- Two big anniversaries on the Street this week – tomorrow is one-year mark since Dow bottomed and Wednesday marks 10-year anniversary of Nasdaq Comp’s all-time closing high.
- Three vacancies currently exist at the Fed: two governors and a vice chairman. To find the proper candidates, FusionIQ CEO Barry Ritholtz offers his own “litmus test” for potential nominees.
- “This never was just a financial crisis,” Interfluidity blogger Steve Randy Waldman writes. “It was, and is, an economic and political crisis, and we are only a very short way down the path towards resolving it.”
- Some financial institutions are dangerously becoming “too big to save,” former IMF chief economist Simon Johnson says.
- “It may take longer to observe the full effect of continued mortgage delinquencies and foreclosures, but we are at about the point where the data would depart from the market’s ‘all clear’ expectations if credit pressures are likely to resume with force,” John Hussman says.
- James Hamilton considers a new financial conditions index that attempts to combine the information of 44 separate series for predicting real GDP growth.
- Government can and should create jobs, Mark Thoma says.
- Tim Geithner’s financial plan is working – and making him very unpopular. “We saved the economy, but we kind of lost the public,” Geithner tells The New Yorker. But MarketBeat wonders if Geithner’s stock is set to rise.
- Nasdaq Comp trading above pre-Lehman levels.
- Google’s testing a new TV programming search service with Dish Network, which runs on Android-powered TV set-top boxes and allows users to search content from Dish and the Web, WSJ reports.
- So much for all the drama surrounding ABC’s blackout on Cablevision. Academy Awards captures biggest audience for ABC in five years.
