My morning reads, three hours behind:
• Looking Under the Hood of the Stock Rally (WSJ) see also Kass: Topping Out (The Street)
• Global Value: Building Trading Models with the 10 Year CAPE (Social Science Research Network)
• S&P Has A Perfectly Good Explanation For Rating Deals “Structured By Cows,” Which A Lucky Federal Jury Will Get To Hear (Dealbreaker)
• Simon Johnson: Why Does Wall Street Always Win? (Economix)
• A Quick End to TARP Means a Smaller Payoff for Taxpayers (DealBook)
• Analysts: Recession Likely Without Budget Accord (Yahoo News)
• ‘Short Sales’ to Get a Boost (WSJ) see also PIMCO is Positioning for a Housing Recovery (Pimco)
• Akin isn’t the first politician to get the science wrong (MSNBC)
• How Americans view wealth and inequality (BBC News) see also Meet the new Facebook suckers (Market Watch)
• August 22, 1969: The Beatles’ Final Photo Shoot (Brain Pickings)
What are you reading?
Looking Under the Hood of the Stock Rally
Source: WSJ
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