Sum of All Fears

There’s been a steep decline in the “optimism” of investors since February, particularly in the non-retiree segment.

Tales from the Soft Patch

Charts are rolling over, the economic data is rolling over and no one yet knows how abruptly the effects of QE2’s wind-down may manifest themselves.

June 4th, 1989

Today is the anniversary of when a lone protester, henceforth known as the Tank Man, stood down four tanks in Tiananmen Square in 1989.