The Big Picture

~~~ Source: Nine Fish With “Hands” Found to Be New Species National Geographic, May 24, 2010...

~~~ Source: The Phase of Reckoning”: Sovereign Debt Crisis Far From Over, Park Says Heesun Wee Yahoo Tech Ticker May 27, 2010...

10% monthly S&P declines are very rare – 30 out of 988 months (we’re right on the cusp as of yesterday’s close). Typically –...

Initial Jobless Claims totaled 460k, 5k above expectations and last week was revised up by 3k to 474k. The 4 week average rose to 457k...

Well, THAT was no fun. I seemed to have eaten something yesterday — breakfast and lunch from the same deli — that caused...

“Europe has been, and will be one of the major markets for investing China’s exchange reserves,” said SAFE, the State...

The WSJ notes that several of the biggest banks (Bank of America, Deutsche Bank and Citigroup) are lowering their net borrowings in the...

Another Buffett hypocrisy alert! This 1982 letter that inveighs against the use of index derivatives. Recenlty Buffett heavily lobbied...

Good Evening: U.S. stocks finished mixed again today, but the journey to unchanged was the mirror opposite of Tuesday’s action....

I never thought I would see this in my life time but: Apple is now worth more than Mister Softee. About $3 billion more. Here’s the...