Structured Investment Vehicles (SIV's)

Abu Dhabi bank sues in U.S. over risky investments
By Thalif Deen — United Arab Emirates bank sueS Morgan Stanley, Moody's and S&P over failed fund
Aug 25 2008, NEW YORK, USA (REUTERS)

Citibank and the SIV's: The Collapse Is Truly Systemic
By LPAC — Much of the world's 30+ SIV's have asset base consisting of poisonous sub-prime debt
Dec 01 2007, LEESBURG, VIRGINIA, USA (LAROUCHEPAC.COM)

Collateralized Debt Obligations (CDO's)

Data may underestimate size of CDO exposure
By Harrington & Moses, Bloomberg News — As much as 40% may be missing
Nov 06 2008, DON MILLS, ONTARIO, CANADA (FINANCIAL POST)

Monte Carlo Simulation of CDOs
By Mike "Mish" Shedlock — A two-part deconstruction of Collateralized Debt Obligations.
Part 1 - Part 2
Jun 07 2007, WASHINGTON, USA (MISH'S)

Valuation of a CDO and an nth to Default CDS Without Monte Carlo Simulation
By Hull & White, Rottman School of Management, Univ. of Toronto — Two fast procedures for valuing tranches of collateralized debt obligations and nth to default swaps
Sep 2004, TORONTO, ONTARIO, CANADA (UTORONTO.CA)

Equity Markets

‘Astonishing’ Stock Swings May Last Seven More Months
By Jeff Kearns — U.S. stock swings will be more than triple the average for the next seven months
Dec 02 2008, NEW YORK, USA (BLOOMBERG)

Dent on the Coming Depression
By Video interview with Harry Dent Jr. — Dent discusses the possibility of another Great Depression on the horizon
Nov 25 2008, NEW YORK, USA (FOX BUSINESS)

Worst Crash Since Great Depression
By Doug Short — Chart shows Dow declines through four serious bear markets
Nov 20 2008, USA (DSHORT.COM)

Russia Leads Emerging-Market Stock Slump as $52 Oil Stokes Rout
By Maternovsky & Cochrane — Russia has posted the steepest losses among the 20 largest stock markets this year, at 73 percent
Nov 20 2008, NEW YORK, USA (BLOOMBERG)

Australian stocks in second-worst bear market ever
By Allison Jackson — Stocks enter second-worst bear market in Australian history, dropping more than 5% on recession fears
Nov 20 2008, SYDNEY, NSW, AUSTRALIA (WSJ/AUSTRALIAN BUSINESS)

Gulf stocks plunge as G20 fails to halt panic
By Agence France-Presse — Sell-off due to investors being forced to liquidate stocks in order to raise cash to meet debt commitments
Nov 16 2008, KUWAIT CITY, KUWAIT (AFP)

Not Your Ordinary Cycle
By Cooper & Kavcic — The biggest election day rally for the Dow in a quarter century was abruptly met by the worst postelection day selloff since 1896
Nov 07 2008, TORONTO, ONTARIO, CANADA (BMO)

S&P: Global equity markets lose record US$5.79 trillion in October
By Stephen Bernard — October losses eclipse previous record, one month prior, when 52 global equity markets lost a combined $4 trillion
Nov 03 2008, NEW YORK, USA (AP/YAHOO)

Stock Reports
By NowAndFutures — Charts Bull/Bear sentiment indicators, NYSE margin charts, confidence indicators, etc.
2008, USA (NOWANDFUTURES.COM)

Hedge Funds

Hedge-Fund Investors Remove Record $152 Billion
By Saijel Kishan — Hedge-fund investors withdrew a record $152 billion in the fourth quarter
Jan 21 2009, NEW YORK, USA (BLOOMBERG)

Madoff's Money Trail Leads to Washington
By GLP Collection — Following the Madoff money trail to Wall Street, Israel
Jan 05, 2009, USA (BLOOMBERG)

Hedge fund graveyard: 693 and counting
By Ben Rooney — 344 hedge funds were liquidated in the third quarter - a significant increase that represents 7% of all hedge funds
Dec 18 2008, NEW YORK, USA (CNN)

Countrywide Sued by Fund Over $8.4 Billion Loan Deal
By Patricia Hurtado — Hedge fund lawsuit claims BoA agreement to reduce payments on mortgages by $8.4 billion would hurt investors
Dec 01 2008, NEW YORK, USA (BLOOMBERG)

Hedge Fund Manager Hendry Bets on Deflation With U.K. War Loans
By Tom Cahill — Buying World War I debt on the bet the U.K. is due for its worst round of deflation since the Great Depression
Dec 01 2008, LONDON, ENGLAND, UK (BLOOMBERG)

Hedge Fund Halt Redemptions
By News Staff — Hundreds of hedge funds will close this year with an estimated wave of as much as $700 billion in investor redemptions
Nov 29 2008, USA (HEDGE FUND PLANETS)

Groups in Lehman asset trap
By Mackintosh & Murphy — Four major hedge funds may close mid-December if they can't get access to information about their assets frozen at Lehman
Nov 25 2008, LONDON, ENGLAND, UK (FINANCIAL TIMES)

Hedge Fund Assets Shrank 9% as Investors Withdrew $40 Billion
By Gillian Wee — Investors pulled $40 billion from hedge funds in October
Nov 20 2008, NEW YORK, USA (BLOOMBERG)

Tepper, Barakett Abandon Stocks as Funds Cut Holdings
By Weiss & Burton — Hedge Fund industry declines contribute to 25% decline of S&P 500 Index since Sept. 30th
Nov 17 2008, NEW YORK, USA (BLOOMBERG)

George Soros warns 'hedge funds will be decimated'
By Suzy Jagger — Soros predicts crisis will wipe out as much as three quarters of the money managed by hedge funds
Nov 14 2008, NEW YORK, USA (TIMES ONLINE)

Hedge-Fund Assets Shrink by $100 Billion Last Month
By Tomoko Yamazaki — Global hedge-fund industry loses $100 billion of assets in October
Nov 13 2008, NEW YORK, USA (BLOOMBERG)

Mutual Funds

Mutual Fund Scoreboard
By News Staff — Monthly scoreboard of mutual fund performance
2008, NEW YORK, USA (BUSINESS WEEK)

Money Markets

Money market funds reel as yields near zero
By Deborah Brewster — Money markets need to raise fees or close new money to remain profitable as yields hover at near-zero
Dec 21 2008, NEW YORK, USA (FT.COM)

Money Markets: Libor falls; demand for Fed TAF cash wanes
By McGeever & Parry — Month-long thaw in the global credit freeze; Federal Reserve auction suggested bank demand for short term cash may be satisfied
Nov 12 2008, NEW YORK, USA (REUTERS)

U.S. Treasury Department's Temporary Guarantee Program For Money Market Funds
By Haskin & Kuo, Willkie Farr & Gallagher LLP — Treasury establishes a temporary guarantee program for money market funds
Nov 2008, MOUNTAINSIDE, NEW JERSEY, USA (METROPOLITAN CORPORATE COUNSEL)

Treasuries

Fear triggers gold shortage, drives US treasury yields below zero
By Ambrose Evans-Pritchard — Safety flight drives yield on 3-month US Treasuries below zero, causing a rush for physical holdings of gold
Dec11 2008, LONDON, ENGLAND, UK (TELEGRAPH)

US Treasury Market Reaches Breaking Point
By Helen Avery — Structural issues that could cause the world's market of last resort to grind to a halt in its hour of need
Nov 25 2008, LONDON, ENGLAND, UK (EUROMONEY)

1st time ever: 10-year yield is below 3%
By Ben Rooney — Government debt prices jump as mortgage rates fall and economic outlook remains dark
Nov 25 2008, NEW YORK, USA (CNN)

Treasurys Fall after 30-year Bond Auction
By Deborah Levine — Treasury prices fell as U.S. equities turned higher and the government's last big debt sale of the week was met with tepid demand
Nov 13 2008, NEW YORK, USA (WSJ MARKET WATCH)

Treasury Charts
By NowAndFutures — Real-time charts on Treasury bills, motes, and bonds
2008, USA (NOWANDFUTURES.COM)

Term Investmetn Option (TIO) Charts
By NowAndFutures — TIO and temp repo, and the S&P 500 (stock market direction)
2008, USA (NOWANDFUTURES.COM)

Institutional (bonds, munis)

Monster Lurking in the Bond Market
By Nicole Elliott video interview — A technical look at U.S. and Japanese bonds
Nov 25 2008, NEW YORK, USA (CNBC)

Credit Markets Dip Into Absurdity
By Matthew Craft — Blame forced selling, not approaching apocalypse, for the madness in the bond markets
Nov 08 2008, NEW YORK, USA (FORBES)

> Commercial Mortgage-backed Securities (CMBS)

CMBS market shows distress as default fears rise
By Laura Mandaro — Property values, Paulson's switch on TARP plans send spreads spiking
Nov 19 2008, NEW YORK, USA (WSJ MARKETWATCH)

Futures

What onions teach us about oil prices
By Jon Birger — Onions have no futures market, yet their recent price volatility makes the swings in oil and corn look tame
Jun 30 2008, NEW YORK, USA (FORTUNE)

Fixed Income

U.S. Fixed Income Markets Mixed Ahead of Paulson's Speech
By News Staff — Fixed income market attention shifs to Paulson's scheduled speech on the Troubled Asset Relief Plan (TARP).
Nov 12 2008, MONTREAL, QUEBEC, CANADA (CEP)

Time to Pay Closer Attention to the Credit Markets
By Tony Jackson — Fixed-income markets have been at the leading edge of the Great Unraveling since the outset
Nov 09 2008, LONDON, ENGLAND (FINANCIAL TIMES)

Pension Funds

IBM loses half its book value due to pension revaluation
By News Staff — IBM Reports 2008 Fourth-Quarter and Full-Year Results
Jan 20 2009, NEW YORK, USA (MSN)

Pension Funds Beg Congress to Suspend Billions in Contributions
By Brian Faler — A parade of businesses seeking relief from Congress amid this year’s economic meltdown
Dec 08 2008, NEW YORK, USA (BLOOMBERG)

Ireland offers hand to crunch-hit banks
By News Staff — Ireland government may use national Pensions Reserve Fund to bailout banks
Dec 01 2008, LONDON, ENGLAND, UK (THIS IS MONEY)

Pension Agency Sounds Alarm on Big Three
By John D. Stoll — Concerns about potential for Detroit's three auto makers to use pension funds to pay for restructuring
Nov 28 2008, NEW YORK, USA (MARKET TICKER)

U.S. companies seek pension relief
By Mary Williams Walsh — Big U.S. companies pushing Congress to roll back rules requiring them to put more money into their pension funds
Nov 20 2008, NEW YORK, USA (HERALD TRIBUNE)

Texas' Teacher Pension Fund Plummets in Financial Crisis
By News Staff — $25 billion market value drop since Sept. 1 in the nation's widening financial meltdown
Nov 15 2008, AUSTIN, TEXAS, USA (CHRONICLE)

Dems Target Private Retirement Accounts
By Karen McMahan — Democratic leaders in U.S. House discuss confiscating 401(k)s, IRAs, putting them under control of Social Security Administration
Nov 04 2008, RALEIGH, NORTH CAROLINA, USA (CAROLINA JOURNAL)

Pension Time Bomb Explodes In US and Canada
By Mike "Mish" Shedlock — The ticking time bomb of overpromised, underfunded public pension plans has finally exploded.
Oct 31 2008, WASHINGTON, USA (MISH'S)

Commitments of Traders

Committments of Traders (COT) Charts
By NowAndFutures — Report on who's buying and who's selling in the marketplace
2008, USA (NOWANDFUTURES.COM)

Flights of Capital

Russia: Kremlin Wins War but faces New Battle as Investors Scramble for Exit
By Luke Harding — $19bn taken out of country since invasion of Georgia began on August 8
Sep 06 2008, MOSCOW, RUSSIA (UK GUARDIAN)

China: Flight of Capital Denied by Foreign Investors
By News Staff — Officials deny reports of capital flight from Guangdong
Feb 26 2008, GUANGDONG, CHINA (NEWSGD.COM)

Shorts & Naked Shorts

Legislation to Ban Naked Shorts on the Way
By Rachel Pannett — Aussie Federal Government moves to ban naked short selling and require other short sell disclosures
Nov 14 2008, SURRY HILLS, NSW, AUSTRALIA (AUSTRALIAN)

The War on Naked Shorts
By Megan McArdle — Shorting, naked or clothed, is not significantly at fault in the current crisis, but...
Oct 06 2008, WASHINGTON, D.C., USA (THE ATLANTIC)

Distressed Assets and Naked Shorts
By Rachel Sklar — Talkin' Bailout With CNN Asia Business Editor Eunice Yoon
Oct 01 2008, USA (HUFFINGTON POST)

Cox: Default Swaps Are Naked Shorts
By Tim Reason — SEC chairman callS for Congress to give his agency authority over swaps
Sep 23 2008, NEW YORK, USA (CFO.COM)

Trader Made Billions on Subprime
By Gregory Zukerman — John Paulson Bet Big on Drop in Housing Values, Greenspan Gets a New Gig, Soros Does Lunch
Jan 15 2008, NEW YORK, USA (WALL ST. JOURNAL)

Real Estate Investment Trusts (REIT's)

U.S. Grants Special Dispensation to REITs
By Robert Willens — A real estate investment trust can pay its dividends with stock, says a new ruling released last week
Dec 15 2008, USA (CFO)

Investors Dump Mall, Industrial REITs
By John Spence — The latest meltdown in shares of mall and industrial REITs underscores concern over sharp, global economic slowdown
Nov 13 2008, NEW YORK, USA (WALL ST. JOURNAL)

Calpers Bought Shares in 112 REITs Prior to Market Collapse
By Miles Weiss — Calpers invested in more than 100 property companies before their value collapsed in the weeks after Oct. 1.
Nov 13 2008, NEW YORK, USA (BLOOMBERG)

REITs That Are Holding up Well
By Jeffrey R. Kosnett, Kiplinger.com — REITs prepare to issue third-quarter reports, revealing where they stand on roll-overs and refinancing debt
Oct 13 2008, WASHINGTON, D.C., USA (WA POST)

Brokers & Brokerage Houses

Battered E*Trade banking on government funds
By Jonathan Spicer — Can they secure U.S. government funds that would bring some relief to a book of bad mortgage loans?
Nov 21 2008, NEW YORK, USA (REUTERS)