Charles Lieberman submits:
Is the equity market overpriced and vulnerable after its sharp rally off the March 2009 lows, as suggested by the bears? While the economy has many problems to overcome, equity valuations are actually quite reasonable, even after the market’s…
Excerpt from fund manager John Hussman’s weekly essay on the U.S. market:
Excerpt from the Hussman Funds’ Weekly Market Comment (11/30/09):
In my estimation, there is still close to an 80% probability (Bayes’ Rule) that a second market plunge and economic downturn will…
$$$ Sallie Krawcheck: The Woman Who Made It On Wall Street [The Big Money]
$$$ Roubini Plans to Hire 17 to Expand RGE’s Market-Strategy Team [Bloomberg]
$$$ Madoff Auditor Pleads Guilty [GC]
$$$ Gasparino v. Sorkin [BI]
Wall Street – Business – United States – Bloomberg – Investing
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The Baseline Scenario submits:
By Simon Johnson
The US increasingly displays characteristics that we have seen many times in middle-income “emerging markets” – new dimensions of vast inequality, forms of financial instability that benefit the best connected, and consistently easy credit for…
Jim Rogers has told the Financial Times he wants more banks taken out back and shot, or left to die on the side of the road like Lehman, which was the only thing the government has ever done right. Who will…
Michael Young submits:
Previous session overview
The dollar advanced marginally on a broadly lower Japanese yen Friday but traded mixed against other major currencies as European equities gained ground and stocks opened higher on Wall Street.
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