Noteworthy Financial Stories for May 14

Retail Sales in U.S. Rose in April for Seventh Month
http://www.bloomberg.com/apps/news?pid=20601087&sid=aATZUpLwBrRM&pos=3

Euro Breakup Talk Increases as Germany Loses Its Currency Proxy
http://www.bloomberg.com/apps/news?pid=20601087&sid=agwHp5N5FXA8&pos=1

Regulation May Cost European Banks EU244 Billion, Analysts Say
http://www.bloomberg.com/apps/news?pid=20601087&sid=aR4BhYjTtxuY&pos=4

Volcker Sees Euro ‘Disintegration’ Risk From Greece
http://www.bloomberg.com/apps/news?pid=20601010&sid=aASZ4SCDL3uQ

Euro Breaks 14-Month Low as Debt-Cutting Steps May Hurt Growth
http://www.bloomberg.com/apps/news?pid=20601010&sid=alXU6RRZTnkY

China May Signal Yuan Move to Temper Global Criticism
http://www.bloomberg.com/apps/news?pid=20601068&sid=am4CcPBRc6Ag

Mobius Says China Bear Market Offers Opportunities
http://www.bloomberg.com/apps/news?pid=20603037&sid=aDf0LPzr_6iQ

BP Spill May Exceed Estimates, U.S. Congressman Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBNgvb9TEqE4&pos=9

Commercial real estate risks drive S&P mass downgrades
http://www.snl.com/InteractiveX/article.aspx?CDID=A-11189136-12592&KPLT=4

Hedge Funds outperformed by Major Equity Indices in April
http://www.hedgetracker.com/article/Hedge-Funds-outperformed-by-Major-Equity-Indices-in-April

Gold hits record high as investors flock to safety
http://www.reuters.com/article/idUSTRE6495XB20100514

The surprising cost of volatility
http://ftalphaville.ft.com/blog/2010/05/14/231131/the-surprising-cost-of-volatility/

US monetary base growth is really quite off the chart
http://ftalphaville.ft.com/blog/2010/05/14/231491/us-monetary-base-growth-is-really-quite-off-the-chart/

A short history of European liquidity
http://ftalphaville.ft.com/blog/2010/05/14/231226/a-short-history-of-european-liquidity/

CSI: Chicago
http://ftalphaville.ft.com/blog/2010/05/14/231601/csi-chicago/



Beware of the "Unintended Consequences" of Wall Street Reform, Todd Harrison Says
http://finance.yahoo.com/tech-ticker/article/485644/Beware-%22Unintended-Consequence%22-of-Wall-Street-Reform%2C-Todd-Harrison-Says

"The Eye of the Storm": Remain Calm ... but All Is Not Well, Todd Harrison Says
http://finance.yahoo.com/tech-ticker/article/485532/%22The-Eye-of-the-Storm%22%3A-Remain-Calm-...-but-All-Is-Not-Well%2C-Todd-Harrison-Says

Wall of worry
http://www.marketwatch.com/story/sentiment-picture-improves-further-2010-05-14?siteid=yhoof

What Causes Major Stock Market Declines?
http://finance.yahoo.com/news/What-Causes-Major-Stock-etfguide-1765437244.html?x=0&.v=1

Dow Tumbles as "Disintegration" Fears Haunt Europe
http://finance.yahoo.com/tech-ticker/article/486431/Dow-Tumbles-as-%22Disintegration%22-Fears-Haunt-Europe

The second debt storm
http://www.marketwatch.com/story/the-second-debt-storm-hits-nations-2010-05-14?siteid=rss&rss=1

Emerging market PEs back at pre-crisis levels
http://www.investmentpostcards.com/2010/05/14/emerging-market-pes-back-at-pre-crisis-levels/

Brett Steenbarger Traderfeed Archives
http://vixandmore.blogspot.com/2010/05/brett-steenbargers-traderfeed-archives.html

Breadth Horrid
http://www.fundmymutualfund.com/2010/05/breadth-horrid.html

Noteworthy Financial Stories for May 13

Another month, another leap in CMBS delinquencies (subscription required)
http://www.snl.com/InteractiveX/article.aspx?Id=11181914&KPLT=4

Are Pension Funds Warming Up to CRE Again? (subscription required)
http://www.costar.com/news/Article.aspx?id=F9036429036E8683E3328013040B377F

New Roundtable Survey Finds Improved Sentiment Among CRE Execs
http://www.costar.com/News/Article.aspx?id=729CB63AE399AFB8FCFD1BD551F81D99&ref=100&iid=181&cid=4551B02CF9EBB4A3FD8AA99C29554FD4

Mall, Shopping Center REITs See Brightening Retail Landscape
http://www.costar.com/News/Article.aspx?id=0867B57A16EEFFB2E7614F1A6FE0D131&ref=100&iid=181&cid=4551B02CF9EBB4A3FD8AA99C29554FD4

Pimco Says Europe Crisis Shows World Won’t Skirt ‘New Normal’
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0l9E39YYxfA&pos=3

China’s Bear Market Attracts Locals Seeking Safety
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeAmpmkASXfA&pos=5

Snow Says Euro Faces ‘Tough’ Survival Without Budget
http://www.bloomberg.com/apps/news?pid=20601109&sid=aaBB6Ps4jO5U&pos=13

Bailout Is ‘Nail in the Coffin’ for Euro, Rogers Says
http://www.bloomberg.com/apps/news?pid=20601010&sid=auuRue7wyMWM

Europe Austerity Push Deepens After Rescue Message
http://www.bloomberg.com/apps/news?pid=20601068&sid=aibXZbSaR2Nw

Roubini’s Warning Reminds Risks Still in Surplus
http://www.bloomberg.com/apps/news?pid=20601039&sid=a1XduhbKDLWY

Justice, SEC investigate Morgan Stanley's mortgage-related deals
http://www.washingtonpost.com/wp-dyn/content/article/2010/05/12/AR2010051201609.html

Have REITs Held Up?
http://www.forbes.com/2010/05/12/reit-sector-earnings-markets-equities-real-estate.html?partner=yahootix

Banks Embrace ‘Extend and Pretend’ as U.S. Hotels Await Rebound
http://www.businessweek.com/news/2010-05-13/banks-embrace-extend-and-pretend-as-u-s-hotels-await-rebound.html

Running of the Bulls...For the Hills
http://www.bespokeinvest.com/thinkbig/2010/5/12/running-of-the-bullsfor-the-hills.html

Pimco’s risk-filled global outlook
http://blogs.reuters.com/felix-salmon/2010/05/13/pimcos-risk-filled-global-outlook/
Using Behavioral Finance to Better Understand the Psychology of Investors
http://www.institutionalinvestor.com/asset_management/Articles/2485942/Using-Behavioral-Finance-to-Better-Understand-the-Psychology-of-Investors.html

Stock Market Rocket Reignites
http://www.tradersnarrative.com/stock-market-rocket-reignites-4075.html

Heavy Volume Continues To Suggest This Correction Is Important
http://www.ritholtz.com/blog/2010/05/heavy-volume-continues-to-suggest-this-correction-is-important/

Time Cover: New Sheriffs of Wall Street
http://www.ritholtz.com/blog/2010/05/time-cover-new-sheriffs-of-wall-street/

Household Debt Around the World
http://paul.kedrosky.com/archives/2010/05/household_debt.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InfectiousGreed+%28Paul+Kedrosky%27s+Infectious+Greed%29

Noteworthy Financial Stories for May 12

Bullish in 2009, He Went to 100% Cash Before the "Flash Crash": What Now, Barry Ritholtz?
http://finance.yahoo.com/tech-ticker/article/483638/Bullish-in-2009%2C-He-Went-to-100%25-Cash-Before-the-%22Flash-Crash%22%3A-What-Now%2C-Barry-Ritholtz%3F

Broyhill's Affinity Hedge Fund: Contrarian Bet on Long-Term Treasuries (Investor Letter)
http://www.marketfolly.com/2010/05/broyhills-affinity-hedge-fund.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarketFolly+%28Market+Folly%29#ixzz0nji2WMcF

Cashing In on a Real-Estate Boom
http://online.wsj.com/article/SB10001424052748703686304575228694020027492.html?mod=WSJ_Real+Estate_LeftTopNews

King Welcomes Cameron Deficit Plans, Warns on Growth
http://www.bloomberg.com/apps/news?pid=20601087&sid=auABQye2M32Q&pos=4

European Debt Woes Punish Corporate Borrowers: Credit Markets
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahcbGXJXM1qI&pos=5

Roubini Says Greece May Lead Euro Exodus, China Faces Slowdown
http://www.bloomberg.com/apps/news?pid=20601010&sid=aWx2RrHBu90A

Credit History for Insurance, Hiring Eyed By Congress
http://www.bloomberg.com/apps/news?pid=20603037&sid=agnr4tjfDxOY

Was the Equity Premium an Artifact of the Great Depression?
http://www.theatlantic.com/business/archive/2010/05/was-the-equity-premium-an-artifact-of-the-great-depression/56468/

Looking for Job Openings
http://economix.blogs.nytimes.com/2010/05/11/looking-for-job-openings/

PIMCO's McCulley Discusses The Ticking $3 Trillion Shadow Banking Time Bomb, Defends The Fed As Head Regulator
http://www.zerohedge.com/article/pimcos-mcculley-discusses-ticking-3-trillion-shadow-banking-time-bomb-defends-fed-head-regul

Time To Load Up On European Equities Puts
http://www.zerohedge.com/article/time-load-european-equities-puts

Gold Breaks Out (Again) - $1,250 Breach Imminent
http://www.zerohedge.com/article/gold-breaks-out-again-1250-breach-imminent

Reject the Consensus: ‘V’ Means Vulnerable
http://www.ritholtz.com/blog/2010/05/reject-the-consensus-v-means-vulnerable/

Is China’s Bubble Bursting?
http://www.washingtonsblog.com/2010/05/is-china-bubble-starting-to-burst.html
Sell in May and Go Away? Or Stay?
http://www.ritholtz.com/blog/2010/05/sell-in-may-and-go-away-or-stay/

A Few Technical Reasons To Bounce Higher
http://www.tradersnarrative.com/a-few-technical-reasons-to-bounce-higher-4067.html

Jeff Saut Says to Selectively Upgrade the Stocks in Your Portfolio
http://www.marketfolly.com/2010/05/jeff-saut-says-to-selectively-upgrade.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarketFolly+%28Market+Folly%29#ixzz0nkcPPE9e

Noteworthy Financial Stories for May 11

Bob "Horrendous Keynesian Monetarist Nightmare" Janjuah: "S&P Fair Value Is 850"
http://www.zerohedge.com/article/bob-horrendous-keynesian-monetarist-nightmarejanjuah-sp-fair-value-850

Biggs Says U.S. Stocks May Rise 20% as Crisis Eases
http://www.bloomberg.com/apps/news?pid=20603037&sid=a0X816QBBSzo

How Do You Read the VIX?
http://www.optionszone.com/market-commentary/market-analysis/2010/05/volatility-and-the-vix-how-to-use-the-vix.html

Now What?
http://dailyoptionsreport.com/blog/post/now-what5/

Struggling Commercial Real Estate Helplessly Waits Around For The Slaughter Of 2010
http://www.businessinsider.com/commercial-real-estate-still-falling-05-10-2010

Small Businesses Get a Little More Optimistic
http://www.theatlantic.com/business/archive/2010/05/small-businesses-get-a-little-more-optimistic/56531/

When Are Times Right For Momentum Investing?
http://online.barrons.com/article/SB127350695253989573.html

Buffett defends Goldman, joins greed Conspiracy
http://www.marketwatch.com/story/buffett-defends-goldman-joins-greed-conspiracy-2010-05-11?pagenumber=2

Roubini: More Financial Crises Coming
http://www.ritholtz.com/blog/2010/05/roubini-more-financial-crises-coming/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29

Finding Capitulation With The McClellan Oscillator
http://www.tradersnarrative.com/finding-capitulation-with-the-mcclellan-oscillator-4063.html

Looking At Capitulation Days From Both Sides
http://www.tradersnarrative.com/looking-at-capitulation-days-from-both-sides-4047.html

Moody's Again Craps All Over Bailout, Says Euro Package "Marginally Increases" Risk Among Governments
http://www.zerohedge.com/article/moodys-again-craps-all-over-bailout-says-euro-package-marginally-increases-rksk-among-govern

ECB ‘Shock Troops’ Go It Alone as Investors Question EU Plan
http://www.bloomberg.com/apps/news?pid=20601087&sid=aScO1ebGQIK4&pos=1


Bernanke Said to Tell Senators Euro Aid No Panacea
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSDBnJZOycuM&pos=3

Consumer Spending Needs to Rebound Before Hiring: Tom Keene
http://www.bloomberg.com/apps/news?pid=20601109&sid=aX8ssydsLZ8Q&pos=15

Bank Swaps, Libor Show Doubts on Europe Bailout: Credit Markets
http://www.bloomberg.com/apps/news?pid=20601010&sid=a.qZEloHDh7g

China’s April Inflation Accelerates, Lending Surges
http://www.bloomberg.com/apps/news?pid=20601010&sid=adEYnnWx5TT8

How P&G Quietly Launched a Disruptive Innovation
http://www.bloomberg.com/apps/harvardbusiness?sid=Hc6a4dfb5936841e2bb26544da457ea7d

Noteworthy Financial Stories for May 10

Legend Bill Miller shares his strategy
http://www.investmentpostcards.com/2010/05/09/legend-bill-miller-shares-his-strategy/

Commercial Real Estate Lending Still Falling as CMBS Delinquencies Rise
http://www.housingwire.com/2010/05/07/commercial-real-estate-lending-still-falling-as-cmbs-delinquencies-rise/

Sentiment versus fundamentals
http://www.marketwatch.com/story/plunging-sentiment-made-rally-likely-2010-05-10?siteid=yhoof

Dow 8500 Before 11,500: Sell the Surge, Suttmeier Says
http://finance.yahoo.com/tech-ticker/article/482228/Dow-8500-Before-11%2C500%3A-Sell-the-Surge%2C-Suttmeier-Says

Wall St anxiety gauge falls on euro zone aid
http://www.reuters.com/article/idCNN1022160420100510?rpc=44

Roubini Says European Resolution an ‘Open Question’: Tom Keene
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHwLirAaqp60&pos=5

Exchanges Seek Faster Circuit Breakers After May 6 Stock Plunge
http://www.bloomberg.com/apps/news?pid=20601109&sid=agkf8EHhAFw8&pos=12

Bank Funding Crunch Deepens as Swap Rates Soar: Credit Markets
http://www.bloomberg.com/apps/news?pid=20601010&sid=aU7wHIpwMkbI

CDS report: Credit rally, protection buying in sovereigns
http://ftalphaville.ft.com/blog/2010/05/10/226241/cds-report-credit-rally-protection-buying-in-sovereigns/

ETFs and the ‘flash crash’
http://ftalphaville.ft.com/blog/2010/05/10/225051/etfs-and-the-flash-crash/

Draaisma turns bullish
http://ftalphaville.ft.com/blog/2010/05/10/225711/draaisma-turns-bullish/

Ahead of the curve on the VIX? (Updated)
http://ftalphaville.ft.com/blog/2010/05/10/225246/ahead-of-the-curve-on-the-vix/

The Dollar's Recent Impact on Stocks
http://www.bespokeinvest.com/thinkbig/2010/5/7/the-dollars-recent-impact-on-stocks.html

Investor Sentiment: The Great Unwind
http://thetechnicaltakedotcom.blogspot.com/2010/05/investor-sentiment-great-unwind.html

Dave’s worry list
http://ftalphaville.ft.com/blog/2010/05/07/224226/daves-worry-list/

US Banks on the Mend? Q1 2010 Bank Stress Index Results
http://www.zerohedge.com/article/us-banks-mend-q1-2010-bank-stress-index-results

Moody's Says May Cut Greece To Junk Within A Month, Portugal To Aa3
http://www.zerohedge.com/article/moodys-says-may-cut-greece-junk-within-month

Morgan Stanley's Stephen Roach See Increasingly More Frequent And More Dire Crises Coming Up
http://www.zerohedge.com/article/morgan-stanleys-stephen-roach-see-increasingly-more-frequent-and-more-dire-crises-coming

Looking At Capitulation Days From Both Sides
http://www.tradersnarrative.com/looking-at-capitulation-days-from-both-sides-4047.html

Chart of the Week: The Weekly VIX
http://vixandmore.blogspot.com/2010/05/chart-of-week-weekly-vix.html


Sentiment Overview: Week Of May 7th, 2010
http://www.tradersnarrative.com/sentiment-overview-week-of-may-7th-2010-4035.html

Noteworthy Financial Stories for May 4

Euro, Stocks Slide on Debt-Contagion Concern; Commodities Slump
http://www.bloomberg.com/apps/news?pid=20601087&sid=aiRGdIU7P_gM&pos=1

Pending Sales of Existing Homes in U.S. Rose 5.3% in March
http://www.bloomberg.com/apps/news?pid=20601087&sid=afnmGyeDEUiE&pos=2

Stock Market Disconnect in Options Revealing Unsustainable Risk
http://www.bloomberg.com/apps/news?pid=20603037&sid=a8o9QE6Ly6rg

Copper Falls to Nine-Week Low as Chinese Manufacturing Slows
http://www.bloomberg.com/apps/news?pid=20601012&sid=aa950bXDEegw

Gold Climbs to Five-Month High on Demand for Money Alternative
http://www.bloomberg.com/apps/news?pid=20601012&sid=a2EDQTSZL3pw

A glimpse into financial hell
http://ftalphaville.ft.com/blog/2010/05/04/218716/a-glimpse-into-financial-hell/

Do you hear the peoples sing?
http://ftalphaville.ft.com/blog/2010/05/04/218116/do-you-hear-the-peoples-sing/

Web of debtEurope's Web of Debt
Europe's Web of Debt
http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html?ref=global

Banks Buying Treasuries Help Keep Borrowing Rates Low
: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/05/02/bloomberg1376-L1UWU61A1I4I-1.DTL#ixzz0myJXPgqN

Big Money: Debunking the myth of the 'sophisticated investor'
http://www.washingtonpost.com/wp-dyn/content/article/2010/05/01/AR2010050100205.html

Volatile markets call for stop-loss orders
http://www.ritholtz.com/blog/2010/05/volatile-markets-call-for-stop-loss-orders/

Blaming Rubin
http://blogs.reuters.com/felix-salmon/2010/05/01/blaming-rubin/

1Q Bank Results: Potential for CRE Armageddon Fading
http://www.costar.com/News/Article.aspx?id=CB58F9797974B3A09990193DBF51EC19

Congress Members Bet on Fall in Stocks
http://online.wsj.com/article/SB10001424052748703871904575216491495135642.html?mod=WSJ_hps_SECONDTopStories

Fed Says Most Surveyed Banks Didn’t Tighten Lending Standards
http://www.bloomberg.com/apps/news?pid=20601208&sid=aVfYj2OMrV7U

Senate May Begin Voting on Financial Bill Changes
http://www.bloomberg.com/apps/news?pid=20601208&sid=ajTpoTPDsBv0

Macro Hedge Funds Net Short US Equities?
http://www.marketfolly.com/2010/05/macro-hedge-funds-net-short-us-equities.html

Fed’s Senior Loan Officer Survey – credit turning favorable
http://www.investmentpostcards.com/2010/05/04/feds-senior-loan-officer-survey-%e2%80%93-credit-turning-favorable/

The Case for an Imminent Correction
http://seekingalpha.com/article/202720-the-case-for-an-imminent-correction?source=feed

Jeff Saut Still Cautious But Not Bearish; His Latest Investment Recommendations
http://www.marketfolly.com/2010/05/jeff-saut-still-cautious-but-not.html

The Great Reflation
http://www.ritholtz.com/blog/2010/05/the-great-reflation/

Noteworthy Financial Stories for May 3

Sentiment Overview: Week Of April 30th, 2010
http://www.tradersnarrative.com/sentiment-overview-week-of-april-30th-2010-4010.html

Investor Sentiment: Time To Pay Attention!
http://thetechnicaltakedotcom.blogspot.com/2010/05/investor-sentiment-time-to-pay.html

The Secret Yen for Volatility
http://online.barrons.com/article/SB127266659584984799.html

The Case for In-the-Money Options
http://www.optionszone.com/options-trading-101/getting-started/stock-replacement-the-case-for-in-the-money-options.html

Much to Love, and Hate, in a VAT
http://www.nytimes.com/2010/05/02/business/02view.html

Consumer Spending in U.S. Rose by Most in Five Months
http://www.bloomberg.com/apps/news?pid=20601087&sid=axUsIGoaehdk&pos=1

Euro Short Bets at Record as Traders Look Past Greece
http://www.bloomberg.com/apps/news?pid=20601087&sid=aEZ48uptNZFw&pos=3

Banks Buying Treasuries Help Keep Borrowing Rates Low
http://www.bloomberg.com/apps/news?pid=20601087&sid=ah8D.w3kkWi8&pos=5

Shorting Profits Fade as Bets Against Banks Backfire
http://www.bloomberg.com/apps/news?pid=20601109&sid=azXTi2L35Mzs&pos=10

China May ‘Crash’ in Next 9 to 12 Months, Faber Says
http://www.bloomberg.com/apps/news?pid=20601109&sid=aMbfBKW.uKn4&pos=14

Greece Gets $146 Billion Rescue in EU, IMF Package
http://www.bloomberg.com/apps/news?pid=20601010&sid=aHW4vl.7NK40

Junk Bond Sales Set Record as Investors Waiver: Credit Markets
http://www.bloomberg.com/apps/news?pid=20601010&sid=auOAV9jSF4HE

May Is a Good Time to Toss Out Stocks You Doubt: John Dorfman
http://www.bloomberg.com/apps/news?pid=20603037&sid=aer.sXSt149g

Banks, China May Signal Danger for S&P 500: Technical Analysis
http://www.bloomberg.com/apps/news?pid=20601084&sid=agiclGhEpzVk

‘We are wall Street…we are smarter and more vicious than [dinosaurs]‘
http://ftalphaville.ft.com/blog/2010/04/30/217381/we-are-wall-street-we-are-smarter-and-more-vicious-than-dinosaurs/


Understated Research Headline of the Year
http://ftalphaville.ft.com/blog/2010/04/30/217166/understated-research-headline-of-the-year/

Handelsblatt Illustrates German Opposition
http://www.ritholtz.com/blog/2010/04/handelsblatt-illustrates-german-opposition/

An Interview on Off-Balance Sheet Reform
http://rortybomb.wordpress.com/2010/04/30/an-interview-on-off-balance-sheet-reform/

Average US stock fund has returned 8.2% YTD, while the average taxable bond fund has returned 3.8% - according to Lipper.

Advisor Warns on Serious Regulatory Ramifications from SEC Vs. Goldman
http://www.housingwire.com/2010/04/30/advisor-warns-on-serious-regulatory-ramifications-from-sec-vs-goldman/

What About the Raters?
http://www.nytimes.com/2010/05/02/opinion/02sun1.html

Still growing
http://www.economist.com/blogs/freeexchange/2010/04/american_economy

Consultants Rate REITs as a Top Inflation Hedge
http://www.reit.com/tabid/477/News/default.aspx?type=E&ID=120

21st Century Success: 3 Ways to Get It and Keep It
http://www.openforum.com/idea-hub/topics/managing/article/21st-century-success-3-ways-to-get-it-and-keep-it-scott-halford

Fed official hits at ‘political meddling’ in reform bill
http://www.ft.com/cms/s/0/7173bd14-54af-11df-8bef-00144feab49a.html?ftcamp=rss