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Archive for May, 2009

An interesting graphic from Bespoke Investment Group:

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*Reference to the ‘Dollar Smile’ theory (explained by Macro Man, coined by Morgan Stanley):
One possible explanation is an emerging school of thought that a US recession/quasi-recession is actually good for the dollar. According to the proponents of this theory, weak/negative US growth is both damaging to the rest of the world and a catalyst to [...]

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Naked Short Sales

This chart from the NYT adds credibility to the SEC’s wild-goose chase from last year:
In case you forgot, there were many people who blamed naked short sales – or shorting a stock without borrowing the shares – for the precipitous decline in shares of financial institutions this past fall. As the graph shows, there have [...]

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