Market news: Monday's reading list

Here are some of the news items and blog posts that I'm checking out today.

We've got: political drama and executive defections at GM, AIG gifts profitable trades to the major banks, a look at the recent stock market rally, and more. Have a look.

1. Obama says GM, Chrysler have last chance to survive - Bloomberg.

See also: Obama gives GM, Chrysler ultimatums; GM's Wagoner to resign - Greentech Media.

2. Bear Market Rally - Carl Swenlin.

3. Market bottom? "Follow the Money" - Janice Dorn, Trading Doctor.

4. AIG was responsible for banks' profitable months - Zero Hedge.

See also: AIG funnels taxpayer funds to counterparties - Finance Trends.

5. Bankruptcy is economic stimulus - Ron Paul.

6. Revisiting the global savings glut thesis - Doug Noland.

7. The Dangers of Printing Money (photo essay) - Time.

8. Giving in on mark-to-market accounting rules - Bear Mountain Bull.

9. Taken for the ride of our life - Best Minds Inc.

In addition to the above articles and posts, you may also want to check out our weekend posts (Dambisa Moyo on Charlie Rose and "Speaking Truth to Power") if you haven't already. Cheers.

Nasdaq credit rating junked.

S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .

Clean Money - John Rubino: Book review

Clean Money by John Rubino 274 pages. Hoboken, New Jersey John Wiley & Sons. 2009. 1st Edition. The bouyant stock market environment of the past several years is gone, and the financial wreckage of 2008 is still sharp in our minds as a new year starts to unfold. Given the recent across-the-board-declines in global stock markets (and most asset classes) that have left many investors shell-shocked, you might wonder if there is any good reason to consider the merits of a hot new investment theme, such as clean energy. However, we shouldn't be too hasty to write off all future stock investments. After all, the market declines of 2008 may continue into 2009, but they may also leave interesting investment opportunities in their wake. Which brings us to the subject of this review. John Rubino, author and editor of GreenStockInvesting.com , recently released a new book on renewable energy and clean-tech investing entitled, Clean Money: Picking Winners in the Green Tech Boom . In Clean ...

Seth Klarman: Margin of Safety (pdf)

Welcome, readers! Signup for free email updates at the Finance Trends Newsletter . Update: PDF links removed due to DMCA notice. Please see our extensive Klarman book notes below. New visitors, please check the Finance Trends home page for all new posts. Here's something for anyone who has been trying to get a look at Seth Klarman's now famous, and out of print, 1991 investment book, Margin of Safety . My knowledge of value investing is pretty much limited to what I've read in Ben Graham's The Intelligent Investor (the book which originally popularized the investment concept of a "Margin of Safety"), so check out the wisdom from Seth Klarman and other investing greats in our related posts below. You can also go straight to Ronald Redfield's Margin of Safety book notes . Related posts: 1. Seth Klarman interviews and Margin of Safety notes 2. Seth Klarman: Lessons from 2008 3. Investing Lessons from Sir John Templeton 4. ...

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