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.