Recommended Readings

• From SEC Employee Rick Bookstaber "We All Know Gold Is In A Bubble"
  Published: March 9, 2010
  Source: zero hedge - on a long enough timeline, the survival rate for everyone drops to zero
  Former Bridgewater-ite (which we hear is not doing that hot lately) Rick Bookstaber, who was recently appointed at the SEC in some risk management capacity, comes out with a truly amusing rant on why gold is in...
• 6 Theories On Why the Stock Market Has Rallied
  Published: March 9, 2010
  Source: zero hedge - on a long enough timeline, the survival rate for everyone drops to zero
  There are at least 6 theories about why the stock market has rallied some 70% off its lows a year ago, even though nothing has been done to actually address the root causes of the financial crisis.What The Dumb...
• Bob Janjuah - "Hopefully, For All Our Sakes, The Bubble Bursts Sooner Rather Than Later"
  Published: March 8, 2010
  Source: zero hedge - on a long enough timeline, the survival rate for everyone drops to zero
  Submitted by the man himself in all its epilepsy-inducing grammatic glory. As always read this in parallel with Seth Klarman's lessons. In my last cmmt I said the rebound from the initial S+P sell-off (from 115...
• Merkel Provides Some Sanity To The Anti-CDS Hysteria
  Published: March 8, 2010
  Source: zero hedge - on a long enough timeline, the survival rate for everyone drops to zero
  GERMANY MERKEL: CANNOT BAN CDS MARKET OUTRIGHT GERMANY MERKEL: MIGHT NEED CDS MKT CURBS TO LIMIT SPECULATIONGERMANY MERKEL: NEED TO CHANGE EU TREATIES TO HELP MEMBERSGERMANY MERKEL: MUST MULL HOW EMU, EU CAN LE...
• The Mother of All Carry Trades has Started
  Published: March 8, 2010
  Source: zero hedge - on a long enough timeline, the survival rate for everyone drops to zero
  I’m hearing from my buddies in Japan that while things are already quite bad in that enchanting country, they are about to get a whole lot worse, and that it is time to start scaling into a major short in the...
• Is a Big Global Risk Reversal At Hand?
  Published: March 5, 2010
  Source: zero hedge - on a long enough timeline, the survival rate for everyone drops to zero
  The February non-farm payroll showed a further loss of 36,000 jobs, versus an expected loss of 75,000, and the unemployment rate remained unchanged at 9.7%. December was revised up by 41,000 and January was rev...