Monday links: micro-positions

04May09

“You could make a strong case that short term traders by and large took way less risk in the market melt than buy-and-hold types.”  (Daily Options Report)

“Phil and Dr. Brett recommend using these micro-positions as training wheels with which to practice until you have learned to meticulously honor your stops.”  (Wall St. Cheat Sheet)

What does the percentage of stocks above their 200 day moving average tell us about the health of the market?  (VIX and More)

The state of investor sentiment.  (Trader’s Narrative, Technical Take)

Why fighting the stock market rally hasn’t paid off.  (Howard Lindzon)

Not that we need it, but an actively traded ETF, Grail American Beacon Large Cap Value ETF (GVT), launches.   (Bull Bear Trader, IndexUniverse.com)

Not everything that came out of the Berkshire Hathaway (BRK-A) meeting was positive.  (FT Alphaville)

Are separately managed accounts really the solution to hedge fund disclosure problems?  (WSJ.com)

The swine flu, sorry H1N1, is now an official earnings excuse.  (footnoted.org)

The IPO drought might be coming to an end sooner than you think.  (A VC also WSJ.com)

A history of stock market manipulation, why the uptick rule doesn’t work as intended and what to do about it.  (Goode Value also All About Alpha)

Research indicates that leveraged CEOs tend to run more leveraged firms.  (SSRN.com)

Is the independent M&A advisory space getting crowded?  (Breakingviews)

What does the Chrysler bankruptcy tell us about how the banks will be handled going forward?  (Big Picture)

Just what is standard operating procedure in bankruptcy negotiations?  (Epicurean Dealmaker also finem respice)

Yet another story about Goldman Sachs (GS) and their wide-ranging influence, this time at the NY Fed.  (WSJ.com, Daily Finance, Clusterstock, naked capitalism)

Wall Street needs to recognize that its proper role is, as it has been in the past, to follow the real economy, rather than trying to drive it.”  (NewYorker.com)

Maybe converting preferred equity to common equity is the only way for the banks to get healthier.  (Clusterstock)

Nassim Taleb on the inherent fragility of big banks.  (Infectious Greed)

A quick primer on Masonomics.  (EconLog)

The best way to track the spread of swine flu across the United States in the coming weeks may be to imagine it riding a dollar bill.”  (NYTimes.com)

David beats Goliath more often than you think.  (NewYorker.com)

The outlook gets ever gloomier for the glossy, business magazines.  (24/7 Wall St.)

“Journalism can be fantastically good, of course — as can blogging. But when it’s bad, journalism, even in a well-respected publication, can be just painful — more so than just about anything you’re likely to find on a reasonably-respected blog.”  (Felix Salmon)

What you thought you knew about global demographic trends is probably out-of-date.  (Wilson Quarterly via Infectious Greed)

Money can buy you some wins in MLB, just not a championship.  (EconomPic Data)

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