Noteworthy Financial Stories for December 23

Consumer Spending in U.S. Rises for Sixth Time in Seven Months
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0_fkVcEu4TM&pos=1

Bernanke’s Confirmation Support Runs 3-1 in Favor in Senate
http://www.bloomberg.com/apps/news?pid=20601087&sid=aFqZDUNtADdk&pos=4

Ten-Year Treasury Yields Near 4-Month High Before Auction Sizes
http://www.bloomberg.com/apps/news?pid=20601087&sid=acH_kKJXbO6E&pos=6

Energy, Financials May Lead Rebound in Takeovers, Survey Shows
http://www.bloomberg.com/apps/news?pid=20601084&sid=a0HsgLx0hgMU

Top hedge funds bet on sharp yields rise
http://www.ft.com/cms/s/0/40e8a426-ef69-11de-86c4-00144feab49a.html

Buffett Sells Moody’s Shares for Sixth Time After Profit Drop
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXF2UIjpbbDY

Noteworthy Financial Stories for December 22

Greece’s Credit Rating Cut to A2 by Moody’s on Debt
http://www.bloomberg.com/apps/news?pid=20601087&sid=aGGVyWXuDZ6E&pos=2

Buffett Says of Burlington Deal, ‘I’d Rather Be in the West’
http://www.bloomberg.com/apps/news?pid=20601087&sid=ah80tRfGp4Kk&pos=5

Small-business bankruptcies rise 81% in California
http://www.latimes.com/business/la-fi-smallbiz-bankruptcy22-2009dec22,0,3305684.story

Economy in U.S. Expanded at a 2.2% Annual Rate in Third Quarter
http://www.bloomberg.com/apps/news?pid=20601068&sid=a44Bv0_vuwuo

Eight Things for Markets to Watch Out for in 2010: Matthew Lynn
http://www.bloomberg.com/apps/news?pid=20601039&sid=a1xACv0_oKPQ

Bonds Are Signaling a Stronger Recovery
http://online.wsj.com/article/SB10001424052748704304504574609893302218278.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

Smithers: ‘There’s no reason to hold bonds’
http://ftalphaville.ft.com/blog/2009/12/22/117841/smithers-theres-no-reason-to-hold-bonds/

So I pulled Bernanke's mortgage...
http://effectivedemand.blogspot.com/2009/12/so-i-pulled-bernankes-mortgage.html

The Equity Culture Loses Its Bloom
http://www.iimagazine.com/asset_management/Articles/2359881/The-Equity-Culture-Loses-Its-Bloom.html

The Debate about Gold: Be Wary
http://oldprof.typepad.com/a_dash_of_insight/2009/12/the-debate-about-gold-be-wary.html

Ten Predictions for 2010
http://blogs.wsj.com/financial-adviser/2009/12/22/ten-predictions-for-2010/

Accept Defeat: The Neuroscience of Screwing Up
http://www.wired.com/magazine/2009/12/fail_accept_defeat/all/1

David Einhorn's Hedge Fund Greenlight Capital Unveils New Position
http://www.marketfolly.com/2009/12/david-einhorns-hedge-fund-greenlight.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarketFolly+%28Market+Folly%29#ixzz0aSNxlWcH

Gold Outshines All Other Assets For Past Decade
http://www.tradersnarrative.com/gold-outshines-all-other-assets-for-past-decade-3388.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TradersNarrative+%28Trader%27s+Narrative%29

3.6% of Prime Mortgages Delinquent 60 Days or Longer
http://globaleconomicanalysis.blogspot.com/2009/12/36-of-prime-mortgages-delinquent-60.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

Noteworthy Financial Stories for December 21

TIPS Give Way to Inflation as Deflation Yields Drop
http://www.bloomberg.com/apps/news?pid=20601087&sid=aV8CH5iI6Ztw&pos=5

Michigan wants land banks to spur redevelopment
http://www.detnews.com/article/20091221/POLITICS02/912210347/Michigan-wants-land-banks-to-spur-redevelopment

CEOs Paying 56% M&A Premium Shows Stocks May Be Cheap
http://www.bloomberg.com/apps/news?pid=20603037&sid=ahPoIYY._zgQ

S&P 500 May Gain 12%, Swedbank Says: Stocks Technical Analysis
http://www.bloomberg.com/apps/news?pid=20601084&sid=as.5ZYVab.Uo

U.K. Stocks Rise, Extending Steepest Yearly Gain Since 1997
http://www.bloomberg.com/apps/news?pid=20601084&sid=aGFxi1XZnbH4

Will The Dollar Continue To Rally?
http://www.bespokeinvest.com/bespoke/2009/12/will-the-dollar-continue-to-rally.html

Spank the Banker
http://thefinanser.co.uk/fsclub/2009/12/spank-the-banker.html

Why Are Banks Holding So Many Excess Reserves?
http://www.newyorkfed.org/newsevents/news/research/2009/rp091217.html

Sentiment Overview: Week Of December 18th, 2009
http://www.tradersnarrative.com/sentiment-overview-week-of-december-18th-2009-2-3356.html

Investor Sentiment: On Vacation
http://thetechnicaltakedotcom.blogspot.com/2009/12/investor-sentiment-on-vacation.html

Carry Trade: Iclandic Style
http://ftalphaville.ft.com/blog/2009/12/21/115971/cash-and-carry/

Best Investment Idea: NYC Taxi Medallions
http://mjperry.blogspot.com/2009/12/update-on-nyc-taxi-cartel.html

Stalking stocks pays off for hedge fund
http://www.suntimes.com/business/roeder/1948250,CST-FIN-curious20.article

Hedge Fund Service
http://www.hedgeable.com/manager/dynamicadvisor

Jeff Saut: Are We at Another Turning Point?
http://www.minyanville.com/articles/winter-solstice-2010-stocks-portfolio-market-dollar-carry-trade-turning-point-health-care-minyanville/index/a/26027

Ten Bold Predictions and Big Trades for 2010
http://www.minyanville.com/articles/stocks-oil-gold-currencies-commodities-foreign-markets-bonds-predictions-trades-2010-rally-dollar-minyanville/index/a/25839/from/home



Simply Funny
http://caps.fool.com/Blogs/ViewPost.aspxbpid=313935&t=01001329399083857736&source=itnsitlnk0000001


LEUTHOLD TURNS MORE CAUTIOUS
http://pragcap.com/leuthold-turns-more-cautious

At 281 bps, 2s10s Hit Another All Time Record Wide
http://www.zerohedge.com/article/281-bps-2s10s-hit-another-all-time-record-wide?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

2010 Key Sovereign Themes From Moody's
http://www.zerohedge.com/article/2010-key-sovereign-themes-moodys?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Doug Kass's 20 Surprises for 2010: Goldman Private, Gold Tumbles, etc.
http://paul.kedrosky.com/archives/2009/12/doug_kasss_20_s.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InfectiousGreed+%28Paul+Kedrosky%27s+Infectious+Greed%29

U.S. property faces long road to recovery –survey
http://www.reuters.com/article/idUSN1823824920091218

Small banks could suffer for years from bad CRE loans
http://www.portfolio.com/industry-news/banking-finance/2009/12/21/commercial-real-estate-loans-keep-dogging-banks/

Noteworthy Financial Stories for December 18

Pimco’s Gross Boosts Cash to Most Since Lehman Failed
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZjZKKYfNaxQ&pos=3

S&P 500 May Climb 6% on Santa Claus Rally: Technical Analysis
http://www.bloomberg.com/apps/news?pid=20603037&sid=aVKBp1t1jBAE

S&P/TSX May Stall at 13,000 on Rate Bets, Sehgal Says
http://www.bloomberg.com/apps/news?pid=20601084&sid=atxwLeNY8nWY

`There’s no bubble in gold,’ CIBC says
http://ftalphaville.ft.com/blog/2009/12/18/115946/theres-no-bubble-in-gold-cibc-says/

A stealth decade-long bull market
http://www.abnormalreturns.com/2009/12/a-stealth-decade-long-bull-market/

Rock-Star Hedge-Funder John Paulson May Not Be a One-Hit Wonder
http://nymag.com/daily/intel/2009/12/john_paulson_2.html#ixzz0ZzO8ukS8

If the Cash Flows Are There, Make the Deal, Investment Manager Says
http://www.reit.com/tabid/477/News/default.aspx?type=E&ID=80

REITs For 2010
http://www.forbes.com/2009/12/17/reit-outlook-property-markets-equities-citigroup.html

BIS to Phase in Capital Rules as Conditions Improve
http://online.wsj.com/article/SB10001424052748704238104574601711256034516.html?mod=dist_smartbrief

Good Thing the U.S. is Getting Into Commercial Real Estate
http://paul.kedrosky.com/archives/2009/12/good_thing_the.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InfectiousGreed+%28Paul+Kedrosky%27s+Infectious+Greed%29

Bernstein’s top 10 predictions for 2010
http://www.investmentpostcards.com/2009/12/18/bernstein%e2%80%99s-top-10-predictions-for-2010/

China Asset Bubbles Will Burst on Inflation, Xie Says
http://www.bloomberg.com/apps/news?pid=20601206&sid=auKk5dlX_LAQ

Bullish Dollar ETF Runs out of Shares
http://blogs.wsj.com/marketbeat/2009/12/18/bullish-usd-etf-runs-out-of-shares/

Why Are Banks Holding So Many Excess Reserves?
http://www.aleablog.com/update-why-are-banks-holding-so-many-excess-reserves/

Noteworthy Financial Stories for December 17

Whitney Cuts Goldman Sachs, Morgan Stanley Estimates
http://www.bloomberg.com/apps/news?pid=20601110&sid=aViIi0NHUWMQ

Lazard’s Parr Says Banks May Need to Raise $600 Billion Globally
http://www.bloomberg.com/apps/news?pid=20601110&sid=ayBJRn_183lk

Banks Will Rue Rushing to Repay Bailouts: David Pauly
http://www.bloomberg.com/apps/news?pid=20601110&sid=a.I9rV5weAe8

Biggest World Risk Is Carry Trade, Credit Suisse Says
http://www.bloomberg.com/apps/news?pid=20601110&sid=aVTOqFmLzqe8

Greenspan Says Stock Rally Means Lower Stimulus Need
http://www.bloomberg.com/apps/news?pid=20601110&sid=abaDf1NY0rlg

Dollar Gains on Fed Outlook as Asia Stocks, Futures, Euro Drop
http://www.bloomberg.com/apps/news?pid=20601110&sid=amqtWAtRHv0Q

All hail the Basel banking regime change
http://ftalphaville.ft.com/blog/2009/12/17/115326/all-hail-the-basel-banking-regime-change/

That yawning US yield curve
http://ftalphaville.ft.com/blog/2009/12/17/114876/that-yawning-us-yield-curve/

[Outlook 2010] Saxo’s outrageous predictions for 2010
http://ftalphaville.ft.com/blog/2009/12/17/113021/saxos-outrageous-predictions-for-2010/

Has money supply growth peaked?
http://ftalphaville.ft.com/blog/2009/12/17/114931/has-money-supply-growth-peaked/

[Outlook 2010] Chasing the rally into the New Year
http://ftalphaville.ft.com/blog/2009/12/16/114031/chasing-the-rally-into-the-new-year/

Graphic Trends: China Selling U.S. Debt?
http://www.thedisciplinedinvestor.com/blog/2009/12/16/graphic-trends-china-selling-u-s-debt/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+thedisciplinedinvestor%2FEBHR+%28The+Disciplined+Investor%29

Technical Talk: Sentiment still not overly bullish
http://www.investmentpostcards.com/2009/12/17/technical-talk-sentiment-still-not-overly-bullish/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wordpress%2FVYxj+%28Investment+Postcards+from+Cape+Town%29

Bob Farrell’s 10 Rules for Investing
http://www.ritholtz.com/blog/2008/08/bob-farrells-10-rules-for-investing/

Time Capsule Post (2010 Forecasts) — Open One Year Hence
http://www.ritholtz.com/blog/2009/12/time-capsule-post-2010-forecasts-open-one-year-hence/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

Obama vs. the Banks
Why make risky loans when you can exploit the Fed-Treasury interest rate spread?
http://online.wsj.com/article/SB10001424052748704398304574597910616856696.html

Investors look forward to solid returns
http://www.hedgefundsreview.com/hedge-funds-review/news/1566479/investors-look-forward-solid-returns

U.S. Economy Still Mired in Recession, Feldstein Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJeX28DZ8CK0&pos=7

International Panel Proposes Raising Bank Capital Requirements
http://www.nytimes.com/2009/12/18/business/global/18basel.html?_r=1

Medical office space seen as bright spot in battered commercial real estate market
http://www.latimes.com/business/nationworld/wire/sns-ap-us-commercial-real-estate-trends,0,5746743.story

Noteworthy Financial Stories for December 16

Global Confidence Holds Near Record as Recovery Gains Momentum
http://www.bloomberg.com/apps/news?pid=20601087&sid=apnonIXz1ivk&pos=2

Sentiment on S&P 500 Sinks to Five-Month Low on Debt Concern
http://www.bloomberg.com/apps/news?pid=20601087&sid=acX8Gipv5ScM&pos=4

Gold Buying by Central Banks Sends Sell Signal as Past Haunts Future Price
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSmAKY4Wzk7g&pos=6

Federal Reserve’s Bernanke Named Time’s ‘Person of the Year’http://www.bloomberg.com/apps/news?pid=20601087&sid=aha7dayF3enc&pos=9

[Outlook 2010] 10 surprises from UBS
http://ftalphaville.ft.com/blog/2009/12/16/113586/10-surprises-from-ubs/

Why Nouriel Roubini's Case Against Gold Is Wrong On Every Count
http://www.businessinsider.com/why-nouriel-roubinis-cae-against-gold-is-wrong-on-every-count-2009-12

The world’s riskiest sovereign borrower 2009
http://ftalphaville.ft.com/blog/2009/12/15/112756/the-worlds-riskiest-sovereign-borrower-2009/

Bernanke says banks stabilized, but lending still weak
http://www.reuters.com/article/idUSTRE5BF2BZ20091216

Will Santa Claus rally the markets this year?
http://www.watoday.com.au/business/cfd/will-santa-claus-rally-the-markets-this-year-20091215-kt19.html

2009 REVIEW & 2010 PREVIEW
http://pragcap.com/2009-review-2010-preview

Monthly Review of 2009
http://www.valueexpectations.com/blogs/november-stock-market-review-retrospect-year-almost-over12082009

Buy anything: 2010 should be a can't-lose year for investors
http://www.dailyfinance.com/story/investing/buy-anything-2010-is-forecast-to-be-a-cant-lose-year-for-inves/19276899/

The "Avalanche of Good News" Continues - Even the U.S. Dollar is Up!
http://www.navellier.com/commentary/weekly_marketmail.aspx

The rally may be running out of time
http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/the-rally-may-be-running-out-of-time.aspx

Decidedly Speculative
http://www.hussmanfunds.com/wmc/wmc091214.htm

A Brief Look at Fed Balance Sheet
http://theburningplatform.com/groups/quinns-daily-dose-of-reality/discussions/fed-balance-sheet

Outlook 2010: The Dollar Holds the Key, Todd Harrison Says
http://finance.yahoo.com/tech-ticker/article/388906/Outlook-2010-The-Dollar-Holds-the-Key-Todd-Harrison-Says

S&P 500 to Climb to 1,350 Next Year, Prudential’s Praveen Says
http://www.bloomberg.com/apps/news?pid=20601084&sid=aXxGbYY2EkDE

Bearish on bonds
http://www.marketwatch.com/story/adviser-remains-bearish-on-treasury-bonds-2009-12-15

Expected Mortgage Rates
http://www.calculatedriskblog.com/2009/12/expected-mortgage-rates.html

Morningstar Reports U.S. Mutual Fund and ETF Asset Flows Through November 2009
http://corporate.morningstar.com/US/asp/subject.aspx?xmlfile=174.xml&filter=PR4448

Bad Investment Ideas for 2010
http://news.morningstar.com/articlenet/article.aspx?id=319446

How to Get More "Punch" for Your Dollar?
Consider "Beta" -- a Look at Rino and Chindex
http://www.esignal.com/exchange/12_2009/money_investing.aspx

Rosenberg on Utility Stocks: ‘Where Boring is Sexy’
http://blogs.wsj.com/marketbeat/2009/12/14/rosenberg-on-utility-stocks-where-boring-is-sexy/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fmarketbeat%2Ffeed+%28WSJ.com%3A+MarketBeat+Blog%29

A Basel breather heard ’round the world
http://ftalphaville.ft.com/blog/2009/12/16/113836/a-basel-breather-heard-round-the-world/


It's Your Life! No More B(lame) Excuses
http://www.minyanville.com/articles/index/a/25871

Buying bonds? Use caution
http://www.bankrate.com/system/util/print.aspx?p=/finance/investing/buying-bonds-use-caution.aspx&s=dls&c=investing&t=story&e=1&v=1

23 Funds That Comb the Market for Bargains
http://www.smartmoney.com/investing/mutual-funds/23-funds-that-can-comb-the-market-for-bargains/

More Craziness At Value Line: Value Line fires its legendary investment brain
http://www.crainsnewyork.com/apps/pbcs.dll/article?AID=/20091207/FREE/912079992/1051

Stocks seen notching up more gains in 2010
http://www.reuters.com/article/businessNews/idUSTRE5BF2TE20091216

Global stock market rally has further to run
http://www.reuters.com/article/newsOne/idUSTRE5BF2TZ20091216

America’s debt burden starts to shrink*
http://blogs.reuters.com/rolfe-winkler/2009/12/14/americas-debt-burden-starts-to-shrink/

Rydex Market Timers Very Optimistic
http://thetechnicaltakedotcom.blogspot.com/2009/12/rydex-market-timers-this-is-amazing.html

WHY IS THERE SO MUCH SKEPTICISM REGARDING THE RALLY?
http://pragcap.com/why-is-there-so-much-skepticism-regarding-the-rally

Crash Confidence Index
http://www.bespokeinvest.com/bespoke/2009/12/yales-crash-confidence-index.html

New Signs of Life for Collateralized Loans
http://www.businessweek.com/investor/content/dec2009/pi20091215_097871.htm

An Amazing Presentation from Mary Meeker
http://www.businessinsider.com/henry-blodget-mary-meekers-internet-presentation-from-web-20-2009-10

Noteworthy Financial Stories for December 15

Producer Prices in U.S. Climbed More Than Forecast
http://www.bloomberg.com/apps/news?pid=20601087&sid=abKbxMdRWxpw&pos=1

Wells Fargo to Sell $10.4 Billion in Stock, Repay U.S. Funds
http://www.bloomberg.com/apps/news?pid=20601087&sid=as1axnvhYOuk&pos=6

Regulators Resist Volcker Wandering Warning of Too-Big-to-Fail
http://www.bloomberg.com/apps/news?pid=20601109&sid=aDbxsIHM30H8&pos=11

S&P 500 to Climb to 1,350 Next Year, Prudential’s Praveen Says
http://www.bloomberg.com/apps/news?pid=20603037&sid=aXxGbYY2EkDE

‘Substantial’ Bank Losses Are Needed to Fix Housing
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3O_LxtUTnvk&pos=6

Moody’s sees sovereign states a-suffering
http://ftalphaville.ft.com/blog/2009/12/15/112331/moodys-sees-sovereign-states-a-suffering/

S&P downgrades Mexico
http://ftalphaville.ft.com/blog/2009/12/14/111846/sp-downgrades-mexico/

The Art of Pitching and Presenting
http://www.hedgetracker.com/article/Solidifying-a-Hedge-Fund-Brand-Presentation-Best-Practices

The loan dilemma
http://blogs.reuters.com/felix-salmon/2009/12/15/the-loan-dilemma/

Big banks get reprieve from FDIC
http://blogs.reuters.com/rolfe-winkler/2009/12/15/big-banks-get-reprieve-from-fdic/

MERRILL LYNCH’S BULLISH 2010 OUTLOOK – A BUBBLE IN PESSIMISM
http://pragcap.com/merrill-lynchs-bullish-2010-outlook-a-bubble-in-pessimism

US Equity Market Sentiment Review
http://www.ritholtz.com/blog/2009/12/us-equity-market-sentiment-review/

Importance of Stock Buybacks
http://econompicdata.blogspot.com/2009/12/on-timing-importance-of-stock-buybacks.html

THE FINAL DAYS OF THE GREAT LIQUIDITY?
http://www.capitalspectator.com/archives/2009/12/the_final_days.html

Jobs Are on the Way!
http://www.slate.com/id/2238099/

Gold
http://www.zerohedge.com/article/unbelievable-opportunity-gold

Noteworthy Financial Stories for December 14

Economists Warn of Asset-Price Bubbles
http://online.wsj.com/article/SB126074172673289729.html?mod=dist_smartbrief

Citigroup to Repay $20 Billion of Government Bailout
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRl1cyXWAXjs&pos=2

Treasury 2-Year Notes Are Losing Favor in Futures
http://www.bloomberg.com/apps/news?pid=20601087&sid=aO5JJRUqHGGU&pos=7

Eurosclerosis Is U.S. Diagnosis After Dodging Japan Stagnation
http://www.bloomberg.com/apps/news?pid=20601109&sid=axaPYnuYlqbs&pos=10

Fastest Food Inflation Since Riots Means Milk Up 39%
http://www.bloomberg.com/apps/news?pid=20601109&sid=aBYSp0.XfXZs&pos=14

S&P 500 Rallying 11% Is Forecast of Top Strategists
http://www.bloomberg.com/apps/news?pid=20603037&sid=afLRYI17ynXM

Mega merger Monday: Exxon in $41bn union with XTO Energy
http://ftalphaville.ft.com/blog/2009/12/14/111496/mega-merger-monday-exxon-in-41bn-merger-with-xto-energy/

Oil breaks
http://ftalphaville.ft.com/blog/2009/12/14/87721/oil-breaks/

Active Trader: Retracing Fibonacci's Steps
http://www.smartmoney.com/investing/stocks/active-trader-retracing-fibonaccis-steps/

10 lessons for investors from a dismal decade
http://www.marketwatch.com/story/10-lessons-for-investors-from-a-dismal-decade-2009-12-11

Bank Failures Tally
http://www.ritholtz.com/blog/2009/12/fdic-bank-failures/

Should the Fed be the nation's bubble fighter?
http://www.econbrowser.com/archives/2009/12/should_the_fed_1.html

10 best stocks for 2010
http://money.cnn.com/galleries/2009/pf/0912/gallery.best_stocks_2010.fortune/index.html

Hedge funds underperform in November, Many Investors bet Long on Gold
http://www.hedgetracker.com/article/Hedge-funds-underperform-in-November-Many-
Investors-bet-Long-on-Gold

Who Cares What The Dow Did Last Week?
http://www.forbes.com/2009/12/11/stocks-reits-funds-asset-allocation-personal-finance-bogleheads-view-ferri.html

Noteworthy Financial Stories for December 10

CRE
CMBS: Back in Business?
http://www.costar.com/News/Article.aspx?id=F5F7612FF5A1D539B586E0D7E2807DD6&ref=100&iid=160&cid=4551B02CF9EBB4A3FD8AA99C29554FD4

Commercial Real Estate Loan Defaults Rise in Third Quarter
http://www.costar.com/News/Article.aspx?id=11F2B1986F852F08A814E6A4EB0D5DDC&ref=100&iid=160&cid=4551B02CF9EBB4A3FD8AA99C29554FD4

U.S. Foreclosures to Reach 3.9 Million in Second Record Year
http://www.bloomberg.com/apps/news?pid=20603037&sid=a6aLuu9zxbcM

Bank
The Coming Wave Of Debt Defaults
http://www.forbes.com/2009/12/08/coming-bond-defaults-leadership-governance-debt.html

Commodities
A Roundup of Crude Oil Predictions and Targets
http://thereformedbroker.com/2009/12/09/a-roundup-of-crude-oil-predicitions-and-targets/

Info overload on oil reserves may confuse Wall Street
http://www.reuters.com/article/reutersComService_3_MOLT/idUSTRE5B844N20091209

Globe "Overdue For a Currency Crisis"; Why Jim Rogers Is Buying Dollars
http://finance.yahoo.com/tech-ticker/article/387796/Globe-%22Overdue-For-a-Currency-Crisis%22-Why-Jim-Rogers-Is-Buying-Dollars?tickers=gld,ewj,spy,dia,FXI,UUP,tlt&sec=topStories&pos=8&asset=&ccode=



Economy
The President's Job's Initiative Doesn't Measure Up
http://robertreich.blogspot.com/2009/12/presidents-jobs-initiative-doesnt.html


CHART OF THE DAY: IS THIS LEADING INDICATOR POINTING SOUTH?
http://pragcap.com/chart-of-the-day-is-this-leading-indicator-pointing-south


Stock Market
Q3 hedge fund launches outpace liquidations-report
http://www.reuters.com/article/idUSN0923255420091209


Treasury Yield Curve Steepest Since at Least 1980 After Auction
http://www.zerohedge.com/article/2s30s-hits-thirty-year-wide

Fiscal aspects of quantitative easing (wonkish)
http://krugman.blogs.nytimes.com/2009/03/20/fiscal-aspects-of-quantitative-easing-wonkish/


Interesting Stats
Honesty and Ethics Poll Finds Congress’ Image Tarnished
http://www.gallup.com/poll/124625/Honesty-Ethics-Poll-Finds-Congress-Image-Tarnished.aspx?CSTS=tagrss

Noteworthy Financial Stories for December 9

Hedge funder predicts return of the super-regionals
http://www.thedeal.com/dealscape/2009/12/hedge_funder_predicts_return_o.php

Countries' Debt Woes Pose Risk to Upturn
http://online.wsj.com/article/SB126027694950181771.html?mod=dist_smartbrief

First Greece, Now Spain In The Credit Ratings Crosshairs
http://ftalphaville.ft.com/blog/2009/12/09/88016/sp-revises-spains-outlook-to-negative/

Congrats to Bill Gross
http://www.bloomberg.com/apps/news?pid=20601109&sid=aPMoq5YbgJAY&pos=10

James Montier Recommended Reading List
http://www.mebanefaber.com/2009/12/08/james-montiers-reading-list/

Government is out of Bullets: Meredith Whitney
http://www.nakedcapitalism.com/2009/12/meredith-whitney-the-government-is-out-of-bullets.html

U.S. bailout fund left many problems unsolved: watchdog
http://www.reuters.com/article/idUSTRE5B80M320091209

Hedge fund assets climb back above $2 trillion
http://www.reuters.com/article/idUSLNE5B802E20091209

Investment choices seen tougher in 2010
http://www.reuters.com/article/idUSTRE5B64NC20091209

Hedge Fund Outflows Tapered Off Dramatically In 3Q-Lipper
http://online.wsj.com/article/BT-CO-20091208-709534.html

Contrarianism is the New Consensus
http://paul.kedrosky.com/archives/2009/12/contrarianism_i.html

Paulson Bets on Stocks
http://dealbook.blogs.nytimes.com/2009/12/09/paulson-bets-on-stocks/

Can the Market Rally Continue in 2010?
http://www.minyanville.com/articles/yahoo-techticker-festivus-markets-rally/index/a/25826/from/yahoo

Noteworthy Financial Stories for December 8

Banking
A Banking Butterfly Effect
http://www.portfolio.com/industry-news/banking-finance/2009/12/08/community-bank-failures-have-ripple-effect-on-developers/?ana=e_pft

How banks fail at foreclosure auctions
http://blogs.reuters.com/felix-salmon/2009/12/08/how-banks-fail-at-foreclosure-auctions/

Despite troubled RE market, multi-family interest surges
http://sanfrancisco.bizjournals.com/sanfrancisco/othercities/boston/stories/2009/12/07/story9.html?b=1260162000^2542771&s=industry&i=banking_financial_services

Crisis in sovereign, commercial debt seen
http://www.reuters.com/article/idUSTRE5B64B920091207

Credit booms go wrong
http://www.voxeu.org/index.php?q=node/4349

Economy
Consumer Credit in U.S. Declined Less Than Forecast
http://www.bloomberg.com/apps/news?pid=20601087&sid=af7H1B.73URs&pos=2

Small Business Owners’ Optimism in the Tank; Index Falls Again
http://www.nfib.com/nfib-on-the-move/nfib-on-the-move-item/cmsid/50299/

More Complaints on Nonfarm Payrolls
http://ftalphaville.ft.com/blog/2009/12/08/87601/more-us-non-farm-payroll-questions/

Obama to Cite Public Works, Energy for Jobs Growth
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJPbwhVL0gq8&pos=9

Japan – And we thought US had it bad
http://home.kyodo.co.jp/modules/fstPhotos/index.php?photoid=41361


Sentiment
The Next Bubble: The Looming Crisis in Books About the Financial Crisis
http://paul.kedrosky.com/archives/2009/12/the_next_bubble_1.html

Fed
NY Fed President Dudley: Still More Lessons from the Crisis
http://www.calculatedriskblog.com/2009/12/ny-fed-president-dudley-still-
more.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+(Calculated+Risk)

Lessons Lost
http://www.portfolio.com/industry-news/banking-finance/2009/12/08/enron-lessons-lost-as-regulations-like-sarbanes-oxley-are-attacked/?ana=e_pft

Moody’s Says U.K., U.S. Aaa Ratings Relatively Weaker
http://www.bloomberg.com/apps/news?pid=20601087&sid=av16pDNNrMig&pos=7

Debt Raters Avoid Overhaul After Crisis
http://www.nytimes.com/2009/12/08/business/08ratings.html?_r=1


Stock Market

TD Ameritrade CEO Tomczyk Sees Less Trading of Stocks in 2010
http://www.bloomberg.com/apps/news?pid=20603037&sid=a1.ZDoTPfbDw

Dollar Rally Imperils S&P 500, Bartels Says: Technical Analysis
http://www.bloomberg.com/apps/news?pid=20603037&sid=amQWSg18l504

Outlook 2010: How will analysts fare? Citi’s Analysis
http://ftalphaville.ft.com/blog/2009/12/08/87636/how-will-analysts-fare/

BofA Merrill Lynch Bullish on European Equities
http://ftalphaville.ft.com/blog/2009/12/08/87611/thundering-herd-bullish-on-euro-equities/

The Rally Apologista’s Handbook
http://thereformedbroker.com/2009/12/07/the-rally-apologistas-handbook/

Market Caps of the Fab Five
http://www.businessinsider.com/chart-of-the-day-top-five-companies-by-market-cap-for-the-decade-
2009-12

Ten Investment Themes For 2010
http://www.marketfolly.com/2009/12/ten-investment-themes-for-2010.html

Options
Mark Wolfinger: From Ph.D. to the Trading Floor, the Story Behind His Journey
http://www.behindthespread.com/mark-wolfinger/

Noteworthy Financial Stories for December 7

Gold
Gold Can’t Beat Checking Accounts 30 Years After Peak
http://www.bloomberg.com/apps/news?pid=20601087&sid=axdpxBrQ9JTg&pos=3

Dollar
Dollar Fear Trumps Greed in Guarding Against Rebound
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZuUmlXtfpcU&pos=4

Requiem for the Dollar
http://online.wsj.com/article/SB10001424052748704342404574575761660481996.html?mod=WSJ_hpp_RIGHTTopCarousel


Stock Market
Options Signal Stock Peril as Analysts See Profits
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWR6YjdVs0s4&pos=6

Market Outlook: JP Morgan Bullish on European Equities
http://ftalphaville.ft.com/blog/2009/12/07/87351/jp-morgan-forecasts-20-rise-for-euro-equities/

Will investors embrace "risk" trades in 2010?
http://www.reuters.com/article/idUSTRE5B34OA20091204

Dollar’s data-driven rally holds back stocks
http://www.ft.com/cms/s/0/8c516f7e-e2fd-11de-b965-00144feab49a.html


Banks
No Escape From TARP for U.S. Banks Choking on Real Estate Loans
http://www.bloomberg.com/apps/news?pid=20601109&sid=aaoaOoxV9AmU&pos=11

Quarter in U.S. foreclosure plan late on payments
http://www.reuters.com/article/idUSN0517257820091205

MBA: CMBS deterioration continues
http://blogs.reuters.com/rolfe-winkler/2009/12/07/mba-cmbs-deterioration-continues/


Fed
House likely to move on regulatory reform by end of the week
http://thehill.com/homenews/house/70791-house-likely-to-move-on-regulatory-reform-by-friday

Economy improving, faces headwinds: Fed's Bernanke
http://www.reuters.com/article/idUSTRE5B632Z20091207

Economy
Few believers of Nonfarm Payrolls
http://ftalphaville.ft.com/blog/2009/12/07/87321/those-unbelievable-us-payrolls/

Noteworthy Financial Stories for December 4

Economy
Obama Says Nation Has ‘Long Way to Go’ for Recovery
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZdxOx9RaRKY&pos=8

Job Drought in U.S. Almost Over as Temporary Help, Hours Surge
http://www.bloomberg.com/apps/news?pid=20601087&sid=ank4ZC8I3r6E&pos=3

Orders to U.S. Factories Increased 0.6% in October
http://www.bloomberg.com/apps/news?pid=20601068&sid=ambENrAqB_GQ

NBER’s Hall Says Recession May Be Over, Precise Month in Doubt
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4vZyoOwR6BU&pos=1

NonFarm Payrolls Estimates Before Today's Announcement - Every Firm Missed This One
http://ftalphaville.ft.com/blog/2009/12/04/87181/payroll-friday-the-goldman-take/

Stock Markets
Emerging markets aren’t a bubble
http://blogs.reuters.com/felix-salmon/2009/12/04/emerging-markets-arent-a-bubble/

FPA’s Rodriguez Flouts ‘Small Mind’ Investor Rules to Top Funds
http://www.bloomberg.com/apps/news?pid=20603037&sid=arQR.jbVgmFE

Too Soon to Declare the End for Cult of Equities
http://www.tradersnarrative.com/too-soon-to-declare-the-end-for-cult-of-equities-3272.html

Beyond Shiller P/E Ratios
http://ftalphaville.ft.com/blog/2009/12/01/86471/beyond-shiller-the-pe/

Is Profitibility or Technicals Driving Equity Markets?
http://www.ritholtz.com/blog/2009/11/is-profitibility-or-technicals-driving-equity-markets/

Futures
Gold gets hammered on jobs data
http://blogs.reuters.com/rolfe-winkler/2009/12/04/gold-gets-hammered-on-jobs-data/

Managed Futures - The Only Way To Manage Your Future
http://www.lawrencegmcdonald.com/2009/12/managed-futures-the-only-way-to-manage-your-future/

CRE
Forecast: Construction industry weak through 2010
http://cincinnati.bizjournals.com/cincinnati/stories/2009/11/30/daily44.html?ed=2009-12-04&ana=e_du_pub

Noteworthy Financial Stories for December 3

Stock Market
Goldman Outlook: sees 2010 as 'exciting, with risks'
http://ftalphaville.ft.com/blog/2009/12/03/86891/goldman-sees-2010-as-exciting-with-risks/

Catch a high-flying fund - up 56%
http://money.cnn.com/2009/11/25/pf/funds/yacktman_fund.fortune/index.htm

Economy
Trim Tabs vs Bureau Labor of Statistics
http://ftalphaville.ft.com/blog/2009/12/02/86766/on-outperforming-the-us-bureau-of-economic-analysis/

What Should You Do With Your Money in 2010?
http://online.wsj.com/article/SB10001424052748704498804574559971965355080.html?mod=dist_smartbrief


Gold
S&P Launches S&P 500 Gold Hedged Index
http://ftalphaville.ft.com/blog/2009/12/03/87001/new-sp-index-does-dollar-weakness-with-gold/

Silver Shinier than Gold?
http://etfdb.com/2009/silver-etfs-surge-a-better-investment-than-gold/

Gold hits record on hedge demand
http://www.smh.com.au/business/markets/gold-hits-record-on-hedge-demand-20091203-k6wr.html


Banks
Commercial Writedowns Loom for Banks
http://www.thestreet.com/story/10637211/1/commercial-writedowns-loom-for-banks.html?cm_ven=GOOGLEN

Analysis: CRE Mortgage Defaults Tick Up, Setting 16-Year High
http://www.reit.com/tabid/477/News/default.aspx?type=E&ID=75

Banks Report CRE Exposure Risky but Manageable
http://www.costar.com/News/Article.aspx?id=2E0EE07DF8A56CA6B20FA7BC2ACF499F

The downfall of Washington Mutual
http://seattle.bizjournals.com/seattle/stories/2009/09/28/story1.html

Fed
A Study in Contrasts in Financial Overhaul
http://www.nytimes.com/2009/12/02/business/02regulate.html?_r=1&ref=business

Geithner says administration plans to wind down TARP soon
http://www.nytimes.com/2009/12/03/business/economy/03derivatives.html?_r=1&ref=business

Misc.
Is Everyone in the Newsletter/Publishing Busy Crazy? Value Line Owner
http://www.crainsnewyork.com/article/20091129/FREE/311299993

Noteworthy Financial Stories for December 2

Stock Market
Hussman: 80% Chance Of A Market Crash Over The Next Year
http://www.businessinsider.com/henry-blodget-hussman-80-chance-of-a-market-crash-over-the-next-year-2009-11

Deutsche Bank Outlook
http://ftalphaville.ft.com/blog/2009/12/02/86671/deutsche-bank-ponders-all-things-sovereign/

Morgan Stanley Outlook
http://pragcap.com/morgan-stanley-stocks-are-set-to-decline-in-2010

Tale of the Tape: Bear vs. Bear
http://www.smartmoney.com/investing/stocks/tale-of-the-tape-bear-vs-bear/

SocGen: Prepare Yourself For The Worst Case Scenario!
http://www.businessinsider.com/socgen-prepare-yourself-for-the-worst-case-scenario-2009-11


Economy
ADP Says U.S. Companies Cut Estimated 169,000 Jobs
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoLEmvgexD_s&pos=2

Double dip warning
http://krugman.blogs.nytimes.com/2009/12/01/double-dip-warning/

Inflation Debate
http://ftalphaville.ft.com/blog/2009/12/02/86721/varying-perceptions/

The Real Elephant in the Room
http://www.ritholtz.com/blog/2009/12/jim-welsh-the-real-elephant-in-the-room/

Gold
Gold soars past $1,200 to new record high
http://www.ft.com/cms/s/0/351cbf7c-df08-11de-be8e-00144feab49a.html

Gold is Cheap!
http://www.ritholtz.com/blog/2009/12/albert-edwards-gold-is-cheap/

Banks
Bank Profit Mirage
http://www.annaly.com/blog/?p=735

U.S. credit card defaults seen testing highs: Fitch
http://www.reuters.com/article/ousivMolt/idUSTRE5B13BM20091202

How Some Near-Death Banks End Up Looking Alive: David Reilly
http://www.bloomberg.com/apps/news?pid=20601039&sid=aszI76S2WxYw

Fed
Fed: This Is Just A Test
http://business.theatlantic.com/2009/12/fed_this_is_just_a_test.php

Derivatives Industry Revamps Governance as Regulations Loom
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adzko0br3qZs

Noteworthy Financial Stories for December 1

CRE
World’s Most Expensive Office Markets Get Cheaper on Job Cuts
http://www.bloomberg.com/apps/news?pid=20601109&sid=ac3VGDkSkD7U&pos=11

Stock Market
Markets After Momentum Peaks
http://ftalphaville.ft.com/blog/2009/12/01/86206/markets-after-momentum-peaks

Post-Panic Recoveries
http://ftalphaville.ft.com/blog/2009/12/01/86196/post-panic-recoveries/

US Consumers Over Leveraged?
http://ftalphaville.ft.com/blog/2009/12/01/86186/false-idols-are-us-consumers-really-over-leveraged/

A Lookback at the US Bank Runs and Panics of 19th Century
http://ftalphaville.ft.com/blog/2009/12/01/86161/one-damn-panic-after-another/

Bonds
Pimco Says Investors to Sell Government Bonds on Record Sales
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=alrTksCTuUhQ



Hedge Funds
Hedge funds on track for best gains in 10 years
http://www.cityam.com/news-and-analysis/d4akctcy79.html

Guest Article: A Quant Bubble? More Likely a Mental Bubble
http://www.hedgefund.net/publicnews/default.aspx?story=10654

Economy
Good Bye! The Reappointment Of Bernanke Is Too Much To Bear
http://www.huffingtonpost.com/nassim-nicholas-taleb/good-bye-the-reappointmen_b_374576.html

Job Cuts Loom as Stimulus Fades
http://online.wsj.com/article/SB10001424052748703300504574568030523492914.html


Gold
Rosenberg: Gold Going to $2600 Thanks to China
http://finance.yahoo.com/tech-ticker/article/382000/Rosenberg-Gold-Going-to-2600-Thanks-to-China?tickers=GLD,GDX,%5EHUI,ABX,NEM,GOLD,FCX&sec=topStories&pos=8&asset=&ccode=


John Paulson's Gold Fund: Betting Against the US Dollar
http://www.marketfolly.com/2009/11/john-paulsons-gold-fund-betting-against.html

Banks
Commercial Mortgage Defaults at U.S. Banks Reach 3.4%
http://www.bloomberg.com/apps/news?pid=20601206&sid=aaeiIiFNgSj0


Small Business
How to Connect
http://www.openforum.com/idea-hub/topics/marketing/article/how-to-connect-john-jantsch

http://www.openforum.com/idea-hub/topics/the-world/article/the-art-of-the-list-guy-kawasaki

Sentiment
Citi: The Market Is Back In Panic Mode
http://www.businessinsider.com/citi-the-market-is-back-in-panic-mode-2009-12

Noteworthy Financial Stories for November 30

CRE
Moody's: Value of commercial property falls to 2002 levels
http://online.wsj.com/article/SB10001424052748703819904574555774156930150.html

Commercial Property Remains Under Distress
http://online.wsj.com/article/SB10001424052748703819904574553744276248928.html?mod=dist_smartbrief

CPPI Hits 7-Year Low
http://www.reit.com/tabid/477/News/default.aspx?type=E&ID=71

Commercial Real Estate: The Next Bubble?
http://www.smartmoney.com/Investing/Stocks/Commercial-Real-Estate-The-Next-Bubble/

General
Fed Officials Watch Asset Prices for Signs of ‘Excessive Risk’
http://www.bloomberg.com/apps/news?pid=20601208&sid=atWoGngEpam4

An Empire at Risk
http://www.newsweek.com/id/224694/output/print

How To Play Dubai? Short DBV
http://www.indexuniverse.com/sections/features/6920-short-dbv.html?Itemid=5

Debtwatch No 41, December 2009:
http://www.debtdeflation.com/blogs/2009/12/01/debtwatch-no-41-december-2009-4-years-of-calling-the-gfc/

Banking
2.8% drop in lending is largest since 1984
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/24/AR2009112401604.html?nav=rss_business

Insurers' next headache? Commercial-mortgage defaults, says Fitch
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091124/FREE/911249988

Banks Should Beef Up Now Ahead of Deals Later
http://online.wsj.com/article/SB10001424052748704888404574547360984692636.html

Growth of Problem Banks (unofficial)
http://www.calculatedriskblog.com/2009/11/growth-of-problem-banks-unofficial.html

What does bank solvency mean?
http://blog.rivast.com/?p=2940

FDIC Fund in the Negative
http://finance.yahoo.com/news/FDIC-Fund-in-the-zacks-3331474430.html?x=0&.v=1

Bonds
In-Geithner-We-Trust Bond Market Gets Lowest Yield
http://www.bloomberg.com/apps/news?pid=20601087&sid=afsQk.qqG7Ag&pos=5

Stock market
Hedge Funds Buying as Individuals Sell in Bull Signal
http://www.bloomberg.com/apps/news?pid=20603037&sid=a4AM10uq1vAM

Sentiment Overview: Week Of November 27th, 2009
http://www.tradersnarrative.com/sentiment-overview-week-of-november-27th-2009-3280.html

State Street Sentiment
http://online.barrons.com/article/SB125935218906166855.html

Noteworthy Financial Stories for November 20

To Trade, Play Poker
http://www.bloomberg.com/apps/news?pid=20601084&sid=alximP6.Eta8

Fed Makes Monitoring Bank Capital Foremost Concern
http://www.bloomberg.com/apps/news?pid=20601087&sid=aT1UiSxFDPeA&pos=1

Zhou Says China ‘Passive’ as Dollar Drop Pulls Yuan
http://www.bloomberg.com/apps/news?pid=20601068&sid=anQGdFIjfwPU

T-Bill Terror
http://ftalphaville.ft.com/blog/2009/11/20/84516/t-bill-terror/

No One Likes Japan
http://ftalphaville.ft.com/blog/2009/11/20/84501/japan-equities-the-midget-is-limbo-dancing/

Another View: Unintended Consequences on Wall St.
http://dealbook.blogs.nytimes.com/2009/11/19/another-view-unintended-consequences-on-wall-st/?ref=business

Ben Stein: 4 lessons from the recession
http://money.cnn.com/2009/11/18/news/economy/recession_lessons.fortune/index.htm

Société Générale tells clients how to prepare for potential 'global collapse'
http://www.telegraph.co.uk/finance/economics/6599281/Societe-Generale-tells-clients-how-to-prepare-for-global-collapse.html

We Need a Second Stimulus Immediately, Says James Galbraith
http://finance.yahoo.com/tech-ticker/article/376164/We-Need-a-Second-Stimulus-Immediately%2C-Says-James-Galbraith

Whoops: Stocks Now 20%+ Overvalued
http://www.businessinsider.com/stocks-overvalued-2009-11

More Carry Trade
http://pragcap.com/would-you-like-a-carry-trade-with-that

A Few House Price Forecasts
http://www.calculatedriskblog.com/2009/11/few-house-price-forecasts.html

RAIL DATA REMAINS SLUGGISH DESPITE NEAR-TERM IMPROVEMENT
http://pragcap.com/rail-data-remains-sluggish-despite-year-over-year-improvement

Bill Gross Monthly Outlook
http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2009/Dec+Gross+Anything+but+01.htm

Krugman on the invisible bond vigilantes
http://blogs.reuters.com/rolfe-winkler/2009/11/20/krugman-on-the-invisible-bond-vigilantes/

Commercial Concerns Mount (video)
http://www.cnbc.com/id/15840232?video=1336476330&play=1

Noteworthy Financial Stories for November 19

Geithner Says U.S. Economy to Grow in 4th Quarter and Into 2010
http://www.bloomberg.com/apps/news?pid=20601087&sid=aI9L227R2Z7Q&pos=2

Meredith Whitney Says Bank Stocks Are ‘Grossly’ Overvalued
http://www.bloomberg.com/apps/news?pid=20601087&sid=acyezZUH_MYo&pos=5

Leading Economic Indicators in U.S. Increased 0.3%
http://www.bloomberg.com/apps/news?pid=20601068&sid=aOnjh.dlF0gk

Gold Mania
http://ftalphaville.ft.com/blog/2009/11/19/84216/a-minskian-roadmap-to-the-next-gold-mania/

Goldilocks Recovery?
http://ftalphaville.ft.com/blog/2009/11/19/84221/goldilocks-still-popular-among-fund-managers-bofaml-says/

Gold Supply/Demand Statistics
http://www.research.gold.org/supply_demand/

John Paulsen Starts Gold Fund
http://ftalphaville.ft.com/blog/2009/11/19/84181/paulson-to-launch-gold-fund/

Hedge fund strategies ride out stock market fall
http://www.hedgefundsreview.com/hedge-funds-review/news/1562480/hedge-fund-strategies-ride-stock-market-fall

Private equity firms mull future as asset managers
http://www.reuters.com/article/rbssInvestmentTrusts/idUSLI13095720091118

Senator Dodd Says Overhaul Needed to Prevent ‘Staggering Greed’
http://www.bloomberg.com/apps/news?pid=20601087&sid=akyBzNfxOzgc&pos=8

Bailout program could be extended
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/18/AR2009111803986.html

Banks face major commercial real estate storm
http://www.reuters.com/article/GlobalFinance09/idUSTRE5AH5FM20091118

CRE: A sector too tough to save
http://online.wsj.com/article/SB10001424052748704533904574543984032502904.html?mod=dist_smartbrief

Pathology of a Financial Crisis
http://dealbook.blogs.nytimes.com/2009/11/19/pathology-of-a-financial-crisis/

How US investors can play the carry trade
http://blogs.reuters.com/felix-salmon/2009/11/18/how-us-investors-can-play-the-carry-trade/

Great News: If You Didn't Panic, Your 401(K) Is Now Above Water
http://www.businessinsider.com/fidelity-staying-the-course-worked-for-millions-2009-11

Freefall In Small Business Loans
http://globaleconomicanalysis.blogspot.com/2009/11/freefall-in-small-business-loans.html

Winners and Losers of Longer Life Span
http://humblestudentofthemarkets.blogspot.com/2009/11/price-of-cheating-death.html

Return Free Risk MErger Arb
http://fridayinvegas.blogspot.com/2009/11/return-free-risk-merger-arb-anecdote.html

Everything you ever wanted to know about delta-hedging & options vs cash equities strategies:
http://www.thisisthegreenroom.com/2009/stock-is-more-efficient-than-options-are-more-efficient-than-stock/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ThisIsTheGreenRoom+%28This+is+the+Green+Room%29

Jobless Benefits Will Expire Unless Congress Acts
http://www.nytimes.com/2009/11/19/us/19unemploy.html?_r=1

Noteworthy Financial Stories for November 18

Mobius Sees 40% BRIC Stocks Gain, Buy on ‘Violent Correction’
http://www.bloomberg.com/apps/news?pid=20603037&sid=aPqkOekSP21c

Paulson Bets Bank of America Will Almost Double by End of 2011
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeQdno1OSTgA&pos=2

Housing Starts in the U.S. Unexpectedly Plunged in October
http://www.bloomberg.com/apps/news?pid=20601087&sid=akFBKuUGSnwk&pos=1

Low U.S. Stock Trading Volume Heralds More Gains, Analysts Say http://www.bloomberg.com/apps/news?pid=20601103&sid=a_K53e3EhY0g

The madness of the inflation hawks
http://krugman.blogs.nytimes.com/2009/11/16/the-madness-of-the-inflation-hawks/

More Love For Gold
http://www.breakingviews.com/2009/11/16/gold.aspx?sg=nytimes

A View Of Oil
http://ftalphaville.ft.com/blog/2009/11/18/84011/is-oil-about-to-have-a-physical-reality-check/

Goldman, Buffett Said to Plan Small-Business Help
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZlvBl7eTiiA&pos=1

Private-Equity Funding Plunges 62% at Calpers Amid Fee Review
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1Zm6rd4t2pc

ABC's Of Investing
http://finance.yahoo.com/tech-ticker/article/373611/ABC-Investing%3A-%22Anything-But-Cash%22-Keeps-Driving-Stocks-Higher

Carry Trade Has Created Asset Bubbles
http://www.minyanville.com/articles/suttmeier-carry-trade-economy-asset-bubbles-dollar-minyanville/index/a/25506/from/yahoo

The Dollar Is Burying Non-US Investors
http://www.minyanville.com/articles/us-dollar-foriegn-investors-negative-returns-euro-minyanville/index/a/25505/from/yahoo

CMBS Delinquencies Continue to Soar: Agency Reports
http://www.dsnews.com/articles/cmbs-delinquencies-continue-to-soar-agency-reports-2009-11-17

Commercial property optimism said to be boosting banks
http://www.cnbc.com/id/15840232?video=1334284149&play=1

'Buy the dips': The Wall St. cliche that has worked like a charm
http://latimesblogs.latimes.com/money_co/2009/11/stock-market-correction-buy-the-dips.html

Kass: The Quant Bubble
http://www.thestreet.com/story/10627813/1/kass-the-quant-bubble.html

Hedge-Fund Assets Increased $7.8 Billion in October
http://www.bloomberg.com/apps/news?pid=20601085&sid=aKPFjHjA8yu4

U.S. House plans jobs bill before year end
http://www.reuters.com/article/companyNewsAndPR/idUSN175421020091117

Noteworthy Financial Stories for November 17

Bernanke Signals ‘Extended’ Low-Rate Period May Become Longer
http://www.bloomberg.com/apps/news?pid=20601068&sid=a3BlApikRmTY

Meredith Whitney: Turns Bearish
http://www.cnbc.com/id/33974782

Can't Have Low Rates for Too Long: Fed's Yellen
http://www.cnbc.com/id/33986626

Gold Momentum's Picking Up Dramatically
http://www.theaureport.com/pub/na/3280

Abandon your dreams of a V-shaped recovery.
http://www.forbes.com/forbes/2009/1130/finance-recession-consumer-economy-financial-strategy.html

China Lambastes Dollar “Carry Trade,” Diverting Attention from Its Currency Manipulation
http://www.rgemonitor.com/us-monitor/257985/china_lambastes_dollar_carry_trade_diverting_attention_from_its_currency_manipulation

Is the market topping out? Technical and fundamental headwinds say yes
http://www.dailyfinance.com/2009/11/16/is-the-market-topping-out-some-technical-and-fundamental-headwi/


Fund of Funds Survey
http://hedgefund.net/publicnews/default.aspx?story=10618

IPOs Are Back. Should You Be Buying?
http://www.smartmoney.com/investing/stocks/ipos-are-back-now-what/

Gold at $5000?
http://www.telegraph.co.uk/finance/breakingviewscom/6587195/Gold-at-5000-an-ounce-Dont-disgard-it.html

Give Small Fund Shops a Chance
http://news.morningstar.com/articlenet/article.aspx?id=316311

Michael Panzner: Commercial Real Estate Is A "Tsunami Unfolding"
http://www.businessinsider.com/michael-panzner-commercial-real-estate-2009-11

Soros and Buffett Loving Wal-Mart
http://blogs.wsj.com/marketbeat/2009/11/17/buffett-soros-both-bought-wal-mart-in-the-second-quarter/

Can Another Meltdown Occur Amid the Flood of these Headlines?
http://www.marketwatch.com/story/the-next-meltdown-is-coming-in-2012-2009-11-17?pagenumber=1

To Rise, Inflation Faces an Uphill Climb
http://online.wsj.com/article/SB20001424052748704538404574540072321112120.html

Silverdome Sells for $583,000, Cost $55.7 Mln: DetNews.com Link
http://www.detnews.com/article/20091117/METRO/911170327/1411/METRO02/Silverdome-sale-price-disappoints

Noteworthy Financial Stories for November 16

Bernanke Says ‘Headwinds’ to Restrain Pace of Growth
http://www.bloomberg.com/apps/news?pid=20601087&sid=a.OWK7_xK90c&pos=2

Commercial real estate woes imperil US recovery
http://www.google.com/hostednews/afp/article/ALeqM5jEpoGr1RgJv_q_ixA3p5AlQvdhdA

Analysts: Regulators tolerating bad commercial loans
http://www.portfolio.com/industry-news/banking-finance/2009/11/16/regulators-complicit-in-slow-recovery/

Zell says commercial real estate has further to fall
http://online.barrons.com/article/SB125816502506348039.html

Slow Into Real Estate
http://www.forbes.com/2009/11/14/slatin-vornado-avalonbay-intelligent-investing-reit.html

Bernanke: Fed will keep eye on sliding dollar
http://www.businessweek.com/ap/financialnews/D9C0PAL00.htm

Highest P/Es Spur Bets on Canada-France-Spain Bargain (Update2)
http://www.bloomberg.com/apps/news?pid=20603037&sid=a1NqH6Ydlnxw

US Consumer Spending is Overblown Factor to Economy
http://ftalphaville.ft.com/blog/2009/11/16/83426/us-consumption-engine-of-growth-for-asia-merrill-says/

Small Banks More Vulnerable to CRE Downturn
http://ftalphaville.ft.com/blog/2009/11/16/83346/the-not-so-small-small-bank-cre-problem/

Paul Krugman's Take on US Dollar and China
http://www.nytimes.com/2009/11/16/opinion/16krugman.html?_r=2

Noriel Roubini Painting a Gloomier Job Market
http://www.creditwritedowns.com/2009/11/roubini-for-unemployment-the-worst-is-yet-to-come.html

Best Sectors For The Current Economic Cycle
http://www.marketwatch.com/story/five-market-sectors-for-the-next-six-months-2009-11-13

Bankruptcy Rise Slows With Thaw In Lending
http://online.wsj.com/article/SB125833287457849697.html?mod=googlenews_wsj

If history is any judge, the best of this bull market is likely behind us.
http://online.barrons.com/article/SB125838295464250481.html

Noteworthy Financial Stories for November 13

TIPS versus Married Put Options On S&P 500 Index Fund
http://blogs.reuters.com/felix-salmon/2009/11/13/two-safe-havens/

Companies are taking Advantage of Low Rates, even though they don't need the money
http://online.wsj.com/article/SB10001424052748703683804574533412571861256.html

Why Value Investing Works
http://greenbackd.com/2009/11/13/counterintuition/

Are ADP Shares the Bellwether for the Economy
http://blogs.wsj.com/economics/2009/11/12/another-adp-indicator-for-jobs-its-share-price/

Is Another Stimulus Package Coming?
http://www.calculatedriskblog.com/2009/11/next-stimulus-package.html

Bill Gross Says Value Diminishing in Credit Markets
http://www.bloomberg.com/apps/news?pid=20601087&sid=aUoosqZFkKlA&pos=3

Risks of Bubbles Surfacing in China
http://www.bloomberg.com/apps/news?pid=20601109&sid=awHX2QPENKgQ&pos=10

Royal Bank of Scotland's Concerns
http://articles.moneycentral.msn.com/Investing/SuperModels/markman-new-crisis-ahead-5-things-to-watch.aspx


The Next Shoe to Drop: Get Ready for the Next Million Layoffs
http://seekingalpha.com/article/173007-options-trader-thursday-outlook-get-ready-for-the-next-million-layoffs?source=hp_wc

Fed May Cause Next Crisis - Hong Kong's Tsang
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aU3AiTc_Q_vk

Wells Fargo: Did The Nation Overdose on Debt?
http://pragcap.com/must-read-did-the-nation-overdose-on-debt

Dave Rosenberg's Latest Commentary
http://blogs.reuters.com/rolfe-winkler/files/2009/11/rosie-11-13-09-2.pdf

Noteworthy Financial Stories for November 12

Debunking The Size of The Carry Trade
http://ftalphaville.ft.com/blog/2009/11/12/82971/debunking-the-size-of-the-carry-trade/

Harbinger to come for US Hedge Funds - Relocate When Legislation Comes Down from Washington?
http://ftalphaville.ft.com/blog/2009/11/12/82896/london-hedge-fund-exodus-finally-here/

Global Trade Continues to Struggle From This Bellwether
http://ftalphaville.ft.com/blog/2009/11/12/82891/an-ap-moller-maersk-ouch-for-global-trade/

Toxic loans for sale!
http://money.cnn.com/2009/11/11/news/companies/banks_loans/

Retail properties get a boost from institutional investors
http://www.costar.com/News/Article.aspx?id=46EA9DD56BD09A5C7DDBC87FC3CF3C6E

The REIT Gamble Paid Off - The worst could be over for real estate trusts. http://www.forbes.com/2009/11/11/real-estate-investment-markets-equities-earnings.html?partner=yahootix

Raw Land Took Biggest Hit Commercial Real Estate Downturn
http://www.cnbc.com/id/33857522

Retail Vacancies on Rise
http://online.wsj.com/article/SB125789475938042387.html?mod=dist_smartbrief

U.S. Foreclosure Filings Surpass 300,000 for 8th Straight Month
http://www.bloomberg.com/apps/news?pid=20603037&sid=aaXO2EVjAjb4

Gold Price Won’t Drop Below $1,000 an Ounce Again, Faber Says
http://www.bloomberg.com/apps/news?pid=20603037&sid=az6qQ8ZuXg9M

Chinese yuan appreciation pressure mounts
http://ftalphaville.ft.com/blog/2009/11/11/82741/chinese-yuan-appreciation-pressure-mounts/

Credit thawing, but U.S. firms balk at borrowing
http://www.reuters.com/article/smallBusinessNews/idUSTRE5AA3U020091111

JPMorgan to add $4 billion in small business loans
http://www.reuters.com/article/smallBusinessNews/idUSTRE5A92DT20091110

Cincinnati #138 on Best Performing Cities for Job Growth
http://bestcities.milkeninstitute.org/bestcities2009.taf?rankyear=2009&type=rank200

The Ugly Commercial Real Estate Picture
http://business.theatlantic.com/2009/11/the_ugly_commercial_real_estate_picture.php

Psychology of Trading - Anchoring
http://www.psyfitec.com/2009/11/anchoring.html

A Bank Failure In 90210 Style
http://www.snl.com/InteractiveX/article.aspx?CDID=A-10329767-11312&KPLT=2

Investing By the seat Of Your Pants
http://www.abnormalreturns.com/2009/11/investing-by-the-seat-of-their-pants/

Noteworthy Financial Stories for November 10

Tighter Bank Lending Standards Reinforce Fed Decision on Rates
http://www.bloomberg.com/apps/news?pid=20601206&sid=awd3PMfIuL0o

Survey: 2010 Will Be Buyers' Market for Commercial Real Estate
http://www.dsnews.com/articles/survey-2010-will-be-buyers-market-for-commercial-real-estate-2009-11-09

Albert Edwards of Societe Generale Remains Firmly in Bear Camp, Calls for New Lows in 2010
http://www.fundmymutualfund.com/2009/11/albert-edwards-of-societe-generale.html

Commercial Real Estate at Bottom?
http://real-estate-and-urban.blogspot.com/2009/11/does-mit-transactions-based-commercial.html

Buiter Says Don’t Buy Treasuries as Fed May Raise Interest Rate
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRNAMnQoa4qc&pos=6

10% Unemployment = Bull Market
http://ftalphaville.ft.com/blog/2009/11/10/82281/i-1982-is-10-us-unemployment-good-for-the-stock-market/

Banks don't just have an asset problem - Moody's
http://ftalphaville.ft.com/blog/2009/11/10/82446/banks-dont-just-have-an-asset-problem-says-moodys/

Goldman loves Commodities
http://ftalphaville.ft.com/blog/2009/11/10/82451/goldman-still-bullish-on-commodities-oil-corn-copper-set-to-rise/

Concerns over Private Equity Collapsing
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6909961.ece

Chinese Grabbing Up Gold
http://ftalphaville.ft.com/blog/2009/11/10/82476/that-chinese-gold-buying-effect/

A Chart of Roubini’s Horrible Trackrecord in 2009
http://wallstcheatsheet.com/breaking-news/economy/a-chart-of-roubinis-horrible-trackrecord-in-2009/?p=3513/

Threat from large budget deficits looms
http://www.ft.com/cms/s/0/98e7c192-cd5f-11de-8162-00144feabdc0.html

Not all bubbles present a risk to the economy
http://www.ft.com/cms/s/0/98e7c192-cd5f-11de-8162-00144feabdc0.html

JPMorgan to add $4 billion in small business loans
http://www.reuters.com/article/smallBusinessNews/idUSTRE5A92DT20091110

Due Diligence
http://www.hedgetracker.com/article/Did-the-Stock-Market-Collapse-Help-Some-Hedge-Funds-Mask-More-Serious-Problems

Due Diligence II
http://www.hedgefundsreview.com/hedge-funds-review/news/1561574/crisis-leads-hedge-fund-changes

Tighter Bank Lending Standards Reinforce Fed Decision on Rates
http://www.bloomberg.com/apps/news?pid=20601206&sid=awd3PMfIuL0o

Survey: 2010 Will Be Buyers' Market for Commercial Real Estate
http://www.dsnews.com/articles/survey-2010-will-be-buyers-market-for-commercial-real-estate-2009-11-09

Noteworthy Financial Stories for November 9

Inside the Global Gold Frenzy
http://www.nytimes.com/2009/11/08/business/global/08gold.html?_r=2&emc=tnt&tntemail1=y

Doing Due Diligence on Galleon
http://blogs.reuters.com/felix-salmon/2009/11/07/doing-due-diligence-on-galleon/

Too Big Too Fail Amendment
http://blogs.reuters.com/rolfe-winkler/2009/11/09/sanders-tbtf-amendment/

Goldman: Commodities Will Soar On Chinese Construction Acceleration
http://www.businessinsider.com/goldman-based-on-channel-checks-chinese-construction-is-accelerating-2009-11

U.S. Stocks, Commodities Jump as Dollar Slides on G-20 Stimulus
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayMaUwp6teXI&pos=1

Stock Rally Just Getting Started Before Rates Rise
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9.ZzZW5rvEk&pos=3

Death To Value Line
http://www.bloomberg.com/apps/news?pid=20601109&sid=aPpxj3FdB0uM&pos=14

IMF Signals Low U.S. Rates Funding ‘Carry Trade’
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5ritflpCi34&pos=6

Cousins sees more pain ahead in real estate
http://www.ajc.com/business/cousins-sees-more-pain-187956.html

Blowing emerging bubbles
http://ftalphaville.ft.com/blog/2009/11/09/82266/blowing-emerging-bubbles/

Is Our Whole Banking System Catastrophically Insolvent?
http://truthingold.blogspot.com/2009/11/good-friend-on-mine-works-for-real.html

David Einhorn vs the bloggers on credit default swaps
http://ftalphaville.ft.com/blog/2009/11/09/82231/david-einhorn-vs-the-bloggers-on-credit-default-swaps/

Exclusive Interview: Quant Trader Fari Hamzei Offers His Advice for Investing
http://wallstcheatsheet.com/knowledge/interview-knowledge/exclusive-interview-quant-trader-fari-hamzei-offers-his-advice-for-investing/?p=3411/

Mark Hulbert Remains Bullish
http://www.marketwatch.com/story/contrarian-analysis-remains-bullish-on-stocks-2009-11-06?siteid=

Sentiment Summary Via Traders Narrative
http://www.tradersnarrative.com/sentiment-overview-week-of-november-6th-2009-3178.html

Noteworthy Financial Stories for November 6

Jobless Rates Around The World
http://www.cnbc.com/id/26658167

Why US Officials Aren't Worried About Dollar's Fall—Yet
http://www.cnbc.com/id/33621641

Darling Seeks G-20 Plan to Deal With Asset Bubbles
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7vKb1ENRhM0&pos=4

Moody’s Sees Debt Sales at Crisis Levels for Decade
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM8xbF_lGOvM&pos=6

Global Stocks May Fall as U.S. Yields Rise: Technical Analysis
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM8qSYZVTZ6o&pos=7

Dollar Rise "Alert"
http://ftalphaville.ft.com/blog/2009/11/06/81936/dollar-rise-alert/

UBS Bubble-Talk Bashers
http://ftalphaville.ft.com/blog/2009/11/06/81971/ubs-the-bubble-talk-bashers/

Why Asia may shake off an S&P Correction
http://ftalphaville.ft.com/blog/2009/11/06/81951/why-asia-may-shake-off-an-sp-correction/

Bank Failure Chart
http://blog.rivast.com/wp-content/uploads/10-30-09-Bank-Failures.gif

Japan’s Demographic Time Bomb Is Imploding
http://www.thesunshinereport.net/marksunshine/?p=572

A global problem with no solution
http://blogs.reuters.com/felix-salmon/2009/11/06/a-global-problem-with-no-solution/

Another Look At Gold
http://blogs.reuters.com/rolfe-winkler/2009/11/06/gold-hits-1100/

U.S. Commercial Property Loans Fall 54%, Bankers Say
http://www.bloomberg.com/apps/news?pid=20601206&sid=aXiOCML2ZIvM

The Commercial Loan Nightmare Facing U.S. Banks
http://www.businessweek.com/investing/wall_street_news_blog/archives/2009/11/commercial_loan.html

Investment managers say they expect positive CRE returns
http://www.reit.com/tabid/477/News/default.aspx?type=E&ID=61

Commercial real estate pros say no recovery until 2011
http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/11/02/daily158.html?ed=2009-11-05&ana=e_du_pub

Best Financial Stories Nov 5

Commercial real estate pros say no recovery until 2011
http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/11/02/daily158.html?ed=2009-11-05&ana=e_du_pub

The story so far, in one picture
http://krugman.blogs.nytimes.com/2009/11/03/the-story-so-far-in-one-picture/

Rodgin Cohen on Decade's end
http://www.thedeal.com/blogs/video/decade-of-the-deal/rodgin-cohen-on-decades-end.php

Bubblenomics is back with a vengeance
http://www.cityam.com/news-and-analysis/Allister-Heath/7kvuwqy96k.html
The Great Contraction of 2008-2009
http://www.project-syndicate.org/commentary/rogoff62/English

Dan Ferris: Coming mortgage storm could be disastrous
http://www.thedailycrux.com/content/3292/Mortgages

Treasury Curve Steepens to Most Since September Before Auctions
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM.hJKj7w_IY&pos=2

Did We Learn Anything? Carry Trade Edition
http://econompicdata.blogspot.com/2009/11/did-we-learn-anything-carry-trade.html

The roots of the coming crash
http://blogs.reuters.com/felix-salmon/2009/11/04/the-roots-of-the-coming-crash/

10 Year Nominal-Real Treasury Spread Now at 2%
http://mjperry.blogspot.com/2009/11/10-year-nominal-real-treasury-spread.html

Fifty Years of Economic History in one Figure
http://www.marginalrevolution.com/marginalrevolution/2009/11/fifty-years-of-economic-history-in-one-figure.html

Punditry, predictions and profits
http://www.abnormalreturns.com/2009/11/punditry-predictions-and-profits/

Financial Stories for November 4

Crisis Compels Economists To Reach for New Paradigm
http://online.wsj.com/article/SB125720159912223873.html?mod=rss_Today's_Most_Popular

Trading - Learning from Losses
http://www.abnormalreturns.com/2009/11/learning-the-lessons-from-losses/

Rogers Says Roubini Is Wrong on Bubbles as Gold, Stocks Rally
http://www.bloomberg.com/apps/news?pid=20601087&sid=a8fc.G.WUIP8&pos=5

Emerging-Market Rally to Extend to 2010, Praveen Says
http://www.bloomberg.com/apps/news?pid=20603037&sid=at4Zs7mrLfBM

ADP Says U.S. Companies Cut Estimated 203,000 Jobs
http://www.bloomberg.com/apps/news?pid=20601068&sid=aD9IfeC62fzo

Asset Bubble Warnings From IMF
http://ftalphaville.ft.com/blog/2009/11/04/81351/asset-bubble-warnings-international-monetary-institution-edition/

The Mystery of the Rising Stock Market
http://www.slate.com/id/2234464/

Bad News Bears: The Guys Who Bet Against the Bubble and Won
http://nymag.com/daily/intel/2009/11/bad_news_bears_2.html

Handling real estate loans will be a tough act
http://www.dallasnews.com/sharedcontent/dws/bus/columnists/chall/stories/DN-Hall_04bus.ART0.State.Edition1.3c95783.html

November 3rd's Best Financial Stories

Bullish data, recoveries, crashes and the psychology of forecasting redux
http://www.nakedcapitalism.com/2009/11/bullish-data-recoveries-crashes-and-the-psychology-of-forecasting-redux.html


What Backs The Buck
http://www.ritholtz.com/blog/2009/11/what-backs-the-buck/

Cushions are thicker but don’t get comfy
http://blogs.reuters.com/rolfe-winkler/2009/10/30/cushions-are-thicker-but-dont-get-comfy/

David Dreman - Contrarian Take
http://www.forbes.com/forbes/2009/1116/finance-recession-great-depression-dow-the-contrarian.html

Business Bankruptcy Filings Increased 7% in October
http://online.wsj.com/article/SB10001424052748703932904574511733633191024.html

Grim reality still grips U.S. commercial real estate
http://www.reuters.com/article/domesticNews/idUSTRE5A15L020091102

Small Business Lending
http://www.thestreet.com/story/10620636/1/banks-next-profit-center-small-biz-lending.html

Money Managers are Still Bullish
http://www.smartmoney.com/investing/stocks/money-managers-are-still-bullish/

Lessons from Jesse Livermore
http://www.minyanville.com/articles/etf-google-goldman-sachs-GE-traders-investors-Livermore-trading-emotions-losses/index/a/25187

Best Financial Stories for Monday, November 2

Pandit ‘Near Death’ Cash Hoard Signals Lower U.S. Bank Profits
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQokWJUKo2d0&pos=4

Stock Analysts Right on Profits as Investors Disagree
http://www.bloomberg.com/apps/news?pid=20601087&sid=aq_qDXW0ZiuE&pos=7

Ticking Time Bomb on Carry Trade
http://ftalphaville.ft.com/blog/2009/11/02/80836/a-ticking-time-bomb-or-the-mother-of-all-carry-trades/

Commercial Real Estate - Work it Out
http://ftalphaville.ft.com/blog/2009/11/02/80806/commercial-real-estate-work-it-out/

More CRE
http://www.businessinsider.com/henry-blodget-new-rules-encourage-banks-to-lie-about-value-of-commercial-real-estate-assets-2009-11

Mother of all carry trades faces an inevitable bust
http://www.ft.com/cms/s/0/9a5b3216-c70b-11de-bb6f-00144feab49a.html

UBS Global Equity Risk Strategy Indicator
http://online.barrons.com/article/SB125694285397619649.html

Investment Sentiment
http://www.tradersnarrative.com/sentiment-overview-week-of-october-30th-2009-3155.html

Investment Sentiment Part II
http://thetechnicaltakedotcom.blogspot.com/2009/10/investor-sentiment-option-3.html

Investment Sentiment Part III
http://online.barrons.com/public/page/9_0210-investorsentimentreadings.html?mod=bol_topnav_9_3000

Trader: Explaining Volatility
http://oldprof.typepad.com/a_dash_of_insight/2009/10/understanding-market-volatility.html

Hyperinflation - Overblown Concerns
http://business.theatlantic.com/2009/10/seriously_stop_worrying_about_hyperinflation.php

Financial Articles For October 30

Predictions of Commercial Real Estate Crash – Carl Icahn and Wilbur Ross
http://ftalphaville.ft.com/blog/2009/10/30/80616/ross-icahn-expect-a-commercial-real-estate-crash/

A Skeptical Look At Q3 GDP
http://dailycapitalist.com/2009/10/30/q3-gdp-proceed-at-risk/

David Rosenberg: The Grinch Who Stole Christmas
http://www.creditwritedowns.com/2009/10/rosenberg-the-grinch-who-stole-christmas.html

Concerns Over Declines in US Dollar Impacting Europe and China
http://economistsview.typepad.com/economistsview/2009/10/fed-watch-sustainable-growth.html

Summary of Moody’s Economy.com’s Mark Zandi To The Joint Economic Committee
http://www.calculatedriskblog.com/2009/10/mark-zandi-on-great-recession.html

Dollar Needs 19 Friends
http://www.realclearmarkets.com/blog/Omnivest%2010%2027%2009.pdf

5 Nightmare Scenarios For Economy
http://moneywatch.bnet.com/economic-news/article/5-economic-scenarios-to-keep-you-up-at-night/358044/

After Weeks of Not Buying Into Rally, Equity Funds Sees Inflows Just In Time For Weak Markets
http://latimesblogs.latimes.com/money_co/2009/10/stock-rebound-mutual-fund-cash-flows.html

Financial Market Stories For 10-29-09

Economists Comment on Today's GDP Figures
http://www.businessweek.com/bwdaily/dnflash/content/oct2009/db20091029_526302

This is Not the Sustainable Bull Market of 1982
http://www.minyanville.com/articles/markets-indices-s%26p-msci-russell-BRIC-brazil-dividend-earnings-ratio-/index/a/25171/from/yahoo

Rydex Traders Are Very Bullish
http://thetechnicaltakedotcom.blogspot.com/2009/10/rydex-market-timers-all-in-again.html

Technical Arguments for Continued Weakness
http://www.tradersnarrative.com/technical-arguments-for-continued-weakness-3151.html

Goldman Sachs not Bullish With All The Sideline Cash
http://abcnews.go.com/Business/wireStory?id=8941153

Top 10 Paradoxes of Warren Buffett
http://news.bbc.co.uk/2/hi/business/companies/8322995.stm

A Look At the Divergence Between 10-year Yields and Commodity Prices
http://blogs.reuters.com/rolfe-winkler/2009/10/28/bond-bears-beware-of-crypto-qe/

Stocks that Benefit From A Declining Dollar
http://www.smartmoney.com/investing/stocks/3-stocks-that-benefit-from-cheap-dollars/

Doug Kass Growing Concerns With Market Rally
http://www.thestreet.com/story/10618076/1/kass-my-fast-money-recap.html

Paul Tudor Jones Loves Gold
http://ftalphaville.ft.com/blog/2009/10/29/80106/paul-tudor-jones-gold/

Investors Are Insecure
http://www.bloomberg.com/apps/news?pid=20601087&sid=avRKUFvn6bi0

Best Financial Stories for Wednesday, October 28

A Look at the Current Market to 1974 Market Recovery
http://ftalphaville.ft.com/blog/2009/10/28/80131/support-the-sp-500/

Bank Coverage Ratios
http://ftalphaville.ft.com/blog/2009/10/28/79986/regulators-looking-at-banks-coverage-ratios-barcap-says/

Perspective of CRE Conditions From Liberty Property Trust
http://ftalphaville.ft.com/blog/2009/10/28/79986/regulators-looking-at-banks-coverage-ratios-barcap-says/

An Amazing Chart of The History of The Federal Reserve
http://financialgraphart.com/history_of_fed_free.pdf?bcsi_scan_447638299E31E942=0&bcsi_scan_filename=history_of_fed_free.pdf

How To Look At Economic Indicators
http://www.marketwatch.com/story/7-hidden-economic-indicators-to-watch-2009-10-27

Shadow Foreclosure Inventory Rising
http://www.annaly.com/blog/?p=659

Five Steps To Consistent Trading Profits by Dr. Van Tharp
http://www.traderplanet.com/newsletter_articles/view/1211/distribution:8

Best Financial Stories of The Day

Jeremy Grantham Says Market Is Overly Valued
http://ftalphaville.ft.com/blog/2009/10/27/79781/the-last-hurrah-in-stocks/

Don't Look Now, But the Dollar May Cause Great Pains
http://www.hedgeaccording.ly/2009/10/dollar-squeeze-coming-uup-showing-signs.html

Commodities Are As Cheap As They Will Ever Be
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6432538/Food-will-never-be-so-cheap-again.html

http://www.ritholtz.com/blog/2009/10/andy-xie-the-big-burnout/

Hedge Fund Managers Still Not Buying Into 60% Rally
http://www.hedgefundsreview.com/hedge-funds-review/news/1559811/slightly-bearish-sentiment-street

Trends of Bank Chargeoffs Outpacing Great Depression
http://ftalphaville.ft.com/blog/2009/10/26/79561/great-depression-esque-bad-debt-at-us-banks/

Interesting Investment Ideas Via Cabot Newsletter
http://seekingalpha.com/article/157065-ten-big-ideas-ten-ways-to-profit?source=reuters

Iceberg(s) Straight Ahead for Market!
http://finance.yahoo.com/news/Whats-Next-Minor-Correction-etfguide-1855824735.html?x=0&.v=1

Technical Concerns With Market Rally
http://www.zerohedge.com/article/spy-hits-3-sigma-divergence-vwap

Stock Market Volatility 1930's Style

I have a new post can be found at http://www.bigtrends.com/document.jsp?documentid=117

New Sector Commentary Has Been Posted!

http://www.bigtrends.com/document.jsp?documentid=682

Cincinnati Business Courier Feature 3/27/09

Market Notes for Cincinnati Business Courier Interview

Notes on Recent Rally:

Prior to the rally last couple of weeks, sentiment was very bearish. Meaning, conditions for a short-term rally were forming.

For example(s), the following were signs of extreme bearish sentiment:

Citigroup Panic/Euphoria Index -0.53 – multi-month lows

Consensus 18% - lowest levels since 2001

AAII 18.9%

Market Vane – lowest levels since 2003

Even the headline “news” -

Jon Stewart taking Jim Cramer to task – is this really newsworthy in ordinary times?

Economic/Government bailout protest on Fountain Square – how often has this occurred in the past?

AIG bonus backlash – people touring the homes of AIG execs – startling!

Don’t mistake recent rally as a new bull market, as bear rallies markets common:

We have seen three 20%+ rallies (from low to high) in the S&P 500 Index

(1) 20% rally from low to high 666.79 to 803.24 in March

(2) 27% rally low to high November 2008 through early January 2009

(3) 24% rally October (2008) low to high

Past bear markets:

1929-1932 - seven rallies that averaged 24% over 40 calendar days

2000-2002 – six rallies averaging 15%, with 3 in 20% range

Looking Ahead to Next Few Weeks

April has been historically strong

-Since 1950 – 68% of April’s have been positive and returns falls 3^rd best (behind November/December)

-Since 2000 – best month with 1.46% average return

Intermediate Term (several months)

Valuations (price-earnings ratios) still “high” relative to past bear markets - 15.81 with a forward price-earnings ratio of 12.42. I would be encouraged with a p/e average 10 to 12 with the lower p/e’s coming from the denominator (earnings rebound). Additionally, S&P 500 yield is respectable at3.55%, but a move to 5% to 6% range this would make stocks extremely attractive investment relative to alternatives.

An interesting note by The Aden Forecast: “On average, banking crises tend to last about seven years, from beginning to end. Unemployment tends to remain a problem for about four years. Housing prices fall for around five years, averaging a 36% decline, while stock prices tend to drop 56% with the decline lasting about three years. Government debt also surges by nearly 90%.” As such, this market is likely to grind for several months as it transitions through this challenging period.

Recommendation

-Remain defensive

-High cash position

-Seek out dividend yielding stocks with a low payout ratio. Also, those stocks should have stable earnings expectations and a low p/e (for capital appreciation upside)

-Energy (SUN, SRE), Defense (RTN, LMT), Consumer Goods (CAG, CPB, PM)

-Guard against inflation - ETFs: GLD, TIP, LQD