Hot Links: Tomato and Basel III

Stuff I’m Reading this Morning…

Futures race higher on a positive reaction to the Basel III bank rules.  (Bloomberg)

But once we hit the top of that trading range, then what?  (MercenaryTrader)

Speaking of Basel III, FT’s got a giant roundup of all the analyst reactions.  (FTAlphaville)

What happens to Goldman partners when they are de-partnered?  They are put to sleep like dogs, apparently.  (NYT)

Mutual fund managers are holding their lowest cash levels ever – all in.  (PragCap)

I loved this story about the traders who only work the open and close, go to museums during the day.  (WSJ)

Howard Lindzon: Where my bulls at?  (HowardLindzon)

Thomas Friedman on it may be the fault of disinterested students that the US is now ranked number 11.  (NYT)

But Humble Student blames short-term thinking and neglect for America’s ills.  (HumbleStudent)

Pennsylvania bails out its capital city Harrisburg.  Let the muni bailouts begin!  (DealBook)

The higher probability bet on housing prices is that the worst is behind us.  (TBP)

The winners at last night’s MTV VMAs (hint: it wasn’t the audience) (RollingStone) and the “wildest moments”.  (USWeekly)