Overallotment: April 15

• Must read: NYSE chief cautions over low-volume March rally (FT, hat tip Jonah)

  "“The real money investors are still waiting. I think they’re waiting, they’re watching. They want to make sure that what we saw in March is real. And I think once they are convinced you will know it. The market will have a totally different tone to it.”

• Sound familiar? US foreclosure filings jump as moratoriums end (Reuters, hat tip Infiniti)
  http://www.reuters.com/article/topNews/idUSTRE53F0LG20090416
• China economy expands at slowest pace in a decade (Bloomberg)
• GM to finally study dropping Pontiac, GMC... when it should have studied this 4 months ago (Bloomberg)
• Capital One credit card losses exceed US unemployment (FT)
• Delphi faces deadline on GM aid (NYT)
• Fear, greed driving gun sales up (WSJ)
• Joe Steinberg of Leucadia, and Gary Convis of auto pennystock Dana love their private jets (NYT)
• AIG nears key $2 billion disposal (FT)