Good morning. How much longer can this rally continue, without a 5% correction… (or more)
http://www.businessinsider.com/stock-market-rally-with-no-pullback-2013-5

Interesting chart by Goldman, showing that the rise in Japanese expected inflation is nothing but the tax hike

http://www.zerohedge.com/news/2013-05-13/goldman-pours-cold-water-inflation-expectations-japan

And are the Japanese indeed buying French bonds or not?

http://www.zerohedge.com/news/2013-05-13/we-found-other-greater-fool

I am not a firm believer of this ‘relationship’: higher utilisation rates do not always boost margins…

http://www.businessinsider.com/ubs-profit-margins-2013-5

Another European divergence chart…

http://ftalphaville.ft.com/2013/05/13/1497002/npls-and-lights-in-dark-places/

Earnings continue to get revised lower

http://www.businessinsider.com/chart-sp-500-negative-guidance-2013-5

‘cool’ chart on famine deaths broken down by region and decade. Africa is not as bad as I would have thought…

http://www.economist.com/blogs/graphicdetail/2013/05/daily-chart-10

And talking about Africa… Whether it actually related to television I am not sure, though

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/13/why-are-birthrates-falling-around-the-world-in-a-word-television/

Somehow I don’t believe this: where is the rise of internet…? I know I hardly watch tv anymore…

http://www.zerohedge.com/news/2013-05-13/how-average-american-adult-spends-24-hours-each-day

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