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UC San Diego and Harvard deliver first experimental findings on spread of cooperation in a social network For all those dismayed by scenes of looting in disaster-struck zones, whether Haiti or Chile or elsewhere, take heart: Good acts – acts of kindness, generosity and cooperation – spread just as easily as bad. And it [...]
Setups abound. (The Reformed Broker)
Is the risk trade back on again? (The Money Game)
Shiller vs. Siegel on market valuation. (WSJ also Crossing Wall Street)
Lessons learned a year from the market bottom. (Big Picture, MarketBeat, Morningstar, Marketwatch)
Country stock market performance one year into the bull market. (Bespoke)
Are mutual funds truly “burning through cash” or is [...]
Differentiating Financial Products Even the smartest amongst us can be fooled by the pricing structures of relatively simple financial products. In any normal industry we would expect the law of one price would be prominent – in efficient markets all identical goods must have only one price. Now whether or not the market for [...]
Happy birthday, bull market! (Crossing Wall Street)
How overbought are the markets here? (Trade to Learn)
The Nasdaq Composite is above pre-Lehman levels. (Bespoke)
Equity mutual funds are burning through their cash on hand. (Bloomberg)
Why a 17 or so VIX is not that surprising. (Options Zone)
Barton Biggs thinks global large cap stocks are wicked cheap. (The Money [...]
Junk stocks continue to outperform. (The Reformed Broker also Bespoke, Trader’s Narrative)
Just because the VIX is well below 20 does not mean investors are “complacent.” (Barron’s)
The VIX methodology is taking over the world. (CME Group)
The state of market sentiment at week-end. (Trader’s Narrative, The Technical Take)
The market has moved on from a long list [...]
Little-known brokerage firm Monness, Crespi, Hardt & Co has long toiled in the shadows of Wall Street, but the boutique suddenly has been thrust into the limelight because of an “ideas dinner” it sponsored last month for a group of about 18 hedge fund traders. Monness Crespi sponsors unscripted dinners from time to time, [...]
Can an intelligent person using common sense make money trading? (A Dash of Insight)
A couple of approaches to improve on buy-and-hold returns. (MarketSci Blog, Big Picture)
Mark Twain on why your bet on green energy will likely not work out. (Street Capitalist)
Is the stock market 26% overvalued according to long-term P/E ratios. (The Pragmatic Capitalist)
“It [...]
Wiley-Blackwell congratulates the 2009 Nobel Memorial Prize in Economic Sciences winners: Elinor Ostrom and Oliver E. Williamson. Professor Ostrom is also the first woman to receive the Prize in Economics. To celebrate their outstanding achievement, we are delighted to give you the opportunity to read articles by both winners for free. Professors Ostrom and [...]
I haven’t seen it, but according to this Feature Length Documentary: The current economic crisis is not a failure of capitalism, but a failure of culture. Generation Zero explores the cultural roots of the global financial meltdown – beginning with the narcissism of the 1960’s, spreading like a virus through the self-indulgent 90’s, and [...]
By Damiano Brigo, Mirela Predescu and Agostino Capponi Abstract We review different approaches for measuring the impact of liquidity on CDS prices. We start with reduced form models incorporating liquidity as an additional discount rate. We review Chen, Fabozzi and Sverdlove (2008) and Buhler and Trapp (2006, 2008), adopting different assumptions [...]
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