First, let me be clear that I have very little respect for either of them. Just to set the record straight.
It should be interesting, however, to perform the following experiment:
Find Cramer’s first call of a bottom in this stock market move. Wait for the eventual bottom to have made itself clear in retrospect. […]
This is the Morgan Stanley’s publication, “Structured Credit Insights - Instruments, Valuation and Strategies” (PDF). Link is to the 2006 version, which was the second edition.
The second edition contains 34 new and numerous revised chapters focused on several topics. Recent default events and significant repricing of tranche relationships motivated chapters on valuation […]
Most of the market chatter I’ve monitored in the last week has been about how the investment environment has changed. It’s all bunk. Every bit of it. Very little has changed, most things haven’t changed.
The equity markets have pretty much always been interventionist and corporatist. Just about every “crisis” has been […]
To determine the impact of an American International Group (AIG) bankruptcy on the broader insurance markets, you have to look at what lines of business they write, and where. It stands to reason their problems will have little impact in areas where they have little business. You also have to assess whether they’re […]
I seem almost compelled to add to the echo chamber surrounding Fannie Mae (FNM) and Freddie Mac (FRE) this weekend.
A reader asked if I were expecting a big move in the general market, and if I thought the Financials Sector SPDR (XLF) might be the place to be, and wouldn’t this move kill […]
