Tuesday Readings
By Barry Ritholtz - November 3rd, 2009, 4:30PM
Some Tuesday reads:
• Howard Lindzon: The Top Ten Reasons You Sold Stocks on March 9th, 2009
• British break up several bailed-out banks (Washington Post)
• Synchronicity and Stock Prices (Barron’s)
• States Are Pondering Fraud Suits Against Banks (NYT)
• Malcolm Gladwell: How different are dogfighting and football? (New Yorker)
• Uncivil War: Conservatives to challenge a dozen GOP candidates (Politico)
• 2000-09: 50 Best Movies of the Decade (Paste)
What are you reading?
November 3rd, 2009 at 6:47 pm
IFFFFFFFFFFFF?????
Rep. Barney Frank says he expects a House bill will allow regulators to dismantle even healthy firms if they’ve grown so big that they threaten the broader economy.
IF the immortal 19 banks are TBTF now then by definition they’ve reached the point where they threaten the broader economy, no?
November 3rd, 2009 at 6:47 pm
So what’s the deal with all the divergences? Dollar up, Treasuries sold off big time after gaining overnight, gold way up, as was oil. Stocks resued by the SPARC’s as even Uncle Warren could help them much this morning.
November 3rd, 2009 at 6:53 pm
Boy, lotta typo’s there. Meant to say:
“Stocks rescued by the SPARC’s as even Uncle Warren could not help them much this morning.” However, perhaps CNBC repeating the Buffet story and how wonderful it was every 5 minutes may have had an effect on the great unwashed.
November 3rd, 2009 at 7:12 pm
are large banks really needed?
http://baselinescenario.com/2009/11/03/ackermann-vs-hoenig-take-it-to-the-wto/
are we paying a price for not nationalizing the banks?
http://economistsview.typepad.com/economistsview/2009/11/stiglitz-us-is-paying-for-not-nationalizing-banks.html
are funds really good thing for the investor? is compensation and fees for the funds so high to make it worth the time to have them? and will the USSC do any thing to enforce the law anyway?
http://moneywatch.bnet.com/investing/blog/fund-watch/why-mutual-fund-investors-should-prevail-in-jones-v-harris-associates/318/?tag=main;main-edit
some good news…or not?
http://moneywatch.bnet.com/investing/blog/fund-watch/why-mutual-fund-investors-should-prevail-in-jones-v-harris-associates/318/?tag=main;main-edit
http://econompicdata.blogspot.com/2009/11/what-goes-down-must-come-up-factory.html
November 3rd, 2009 at 7:13 pm
high powered dollar…really a problem ?
http://economistsview.typepad.com/economistsview/2009/11/death-by-renminbi.html
November 3rd, 2009 at 7:14 pm
help wanted….needs help?
http://economistsview.typepad.com/economistsview/2009/11/help-wanted-needs-help.html
November 3rd, 2009 at 7:15 pm
why gold is going up?
http://moneywatch.bnet.com/economic-news/blog/financial-decoder/why-gold-is-rising-hint-its-not-inflation/806/?tag=main-edit;main-edit-river
November 3rd, 2009 at 7:25 pm
Uncivil War: Conservatives to challenge a dozen GOP candidates
http://www.politico.com/news/stories/1109/29057.html
“…These high-stakes primaries, pitting the activist wing of the party against the establishment wing…”
“…To Wilkinson, he’d rather burn the house down if it means saving it…”
“…It’s kind of like investors in a company saying they’re not going to tolerate it anymore. And that’s what we’re seeing here,” said Eric Odom, executive director of the American Liberty Alliance, a libertarian-oriented group. “We’re already gearing up. This is just the beginning…”
…of course the irony is that Obama is supporting the recently passed “Say on pay” which allows shareholders to vote to set upper management compensation, and the GOP is against that… Somebody needs to tell the “teabaggers.”
November 3rd, 2009 at 9:38 pm
Nice piece from Spitzer on how the Republicans can capitalize on the lack of reform:
http://www.newdeal20.org/?p=6046
I think he’s right. I’m ready to vote Republican, as they couldn’t be doing a worse job than this administration.
November 4th, 2009 at 6:15 am
Great idea Mike: vote back in the neocons who got us here!
November 4th, 2009 at 10:49 am
Kansas Supreme Court Rules In Favor Of Wind Farm Construction Ban
http://www.nawindpower.com/e107_plugins/content/content.php?content.4841
Here’s what we’re up against in fighting Islamic fanatic financing… not Islamic fanatic financiers… but our own, home-grown (home-schooled no doubt) right wing nuts.
November 4th, 2009 at 10:52 am
IMF dumps their gold, can only sell half their allotment…
http://www.thenewamerican.com/index.php/world-mainmenu-26/asia-mainmenu-33/2229-indias-central-bank-buys-200-tons-of-gold
… yet gold prices soar. Go figure.