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	<title>Tom's Blog On Markets &#38; Investments &#187; Uncategorized</title>
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	<description>The Official Blog For Tom Davis</description>
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		<title>Will The Rally In Financial Stocks Continue? Is It Important? Part Two</title>
		<link>http://tom-davis.us/2009/05/19/will-the-rally-in-financial-stocks-continue-is-it-important-part-two/</link>
		<comments>http://tom-davis.us/2009/05/19/will-the-rally-in-financial-stocks-continue-is-it-important-part-two/#comments</comments>
		<pubDate>Tue, 19 May 2009 20:34:34 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Credit Markets]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[sector rotation]]></category>

		<guid isPermaLink="false">http://tom-davis.us/?p=50</guid>
		<description><![CDATA[It looks like the short answer to the question from last week is No, and, I continue to believe, Yes.  In a choppy and slightly down market the banks and insurance companies were down 3.5 and 2.3 percent, respectively, due to commercial property loan quality worries.
May 19 (Bloomberg) &#8212; U.S. stocks declined as banks fell [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Huge Derivatives Market Likely To Soon Be A Much More Efficient</title>
		<link>http://tom-davis.us/2009/05/14/otc-derivatives-likely-to-soon-be-exchange-traded/</link>
		<comments>http://tom-davis.us/2009/05/14/otc-derivatives-likely-to-soon-be-exchange-traded/#comments</comments>
		<pubDate>Thu, 14 May 2009 16:07:32 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Credit Markets]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://predictivemarkets.wordpress.com/?p=35</guid>
		<description><![CDATA[Bloomberg reports this morning (in a poorly written lead) that SEC Chairwoman Mary Shapiro wants to take OTC derivative trading onto an exchange.
Which, it has been discovered, in the case of corporate bonds, drives down broker/dealer trading profits.  But here&#8217;s how Bloomberg writes the first sentence.
U.S. regulators may impose the same price reporting and transparency requirements [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Broken Parts of Our Capital Markets, part one</title>
		<link>http://tom-davis.us/2009/05/01/broken-parts-of-our-capital-markets-part-one/</link>
		<comments>http://tom-davis.us/2009/05/01/broken-parts-of-our-capital-markets-part-one/#comments</comments>
		<pubDate>Fri, 01 May 2009 12:00:14 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Alternative Investments]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Credit Markets]]></category>
		<category><![CDATA[Stocks]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://predictivemarkets.wordpress.com/?p=29</guid>
		<description><![CDATA[This post could be a very long, but I&#8217;ll keep it short.  All I can do is chip away and start cataloging the most broken parts of our financial system.  Where do you start when there are so many candidates?  I&#8217;ve long thought that the rating agencies ought to be high on the list, and [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>&#8220;Ability To Forecast Results&#8221; Is #1 Concern of CFOs</title>
		<link>http://tom-davis.us/2009/04/30/ability-to-forecast-results-is-1-concern-of-cfos/</link>
		<comments>http://tom-davis.us/2009/04/30/ability-to-forecast-results-is-1-concern-of-cfos/#comments</comments>
		<pubDate>Thu, 30 Apr 2009 12:00:27 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[forecasting]]></category>
		<category><![CDATA[Prediction Markets]]></category>
		<category><![CDATA[predictive modeling]]></category>
		<category><![CDATA[scenario planning]]></category>
		<category><![CDATA[wargaming]]></category>
		<category><![CDATA[Wisdom of Crowds]]></category>

		<guid isPermaLink="false">http://predictivemarkets.wordpress.com/?p=32</guid>
		<description><![CDATA[So says the April, 2009 CFO magazine.  I guess this is not shocking news, given the economic and financial turmoil we have been through in the last year.  And anecdotal evidence from suppliers of  scenario planning services indicate demand is on the rise.  People specializing in predictive analytics and predictive modeling are certainly in big demand.
Uncertainty, [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>I Was Going To Ignore This&#8230;</title>
		<link>http://tom-davis.us/2009/04/29/i-was-going-to-ignore-this/</link>
		<comments>http://tom-davis.us/2009/04/29/i-was-going-to-ignore-this/#comments</comments>
		<pubDate>Wed, 29 Apr 2009 16:53:14 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Wisdom of Crowds]]></category>

		<guid isPermaLink="false">http://predictivemarkets.wordpress.com/?p=19</guid>
		<description><![CDATA[&#8230;sloppily written column putatively about the &#8220;dumbness of crowds&#8221; in the WSJ by Jason Zweig, but a friend recently emailed it to me with questions after I had presented on Prediction Markets to a crowd at The Society of Competitive Intelligence Professionals annual conference in Chicago last week.  As one commenter noted, trying to be zippy and [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Empty Creditors: How Goldman&#8217;s $7 billion was &#8216;not material.&#8217;</title>
		<link>http://tom-davis.us/2009/04/13/empty-creditors-how-goldmans-7-billion-was-not-material/</link>
		<comments>http://tom-davis.us/2009/04/13/empty-creditors-how-goldmans-7-billion-was-not-material/#comments</comments>
		<pubDate>Mon, 13 Apr 2009 22:18:23 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[CDS]]></category>
		<category><![CDATA[empty creditor]]></category>
		<category><![CDATA[insurance]]></category>
		<category><![CDATA[put option]]></category>

		<guid isPermaLink="false">http://predictivemarkets.wordpress.com/?p=13</guid>
		<description><![CDATA[It is great when the Journal publishes substantive articles about how a lack of market design can have detrimental consequences for market functioning.  Take this one from last Friday&#8217;s paper.  The author, law professor Henry Hu at the Univ. of Texas, reminds us that a bond is a contract with several discrete components that up [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Twelve Years Down The Drain</title>
		<link>http://tom-davis.us/2009/04/10/twelve-years-down-the-drain/</link>
		<comments>http://tom-davis.us/2009/04/10/twelve-years-down-the-drain/#comments</comments>
		<pubDate>Fri, 10 Apr 2009 19:46:48 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Prediction Markets]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Good Markets]]></category>
		<category><![CDATA[Market Failure]]></category>
		<category><![CDATA[Poor Markets]]></category>

		<guid isPermaLink="false">http://predictivemarkets.wordpress.com/?p=3</guid>
		<description><![CDATA[This WSJ opinion piece by Elizabeth Wurtzel yesterday was a bit of a rant, but one paragraph did catch my eye.
The Wall Street atmosphere &#8212; in both law offices and investment banks &#8212; is not open to dissenting opinion. If you blow the whistle, it&#8217;s only to hail a taxi to take you away, because [...]]]></description>
		<wfw:commentRss>http://tom-davis.us/2009/04/10/twelve-years-down-the-drain/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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