News from the Blogosphere

No need to harp on about the Freddie Mac / Fannie May Bailout. What else is out there?

Trader's Narrative is of talk of a bottom in the Dow; it's a compelling argument.

Mish posts a bleak outlook on the job market. The retailing outlook for Q4 is the most telling.

Asian markets struggling with the post-bailout hangover. Although as of 6:20 am ET US futures point to a brighter open.

Today's data to add to the turmoil

CXO runs a piece on the futility of timing emerging equity markets

...very small numbers of extreme return days have a massive impact on long-term stock returns in emerging markets. The naive probability of predicting which days will be extreme is very low.

(Via Abnormal Returns). Citigroup recommends investors put 55% of their stock portfolio in foreign stocks. So, should foreign investors stay away from US stocks?

Barry reports a US recession probability of 95%. But Intrader's don't see this happening this year.

Headlinecharts reproduces a potential bottom marker by Mile Burke; Monday wasn't one such bottom.

(Via FT Alphaville) Throwing good money after bad...

(Via FT Alphaville). Fed action was good news for UK and Irish banks.

Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website