Good morning. On the negative side, certain stocks are already in bear market territory. On a more positive note: the broader market is still pretty close to its all-time high!

http://www.businessinsider.com/fbn-average-stock-in-bear-market-2014-5

Guardian “ECB: capital flight from Russia has hit $220bn“. Wow! That’s the size of a small economy…
http://www.telegraph.co.uk/finance/financialcrisis/10817511/ECB-capital-flight-from-Russia-has-hit-220bn.html

All the Best of Last week. Says me.

https://lukasdaalder.com/2014/05/09/best-in-economics-this-week-may-9/

Sell in May, not in stocks, but in High Yield bonds! It worked!

http://www.bondvigilantes.com/blog/2014/05/09/sell-may-go-away-work-european-fixed-income/

Interesting. But not very surprising, if you ask me.

http://www.ritholtz.com/blog/2014/05/weekend-reads-119/

The rise and rise and rise of debt…

http://www.zerohedge.com/news/2014-05-10/gold-cartel-and-giant-credit-bubble

Assuming that this chart is correct, it seems to suggest that hedge funds will go where commodities have gone: no longer interesting as an investment option….

http://www.zerohedge.com/news/2014-05-09/death-hedge-funds

And talking of hedge funds: take the smaller, younger ones, but only those that don’t do go bust…

http://ftalphaville.ft.com/2014/05/08/1845752/hedge-funds-fortunes-and-merit/

Some information on the international oil markets

http://www.zerohedge.com/news/2014-05-10/everything-you-wanted-know-about-global-oil-fundamentals-were-afraid-ask

And the schedules for the week ahead
http://www.calculatedriskblog.com/2014/05/schedule-for-week-of-may-11th.html
http://blogs.wsj.com/five-things/2014/05/09/5-things-to-watch-on-the-economic-calendar-16/

A complete overview of all previous editions of Best of the Web can be found herehttp://tinyurl.com/c8ge4c5. All links provided are collected from public websites, unless otherwise specified. I have not checked the data or information for accuracy used, and therefore do not guarantee that all data provided will be 100% correct. The links provided do not necessarily reflect my personal opinion and should be seen as general interest: oftentimes I do not agree with arguments presented, but nevertheless think it is worthwhile to read them. It is up to the reader to make up their own mind. Suggestions or discussions are more than welcome. Do not quote unless specifically cleared beforehand!