Mark Hulbert writes about a new study that has found that over the long term, stocks dropped from an index generally outperform those that are added. The study is entitled “The Long-Term Impact from Russell 2000 Rebalancing.”
Google recently announced it is provding free, real-time quotes on NASDAQ securities. I suspect that it won’t be long before there are free real-time quotes for all securities on the other major exchanges.
Alphaville reports that Lehman is not doing so well and people are starting to lose confidence in it once again. Lehman might soon go the way of Bear Stearns.
Mish writes about more evidence that shows we are in a recession, namely pointing to a NYT article describing how state and city government have not yet cut back on their budgets. When budgets are cut back, the economy will worsen.
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