Elsewhere on Wednesday,
- Banking spin.
- “The last, and perhaps the biggest, bubble of them all…”
- “They flogged them the car, and now they’ve successfully fleeced them for everything else as well.”
- How MS and GS may be impacting hedge funds.
- “GM, the line goes, is sort of an automotive Lehman Brothers…”
- The perfect storm of investment theses.
- The VIX has no causal power.
- The bearish consumer confidence-bullish stock market reversals connect.
- “Take the Social Security Trust Fund balance out of Treasuries and move it into equities.”
- Presenting the, err, banker of the year.