Daily Reading – Tuesday, May 10, 2011

FT Alphaville: Roubini’s guide to a Greek debt restructuring

Cut, paste and mail to your favourite holder of Hellenic debt…

FT Alphaville: A proclamation from the Spanish Ministry of Public Works…

Just in case you were wondering…

Investing in Spanish real-estate sector is safe

FT Alphaville: There’s no change for the US driver…

… because the gasoline crack (the difference between the price of crude and the price of gasoline — a key metric in determining whether there’s enough incentive for a refinery to process crude) is roofing.

Zero Hedge: Reuters Special Report On What Caused The “Causeless” Crude Crash; Other Hedge Fund Casualties Identified

Zero Hedge: Sprott Launches Physical Silver Mutual Fund, Will Likely Soak Up Much Marginal Silver Inventory

The Slope Of Hope: How Long to Hold Silver?

As I’ve said repeatedly recently, I think we’ve got a bounce in play which – – I hope!! – – I can ride until it reverses. One of my key longs for this bounce is the silver ETF – have you ever heard of it? – symbol SLV.

Econompicdata: Secret Sauce Continues to Grip It and Rip It

What is the secret sauce? An alternative to the “sell in May, go away”; sell the S&P 500 at the end of May and then invest in the Long Government / Credit bond index (rather than sit in cash). The “strategy” (I wouldn’t necessarily call it that) takes advantage of data (mining) that shows the Long G/C has outperformed the equity market for the May through October time frame. The result is better annualized performance (14.1% vs. 10.7%) with less volatility (12.1% vs. 15.8% standard deviation).

Phil Pearlman: The Rise of the Market Participant Editor in Finance Media

There’s a big difference between reporting the news and making money.

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