In Case You Missed Them - Some Links of Interest (7/23/09)

Posted by Bull Bear Trader | 7/23/2009 08:30:00 AM | | 0 comments »

Below are some links of interest (at least to me), just in case you missed them. Some have already been posted to Twitter. Not sure if I will keep this up daily, or update throughout the day as often.

  • S&P 1500 most volatile stocks (Bespoke Investment Group).
  • President Obama is proposing a new transaction fee for "far-out transactions," also known as derivatives, no doubt (WSJ). Of course, I guess this also includes any other thing that financial engineers can come up with. Less resulting risk, maybe. Less innovation, probably.
  • Foreclosure activity by region (The Big Picture). California, Florida, and Nevada account for half of all foreclosure activity, with California roughly twice Florida's foreclosure level. And we wonder why the Terminator and his state are having problems.
  • Speaking of California, Occidental Petroleum (OXY) discovered 150-250 million barrels of oil and gas in California (WSJ). Lawmakers are already looking for new ways to tax and regulate it - seriously.
  • The (sorry) state of the M&A Markets (The Pragmatic Capitalist).
  • Standard & Poor's adjustments in the way it accounts for certain loss and recovery assumptions is proving unsettling to the Commercial MBS market (WSJ). Some securities were re-rated as AAA days after sharp downgrades (Financial Times). Apparently, the Fed will only finance triple A securities. Whoops.
  • Is the market exhausted? Check out the Divergence Index, and then you decide (Zero Hedge).
  • AIG holds off on planned bonuses ...... for now, avoids pitchforks ...... for now (WSJ).
  • That did not stop Morgan Stanley. MS's compensation soars to 72% of revenues (Clusterstock).
  • Boeing has found a solution to the technical problem with the Dreamliner that has caused so many delays (WSJ). But you have to wait some more, as the company will provided updates a little later in Q3. Amazing. All kidding aside, the problem may be more serious than originally thought (Seattle Times Newspaper).
  • A recent survey finds that investment advisers are predicting that clients will move more assets out of conventional mutual funds into ETFs (WSJ). The moves are being driven by concerns regarding both return performance and transparency. Past revenue-sharing-kick-back concerns probably did not help either.
  • Edward Jones says no to offering leveraged ETFs (ETF Trends). They must not have been part of the previous survey.
  • Some historical returns of the Harvard and Yale endowments, compared to other popular benchmarks, are provided over at World Beta. A bad year for the endowments, but diversification still helped over the long-term.
  • Bottom line earnings beat rates are near highs, while top line revenue beat rates not so much (Bespoke Investment Group). How long can you cut costs, and jobs? Eventually the consumer is going to have to step up and buy stuff ... after they get a new job, or feel safe about their current job - may be a long time with a jobless recovery. Unfortunately, we cannot all help out by buying a new Camaro, even if we wanted to (Carpe Diem).
  • Is Covestor Investment Management (A VC) the next big thing (Bull Bear Trader)? Basically, the system is designed such that you would have your own account, but could then choose from a number of investment managers that you want to follow. The investment managers could be in the financial industry, or more likely just an average investor like you. If you choose to follow the investment manager, funds in your account are used to mimic the trades of the manager. Check it out (Covestor). It sounds interesting (but there are concerns and questions).