 50 cents on the dollar…” (Deal Journal)

Leveraged buyouts are getting done, provided the seller is also the lender. (Breakingviews)

Are changes afoot at iShares post-buyout? (IndexUniverse.com)

Five banks that don’t suck. (The Big Money)

Has the new claims for unemployment series already turned for the better? (Econbrowser)

Wishing away complexity does not change that or prevent future incompetence.” (Free exchange also Clusterstock)

The public pension underfunding crisis is looming on the horizon. (Atlantic Business)

Jack Bogle wants a fundamental overhaul of the retirement savings system. (BusinessWeek.com)

Is the reported correlation between testosterone and financial risk taking spurious? (Marginal Revolution)

The renaissance of data mining. (GigaOM, Freakonomics)

The “perfect” board game that is redefining the genre. (Wired.com)

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

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