As the market sighs and concedes a monster gap up, isn’t it good to know that there’s always a bull market somewhere? We’re speaking, of course, about the Intrade contract betting that Sarah Palin will withdraw (or, more likely, be withdrawn) as the Republican VP nominee before the 2008 election.
If you were actually long this PALIN.VP.WITHDRAWN contract, perhaps you could hedge the gamble with some long 2008.PRES.McCAIN, on the view that these might be close to inversely…
In a note yesterday morning to members, we were looking for an oversold rally, and said rally still has yet to materialize in any big way. We still think the S&P will close the week closer to 1300 than to 1250, but that’s a conviction loosely held.
The two biggest questions on our minds for the remainder of the week are:
Will the financials stop dragging everybody down? $BIX, $BKX, XLF all had a good day today, but they…
Here are some articles of interest we found this weekend. Subscribers, make sure you’re logged in and check out our weekend portfolio update. Also, warning: information and ruminations dealing with ethics, justice, and good governance ahead, so stop reading if you are allergic to any of those things.
Michael Greenberger is the most cogent defender of the view that the recent parabolic move in oil prices is due largely to structural factors enabling manipulative speculation. In this…
[Members, be sure to check in for the weekend portfolio update.]
The Financial Times has a fascinating interactive map of key oil players and movements.
Roger Nusbaum profiles one of several forthcoming frontier ETFs. For when BRICs get too boring, you can own some Poland, Chile, and Egypt.
Greg Feirman wonders whether Lehman really is bankrupt; in Barron’s, Steven Sears notes that the premiums in LEH options “show that investors think the stock is more than twice…
Tuesday, September 2, 2008
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