Monthly Archives: March 2010

Interest Rate Swaps Go Sour for Cities, States

Download 2010-3-22 Municipalities Want Out of Losing Interest-Rate Bets With Wall Street – WSJ.com Cities and states partnered with Wall Street to save some money.  They didn't expect that interest rates could move in the direction opposite of that they … Continue reading

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How to Do Pairs Trades

Download 2010-3-20 Running With Scissors: Trading Stocks in Pairs – WSJ.com The tactic is called "paired trading," and it is essentially a bet that the relative valuation between two particular securities will converge—in this case, Exxon and its peer Chevron. The … Continue reading

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VIX Sending Odd Signals – Sell?

Download 2010-3-20 A Buy Sign That May Mean Bail – WSJ.com The stock market's most closely followed volatility index dropped this past week to its lowest level in nearly two years. Some investors who study volatility believe low readings are … Continue reading

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Gotta See Buffett in This Video

NYT: Buffett Rocks Out

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Inside View on a Secretive Hedge Fund: Renaissance Technologies

Download 2010-3-16 Pioneering Fund Stages Second Act – WSJ.com Mr. Simons made his reputation on his signature fund, called Medallion, which has posted average returns of about 45% a year, after fees, since its inception in 1988. Since 1995, it … Continue reading

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Moody’s Warns of Loss of AAA Rating for U.S.

NYT: Credit Agency Warns U.S. and Others of Risk to Top Rating PARIS — The United States, Germany and other major economies have moved “substantially” closer to losing their top-notch credit ratings and can not depend solely on economic growth … Continue reading

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Excellent Radio Piece on Toxic Assets

NPR: We Bought A Toxic Asset; You Can Watch It Die Toxic assets — home mortgages packaged into complicated bonds that no one wanted to touch when the housing bubble collapsed — are starting to trade again. Planet Money wanted to … Continue reading

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Report: Lehman Torpedoed Lehman

Download 2010-3-12 Examiner- Lehman Torpedoed Lehman – WSJ.com The document runs thousands of pages and contains fresh allegations. In particular, it alleges that Lehman executives manipulated its balance sheet, withheld information from the board, and inflated the value of toxic … Continue reading

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Americans Pare Down Debt

Download 2010-3-12 Household Net Worth Rises – WSJ.com U.S. consumers are shedding debt at the fastest rate in more than six decades, largely through a wave of defaults, in a trend that underscores the depth of their financial troubles but … Continue reading

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New Dennis Gartman Letter — the Trading Rules Guy

Download 2010-3-11 The Gartman Letter

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