The curious thing about a bubble is, when it bursts, you can't believe people actually behaved the way they did. (Remember, in the late 1990s, backing up the truck and buying the QQQQ for clients? Nah, not you.) Consider what a sweet temptation...
About the current credit market turmoil, Former Federal Reserve Chairman Alan Greenspan said in early September, The behavior in what we are observing in the last seven weeks is identical in many respects to what we saw in 1998, what we saw in the...
Over the past five years, institutional investors have taken quite a shine to a type of fund that nobody quite knows what to call. At last count, pensions and endowments had committed some $30 billion to these so-called short extension, or...
Financial stocks have understandably led the market down during the recent credit-related correction. But the group has also recently led in another area: insider buying. In July and August, executives and directors in this much-beleaguered sector...