So Much for the Bailout Rally . . .

Wow, that’s a nearly 450 point swing.Very surprising to see the bailout pass, and get signed into law, and then see the market fade.

Once again, I have to say — I hate to read too much into intra-day action, as its mostly noise, but this is not a positive development . . .



Category: Bailouts, Markets, Psychology

Media Appearance: Power Lunch (10/03/08)

Category: Media

SPX Comparison: 1982-87 vs 2002-08

Category: Markets, Technical Analysis, Trading

Payroll Drops 159k

Category: Employment


Category: Employment

SEC Deregulation Let Banks Leverage Up

We’ve discussed this extensively over the past few weeks, but its now on the front page of the NYTimes: “Many events in Washington, on Wall Street and elsewhere around the country have led to what has been called the most serious financial crisis since the 1930s. But decisions made at a brief meeting on April…Read More

Category: Bailouts, Corporate Management, Credit, Derivatives, Taxes and Policy

Cato on the Financial Crisis and the Bailout

Cato, the right leaning think tank, rails against the bailout.   I am not sure Cato fully understand how the crisis came about, as indicated by their ongoing emphasis deregulating Wall Street. 

Still, this is well done and interesting . . .

Category: Bailouts, Video

Roubini Ritholtz Conference Call

Just got home from the conference with Nouriel Roubini et. al.

Mad props to Marketbeat for live blogging the entire session (after the jump).

This was a dry run for the next version, which might be 4 people (any names you might like to see/hear? Use comments to suggest others).

Read More

Category: Economy, Podcast, Web/Tech

New Hedge Fund: Strategery Capital

Category: Hedge Funds, Politics, Taxes and Policy

Why did the housing meltdown happen in the United States?

Category: Real Estate