Cartoon.

Bloomberg keeps an index of Chinese Reverse Merger stocks. It looks exactly like you’d guess it would – down 50% year-to-date.

Some killer links for your reading enjoyment. Mangia!

There’s an ancient saying we have here on Wall Street that originated in the Old West: “When they raid the whorehouse, they take the piano player too.”

“There is no rational math that could possibly get anyone to the valuation Groupon thinks it deserves…”