- Sure, Madonna. Just coffee buddies.
- Barry Ritholtz takes a look at market history after a bad month. Bold my add on the following excerpt: As the chart below shows, we often see a healthy snap-back after significant one month sell offs 6 and 12 months later. Except when we don't, such as 1973 and 2001, where we see even larger losses one year later. Just excerpting the bolded text, it'd read "We often see a healthy snap-back, except when we don't." Stick that in your market timing scrapbook!
- Are the shorts getting careless?
- Aerosmith downsizes, Steven Tyler (not pictured) laid off. "Explaining to a longtime Aerosmith employee that his or her job is being eliminated is one of the most difficult challenges we face in this business," Aerosmith manager Trudy Green said in a statement released this morning. "We thank Steven for his many years of loyal service, and wish him the best of luck in all his future endeavors."
- Weekly Guru Bargain Highlights.
- From Marginal Revolution, Statement of 300 Economists Supporting John McCain. (And the rest are being called "deniers.")
- Treasuries moving up due to concern about financials and the economy. You wonder if longer-term rates will be coming down? Especially with the recent PCE showing very little inflation.
- Crossing Wall Street notes that not only is there little inflation outside of commodities, but apparel prices are the same price they were 20 years ago!
- ATMs Safer at Banks than Stores. Hmm... But what about ATMs at banks within stores?
- In the Money writes: The Market that Couldn't Bounce. Check out his list of sentiment indicators. Investor's Intelligence numbers showing bears at their highest levels since 1998.
- On the otherhand, Bespoke says maybe there is too much optimism in the outlook for the DOW 30 stocks.
- It's just after 3pm here, but I think I've had it for a Monday-after.
