Caught In A Cyclone…
Hundreds Missing After China Ship Carrying 458 Capsizes Source: http://www.bloomberg.com/news/articles/2015-06-01/china-races-to-rescue-passengers-from-capsized-river-cruise-ship
And They Say There’s No Bubble…
An Art Flipper Made 220% on This Painting in Six Months Source: http://www.bloomberg.com/news/articles/2015-06-02/art-flippers-target-masterpieces-as-french-painting-gains-220-
Greek Standoff Takes Another Twist as Dueling Plans Are Drafted
Source: http://www.bloomberg.com/news/articles/2015-06-02/creditors-said-to-be-wrapping-up-greece-proposal-today
A 99-Year-Old Wall Street Veteran Reveals Secrets of Her Success
As she nears 100, Irene Bergman has some advice for enjoying a long career on Wall Street: Don’t do anything stupid. Read more: http://www.bloomberg.com/news/articles/2015-06-02/a-99-year-old-wall-street-veteran-reveals-secrets-of-her-success
Required Reading Of The Day
Small Group of Doctors Are Biggest Medicare Billers – WSJ French Minister Wary on Iran Nuclear Deal – WSJ Gold Gains Allure as U.S. Economy Stumbles – WSJ Buffett Auction Draws $1 Million Bid, Exceeding 2014 Pace – Bloomberg Olive Garden’s Hedge Fund Bosses Waited Tables to Aid Turnaround – Bloomberg Oculus VR’s Surreal Vision…
Charts Of The Day: If you want to play with the no sales biotechs – be prepared for anything!
Charts courtesy of Stockcharts.com No positions
The Winners & Losers Of The Fed’s QE
The jury’s still out on how history will treat the Federal Reserve’s unprecedented stimulus program. After the central bank pushed its main policy rate to zero in December 2008, it started buying hundreds of billions of government debt and mortgage-backed securities to keep longer-term interest rates low. That became known as quantitative easing. The real punch…
OPEC Meeting Later This Week
OPEC expected to leave crude oil output unchanged, showing how cartel’s power to sway prices has ebbed Source: http://www.wsj.com/articles/opecs-pricing-leverage-is-weakening-1433117819
U.S. Drug Shortages Frustrate Doctors, Patients
Drugs in short supply include cancer treatments and antibiotics; manufacturing snafus Read More: http://www.wsj.com/articles/u-s-drug-shortages-frustrate-doctors-patients-1433125793
Required Reading Of The Day
Are You ‘Over-Exposed’ Online? Lessons From IRS Hack – Fox Business A Game Changer in Cancer Treatment – Fox Business FOX Business Network’s New Line-Up – Fox Business Macau’s Casino Revenue Drops 37% Bloomberg Beau Biden, son of U.S. vice president, dies at 46 – Fortune This 1958 Fortune article introduced the world to John Nash and…