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bespokeinvest.typepad.com - 10/9/2008

World Equity Market Declines: -$26,000,000,000,000

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Here's one to take home with you tonight, although it might make it tough to keep your dinner down. Since last October, the value of stocks worldwide has fallen 41%, or $25.9 trillion. As shown in the chart below, Bloomberg's World Market Cap index has fallen from $62.5 trillion at its peak on ...

Blog Reactions

EconomPic:  The $25.9 Trillion Global Equity Market "Correction"

GalaTime:  Readings: -$26T, From long to short puts, Wednesday wonder

Abnormal Returns:  Thursday links: thought and choice

FT Alphaville:  Further reading

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bloomberg.com - 10/16/2008

Hedge Funds May Cut 10,000 Jobs, Options Group Says (Update1)

— bloomberg.com — Oct. 16 (Bloomberg) -- Hedge funds may cut as many as 10,000 jobs this year as they struggle with their biggest losses in almost two decades, according to estimates by executive search firm Options Group . The industry has already eliminated 3,000 to ... (more) Hedge Funds May Cut 10,000 Jobs, Options Group Says ...

Comments vote downundo vote up Dealbreaker found this 10/16/2008found this

3

krugman.blogs.nytimes.com - 10/9/2008

Dow 9,000!

— krugman.blogs.nytimes.com — Stock prices are, however, the least of our worries. The money markets are frozen; the TED spread is 4.14%. G7 meeting tomorrow, IMF-World Bank over the weekend. Now is the time for major action - an announcement of coordinated capital injections, ... (more) Dow 9,000!

Stocks

Comments vote downundo vote up Calculated Risk found this 10/9/2008found this

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bespokeinvest.typepad.com - 10/13/2008

Back Above 1,000: S&P 500 Top Ten Days

— bespokeinvest.typepad.com — If all it took was a bank holiday to get this market to rally, I'm sure government officials would have called one a long time ago! Today's gain of more than 11% in the S&P; 500 is the sixth best one-day gain in the index's history (since 1928). To ... (more) Back Above 1,000: S&P 500 Top Ten Days

Currencies

Tongan pa'anga

S&P 500

Comments vote downundo vote up World Beta - Engineering Targeted Returns and Risk found this 10/13/2008found this

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The $25.9 Trillion Global Equity Market "Correction"
EconomPic — Source: Bespoke Investment

Readings: -$26T, From long to short puts, Wednesday wonder
GalaTime — Bespoke: World Equity Market Declines: -$26,000,000,000,000 Blog Maverick: I’m Going Long Right Now I put 8 pct of my net worth in DIAmond puts at 11000, as a hedge, and just sold them at a very nice gain. Very nice. Now I’m short puts that I sold in not near as big a position, but nice. I’m going long. My first stomping grounds are MLPs. They have been getting killed. KILLED. ...

Thursday links: thought and choice
Abnormal Returns — ... The Lehman CDS unwind is coming.  (Big Picture) Want to get a handle on today’s markets?  Don’t watch the Dow, watch the TED spread.  (The Big Money) Previously closed hedge funds are opening up to new investors.  (Bull Bear Trader) Down $26 trillion.  That can’t be good.  (Bespoke) More indicators show a historically weak ...

Further reading
FT Alphaville — Elsewhere on Friday, - “The US and advanced economies’ financial system is now headed towards a near-term systemic financial meltdown …” - Why the ECB can’t fix Europe. - What G7/G8 leaders can do. - “Believe it or not, it is cheaper to i nsure the debt than pick up the pieces (in this environment) of losses on the credit default swaps.” - Sad guys on trading floors . - I want my $26 trillion back. - Dow drop , some technical analysis. - “The credit crisis is providing a rare chance for investors with sufficient cash to get ...