short WFC

Roubini's Case for a Double Dip Recession: Pretty Underwhelming

RE price declines triggered this crisis. RE continues to decline and impending resets will likely bring 2nd wave of defaults in 2010. this will likely precipitate another crisis and gov spending spree. but hey i guess thats 'long term' enough for few to bring up?

Stocks vs. Bonds: An Update for the Current Market

sounds good but what about some fishy goings on? here is a verbatim copy of an article by
IndexUniverse.com:

biz.yahoo.com/indexuni...

Can You Trust Bond ETFs?
Monday October 13, 7:42 pm ET
By IndexUniverse Staff


Murray focuses on premiums and discounts in the fixed-income space, which is a huge story:Fixed-income ETFs are trading at wild variance with their underlying indexes.
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There are a variety of reasons why. The fixed-income market is so frozen right now that some bond price indexes are carrying stale data. At the same time, some ETFs are using "fair value" pricing to value their illiquid holdings, which introduces a layer of discretion into how each fund's assets are priced.

To be honest, it's hard to know exactly where these things should be trading. And that, to me, is a big problem.

The whole idea of investing in ETFs is that they give you clean access to various asset classes. You set your asset allocation—X% in stocks, Y% in bonds, Z% in commodities—and ETFs give you fair exposure to those markets.

Right now, they are not doing that.

Consider the three junk bond ETFs:the iShares iBoxx $ High Yield Corporate Bond (AMEX:HYG - News), SPDR Lehman High Yield Bond ETF (AMEX:JNK - News) and PowerShares High Yield Corporate Bond Portfolio (AMEX:PHB - News). All three funds track high-yield corporate bonds, holding portfolios of 50, 112 and 52 high-yield bonds, respectively. You'd think their returns would be similar.

But let's say you bought shares in each fund at the close of trading on October 3. Since then, through 3:30 p.m. ET on October 13, HYG is down about 8.5%, while PHB was down 15% and JNK was down 17%. That's an 8.5% swing in 10 days from top to bottom.

It's worse if you look intraday. At one point last Friday, HYG was down about 15%, JNK was down about 20% and PHB was down nearly 30%.

A 15% difference? Intraday? Are you serious?

Of the three funds, HYG appears to be trading the best. On an intraday basis it has been trading fairly smoothly, while the other two ETFs have vacillated wildly.

But with HYG trading at a massive discount to net asset value, who's to say.

Buyer beware.

Schroedinger's Cat Revisited: Why It's Impossible to Predict the Markets

gobbledygook, a parallel between quantum mechanics (one of lthe least understood theories of all time) with investing is hardly likely to help anyone accomplish anything,

Wall Street Breakfast: Must-Know News

u left out ibm announced good earnings yesterday

Economic Indicators Signal a Major Collapse Ahead

i also wish to thanks thinkbig and wonder why someone would attack him so viciously without so much as alluding to even one specific notion..wow...that was kind of scary ...

if we dont quickly get accountability for this mess (theres plenty of blaim to go around is not acceptible as 'accountability')

AND we dont get instituted accountability for government actions and financial bodies such as GSE's (FNM etc) we will have more of this type of circus.

its human nature. put almost anyone in control of a lot of money and let them make nice bonuses with little or no accountability and you will get a lot of risky tinkering.

let a few of these 'leaders' lose their mansions and you'd be amazed how stable and far thinking financial policy can become

'too big to fail' institutions should have been broken up by SEC , Fed , treasury . where is their accountability. no accountability no results. democrats or republicans means nothing without accountability. i'm so disappointed we dont hear that in all the election bs.

'No Shorts' Outperforming

yes, and the short may be allowed back oct 2 :)
i remember when short term myopic 'solutions' thats dont address the cause were ridiculed now its called 'policy'
1. the