And the place to IPO is...

From the Financial Times

World Perspective / Photo - 7 [Bull vs. Bear]

Excerpt from a letter in Financial Times:

"[Mehmet Aksoy's] monolithic stone sculpture is before the Istanbul stock exchange represents more closely the reality of the market.  The brawny bull is arrested on the cantilevered upward slope by the snarling maw of an angry bear.

The bull's stance is one of cautious respect, the bear's on the other hand forms a volatile cloud with a clawed paw carved as a concave negative shape at the apex of the bull's upward path."

Mohamed El-Erian

Mr. Mohamed El-Erian, CEO of PIMCO is someone I have listened to closely when it comes to understanding investments in global markets.

"As a group emerging markets have become stabilizers in the system, old days we thought of them a disruptor."

See the video here.

USA - 25% Market Losses in 2 months?

Friend Mr. Brian Wade forwards an article fromt the Wall Street Journal discussing why the market has dropped 25% in the last two months here. The article asks the question below and answers it:

"So what has happened in the last two months? The economy has received no great new outside shock. Exchange rates and other prices have been stable, and there are no security crises of note. The reality of a sharp recession has been known and built into stock prices since last year's fourth quarter."