Sunday links: junk stock surge

26Apr09

Can”junk stocks” continue to lead the market rally? (WSJ.com also Fund My Mutual Fund)

Did you blink? Stocks are now back trading near “fair value.” (Clusterstock)

Stock market recoveries on average take around two years, the Great Depression some four and half years. (NYTimes.com)

Does the McClellan Oscillator hold water in this market? (MarketSci Blog, ibid)

Don’t forget recovery rates matter just as much as default rates for high yield bonds. (Zero Hedge)

The iShares National Municipal Bond ETF (MUB) has bounced back in a big way. (Bespoke)

On the difference between gold and gold miners. (ETF Trends)

On the importance of having an investment benchmark. (Abnormal Returns)

“Can the vaunted iShares business — the clear market-share leader in ETFs — continue to thrive under private equity’s umbrella?” (Marketwatch.com)

All eyes are on commercial real estate for the next big financial hiccup. (The Big Money also Zero Hedge)

The worst is over for the economy, just don’t call it a bottom. (Clusterstock)

Nouriel Roubini is not buying into the “green shoots” theory for the economy. (Newsweek.com)

Was the oil shock of 2007-08 the sole cause of the recession? Certainly not. But did it make a material contribution? In my opinion, the answer unquestionably is yes.” (Econbrowser)

The IMF needs some cash, fast. Time to sell some bonds. (NYTimes.com)

Bank stress tests, not so stressful. (Big Picture, Zero Hedge, Alea)

Don’t expect much oversight from the COP, which oversees the TARP program. (naked capitalism)

Bank balance sheets, liquidity and solvency. A discussion. (Calculated Risk, ibid)

Fiat is getting the better end of the Chrysler deal. Thank you US taxpayer. (Deal Journal also Baseline Scenario, Atlantic Business)

The long term effects of job loss are surprisingly high. (The Stash)

China’s fortunes over the past decade remind me of Lucent Technologies in the 1990s.” (Contrarian Edge)

China’s power is undoubtedly increasing. Not every action by Beijing, however, is indicative of attempts to alter the current global political economy.” (Foreign Policy)

How worried should we be? Swine flu is now officially a “public health emergency.” (WSJ.com, NYTimes.com, Clusterstock, LiveScience.com, Marginal Revolution, Infectious Greed, 24/7 Wall St., Atlantic Business, The Skeptical Hypochondriac)

Wall Street’s governance crisis…circa 1826. (Wellesley.edu via SSRN.com)

A couple of new books on the failure of economics to explain the recent past? (Econbrowser)

A review of Michael Covel’s “Trend Following” and the ensuing controversy. (Aleph Blog, ibid)

In praise of aggregation, “Aggregation is the central element of distributing content on the web.” (A VC)

In praise of Chart.ly, which is Twitpic for stock charts. (Howard Lindzon, Buy on the Dip)

The many ways you can get your financial news via Twitter. (WashingtonPost.com)

E-mail clients need to change with the times. (GigaOM)

SSRN.com now has a blog. (SSRNblog.com)

Curious what other bloggers are saying about Abnormal Returns? So are we. Feel free to check out a compilation of reviews.

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