Good Morning. Still one of the best charts out there: the almost-always-too-optimistic-expectations of analysts
http://www.businessinsider.com/wall-street-earnings-expectations-errors-2014-1

Yesterday’s news, but pretty important: the divergence of France with the rest of Europe

http://www.zerohedge.com/news/2014-01-02/futures-unhappy-first-trading-day-2014

Day to day price development of the Dow, averaged from 1897…

http://www.crossingwallstreet.com/archives/2014/01/the-dows-average-year.html

2013 was a record year for bond issuance from Emerging Markets

http://blogs.ft.com/beyond-brics/2014/01/02/em-bonds-a-record-2013/#axzz2pJNJ9Ayi

But it has not just been Emerging markets: “Companies Sell Record $1.111 Trillion of Bonds in 2013”
http://online.wsj.com/news/articles/SB10001424052702304361604579292453595212672

Which raises an interesting question though: how can leverage (bottom-left chart) have been declining? (in other words, what has net issuance been?)
http://www.businessinsider.com/jp-morgan-funds-q1-guide-to-the-markets-2014-1#jp-morgan-funds-q1-guide-to-the-markets-6

Interesting poll outcome. I am interested to know what 60% does think is a good way to grow assets…

http://www.gallup.com/poll/166562/investors-not-sold-stock-market-wealth-creator.aspx

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