My afternoon reads:
• Epic Stock Rally Finding Few Fans (WSJ) see also Hong Kong Fear Index 41% Above VIX on Slowdown: China Overnight (Bloomberg)
• Last Chance to Pay 0% Tax Rate on Gains (Smart Money)
• Facebook Director Stock Sales Top $1 Billion as Lock-Up Ends see also Is it finally time to buy Facebook? (No) (Market Watch)
• U.S. corporate earnings point to further gloom (Reuters)
• Niall, the British Empire is over. Accept it. (Noahpinion) see also Niall Ferguson Has Been Wrong On Economics (Business Insider)
• Moody’s, S&P Must Face Fraud Claims in Subprime Suit (Bloomberg)
• Regulator Says Broker Audits Fail to Include Required Work (NYT) see also PCAOB Issues Report on the Interim Inspection Program for Broker and Dealer Auditors (PCAOB)
• Buffett’s Move Raises a Red Flag (WSJ)
• Apple Becomes the Most Valuable Public Company Ever, With an Asterisk (NYT) see also Could Apple TV Cut Your Cable Bill? (Smart Money)
• Henry Rollins’ 3 Rules For Success As An Artist/Entrepreneur (Big Think)
What are you reading?
Buffett’s Move Raises a Red Flag
Source: WSJ
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