Monday links: flu-like symptoms

27Apr09

Overbought conditions and the risk of a stock market “spring failure.”  (TheStreet.com, Mish)

Checking in on the state of investor sentiment.  (Trader’s Narrative, Technical Take)

After quite a rally, insiders are selling.  (Big Picture)

The ‘long run’ isn’t everything, but it’s something, which is to say it’s relevant. Studying it, then, is productive.”  (Capital Spectator)

Leveraged ETFs have several disadvantages that make them not suitable as long term holdings.  (CXO Advisory Group, Daily Options Report)

2009 has been a rough one for activist investors.  Blip or trend?  (WSJ.com)

Goldman Sachs (GS) is not sitting around idly as they boost the trading risk.  (Dealbreaker)

“Measured by implied default rates, loan valuations are cheap.”  (DealBook)

“The components of the S&P 500 had more than $600 billion in cash at the end of 2008. When they prove willing to spend it in larger chunks rather than continue to sock it away for a rainy day, that might be a sign that the forecast is brightening.”  (The Big Money)

What effect did SARS have on the stock market?  (Sentiment’s Edge)

The swine flu outbreak is coming at the worst time for the global economy.  (Breakingviews, Marginal Revolution, Market Movers, Free exchange)

The US will hold a majority stake in General Motors (GM) post-debt conversion.  (Alea, Distressed Debt Investing, 24/7 Wall St., Zero Hedge)

He said, he said.  John Thain is not happy with his treatment by Bank of America (BAC) in the wake of the Merrill Lynch acquisition.  (WSJ.com also Clusterstock, FT Alphaville, Atlantic Business)

Stockholm syndrome on Wall Street Tim Geithner was chummy with much of Wall Street while president of the New York Fed.  (NYTimes.com also Clusterstock, Infectious Greed, naked capitalism, Atlantic Business)

Crises definitely end.  But do they end with rapid recovery or with stagnation?”  (Baseline Scenario)

“The Treasury, the FDIC, and the Fed are engaged in, in the most charitable estimation, deceptive marketing practices.”  (finem respice)

Are we conflating “boldness” with bank nationalization?  (The Balance Sheet)

In defense of immigration.  (Real Time Economics, TheWeek.com)

Secondary markets for private stock are coming…just not yet.  (Information Arbitrage)

“Of course the stock market is not going away, but it’s broken and you would do well to spend less time worrying about every tick and focusing on building your business.”  (Howard Lindzon)

Twelve financial pundits worth following on Twitter.  (SmartMoney.com)

MLB franchise values are not immune to the economic crisis.  (EconomPic Data)

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