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What I’m Reading Today
Reading Time: 2 minutes“The economy is still deteriorating, job losses are still huge, I really don’t see where earnings will come from to drive valuations. Just because things are getting worse at a slower pace doesn’t mean they’re getting much better” – James…
A Number Of Superb Value Funds Have Recently Reopened
Reading Time: 2 minutesWith stock indexes well off their highs and continuing to struggle, many investors, including some of the best value players in the game, are starting to see opportunities. I first suggested this was the case on January 20: “Some Investors…
Emerging Market Stocks Lead The Rally
Reading Time: 2 minutesFor the medium term, I’d avoid emerging markets because of the froth there. – Chris Zook, Chief Investment Officer, CAZ Investments What we’re living through now is something of epic proportions. – Alan Conway, Head of Emerging Market Equities, Schroders,…
CDSs: What Everybody Will Be Talking About In 2008
Reading Time: 2 minutes“… defaults of a different kind could be the big issue of 2008. If you want to mug up on jargon for the year ahead, then the business of insuring against bond defaults known as credit default swaps, or CDSs,…
Madoff Investment Securities Revealed As “Stunning Fraud”
Reading Time: 5 minutesOur complaint alleges a stunning fraud that appears to be of epic proportions. – Andrew Calamari (subscription required), Associate Director of Enforcement, SEC New York Office It’s all just one big lie…. basically, a giant Ponzi scheme. – Bernard Madoff allegedly…
High Frequency Trading
Reading Time: 2 minutes(Source: The New York Times – click on link for a larger graphic) It’s become a technological arms race, and what separates winners and losers is how fast they can move. – Joseph M. Mecane, NYSE Euronext, quoted in “Stock…