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Doin' It Bloggystyle: Expresso Love


Minyanville brings together the best of what they are saying "out there" about the topics we're talking about right here.


Some links to ponder while you stand outside the shuttered Starbucks (SBUX)and wonder why the barristas won't let you in to pay $8 for that Vente Latte. Full disclosure: Chugging a Large Dunkin Donuts Ice Coffee as I type this. Fuller disclosure: You can actually walk into DD and order a "large" and they know what you mean.

Ambac (ABK) to the Future

  • The "rescue" and AAA ratings "save" is drawing raves around blogworld.
  • Such as Mish: "Sometimes there are problems that just can't be solved", and this is likely one of them. Oh sure, the market may rally a bit, especially if Moody's, Fitch, and the S&P keep their collective heads buried in the sand and reaffirm the AAA ratings on a mere $2 billion infusion, but long term the problem cannot go away until the entire package of CDOs guaranteed by the monolines is properly marked to market at a value close to zero."
  • Barry Ritholtz: "What this really points out is how worthless and corrupt the S&P and Moody's ratings actually are. ...Forget that the foxes are watching the henhouse, it appears that the regulators, banks, insurers, and SEC, Federal Reserve -- pretty much anyone else you can think of -- are all in cahoots with each other. It's American Socialism at its finest."
  • Peter Bookvar of Miller Tabak (via Barry): "What S&P is saying is that a bond yielding 14% in the marketplace is also AAA. It's now a game among the rating agencies, regulators and banks with whether the bond insurers are rated AAA or not when they clearly are not and their securities don't trade as they are. This is being done in an attempt to prevent the banks from going through another round of writedowns."
  • Naked Capitalism: "The fact that this group won't make an outright equity purchase is so inconsistent with their supposed downside exposure that it can say only one of two things. Either enough of them have taken deep enough writedowns that they don't think they have much at risk or they believe this rescue will be inadequate. In the latter case, they are better off keeping their powder dry rather than become the sugar daddies for the possibly insatiable monolines."
Bermuda Triangles
  • Have we actually violated the triangle to the upside? Musings of a Trader says maybe not.
  • Afraid To Trade not sure either, but regardless, would like to see a lift above the nearby 50 day MA.
  • But who needs shapes. Random Roger examines the 90-10 T-Bill/Big Beta portfolio split.

Looking for a Name

  • Bespoke culls out the most volatile stocks in the S&P 1500.
  • Deconstructing the XLF and QQQQ from bzb trader.
  • ZachStocks dines with The King (BKC).
  • Analysts still pretty bullish on Google (GOOG) notes Nick at Schaeffers.

Fast Times

  • So can you make Fast Money watching Fast Money?
  • I'm not a big fan of these sorts of assessments (I don't think there's a great way to measure, plus it's unrealistic to allow the picker to only change his opinions at set intervals), but it's CXO Advisory running the numbers and I am a big fan of their work.
  • Anyway, they look at the picks from Guy Adami, Karen Finerman and Pete Najarian.
  • What about that bald guy, what's his name again? "Subsamples for two other participating experts are so small that we have not included individual results for them."
  • Oh, and the results.
  • "In summary, the Fast Money experts probably do not offer fast money with their stock picks, but they do as a group outperform the broad stock market over recent months. The sample is not large enough to determine whether the outperformance is peculiar to recent market conditions."
No positions in stocks mentioned.
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