
What I'm reading this morning:
- European stocks heading lower again this morning (MarketWatch)
- IBM is collapsing (Business Insider)
- Did Dodd-Frank destroy market liquidity by over-regulating the brokers? Volcker and Frank weigh in. (Bloomberg)
- Are the pros capitulating? (See It Market)
- How much of the recent sell-off was caused by excessive leverage? (Bloomberg)
- Kevin Roose's interview with Marc Andreessen is great (New York Magazine)
- Cullen Roche is reminded by this month's volatility of why he loves the stock market (Pragmatic Capitalism)
- Larry Swedroe: How should asset allocators think about valuation? (ETF.com)
- Krugman's not a fan of what Amazon's "monopsony" does to the economy (New York Times)
- Goldman is now the biggest backer of the GOP on Wall Street (MoneyBeat)