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Prieur’s readings (October 21, 2009)

Prieur du Plessis (October 21st, 2009) Writes:

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.

• Doug Kass (TheStreet.com): A force in motion, October 20, 2009. Arguably, the market has begun to decouple from fundamentals; instead, liquidity has overcome almost any other influence as every little setback has been countered with an avalanche of buying. It has fed upon itself, and it has contained corrections as many money managers play catch-up and chase strength.

• Dan Holland (RealClearMarkets): An interview with Jason Trennert, Ocober 20, 2009. Jason Trennert is the chief investment strategist at Strategas Research Partners, a Manhattan-based advisor to institutional investors, which he co-founded three years ago. Institutional Investor magazine has consistently ranked Trennert one of the top strategists on Wall Street.

• Martin Wolf (Financial Times): How to manage

...

Is Washington Replacing Wall Street as the City That Drives America?

Contrarian Profits (February 2nd, 2009) Writes:

Is Washington replacing New York – and more specifically, Wall Street – as the city that drives America?

The question, raised in a new Reuters piece, is certainly a good one – and a fair one.

As the United States suffers through perhaps its worst financial crisis ever – a crisis caused by the combination of rampant greed and some ill-conceived financial engineering – Wall Street’s reputation has been badly tarnished, perhaps forever.

Moving forward, two results will be a tightening of financial regulation and an increase in government control of the financial markets. We’ll also end up with a federal government that more closely controls – and in some cases owns stakes in – banks and other financial institutions, a move that some regard as de facto nationalization.

Like a super hero arriving to save the day, in steps Washington, “home to a popular president and a Congress

...
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Is this the Bottom of the Housing Market?

Andrew Snyder (October 8th, 2008) Writes:

Data released today reveals an unexpected 7.4% jump in the pending home sales index. Andrew Snyder says the housing market is at or close to a bottom now. This means it could be the perfect time to buy a dream property on the cheap...


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