We want to wish all of our readers a happy and healthy Fourth of July. Don’t believe all the hype about record Wall Street bonuses.  (The Big Money) Taking a longer term look at implied volatility.  (Barron’s) Bond default rates continue to...

Goldman Sachs (GS) says talk of record 2009 bonuses is premature.  (Clusterstock, ibid) What do average sector correlations tell us about future market performance?  (Aleph Blog) How aggressive are ETF providers in their proxy voting? ...

First half asset class performance in perspective.  (Capital Spectator, Economist) “Equity investors’ hope should be that the ennui continues until the economic news catches up with the rally.”  (Breakingviews also Market Talk) Another measure...

The econoblogosphere was set abuzz by an article by Eric Martin and Michael Tsang at Bloomberg.com that documents the high correlations of late between risky asset classes.  (You can read reactions from Clusterstock, FT Alphaville, Fund My Mutual...

The Achilles heel of the endowment investing model:  a “lack of true diversity.”  (WSJ, ibid) Does the “golden cross” in the S&P 500 provide any sort of edge?  (Trader’s Narrative) What happens for the rest of the year after the Nasdaq outperforms...