Good morning. US stocks are expensive. It appears that I am not the only one who is not impressed…

http://www.bespokeinvest.com/thinkbig/2014/5/21/some-high-multiple-stocks-on-the-rebound.html

Solar is going mainstream. Well in California, it is.
http://www.thedailybeast.com/articles/2014/05/20/solar-panels-now-being-offered-as-a-prebuilt-feature-in-california.html

China PMI is out. Better than expected but still below 50

http://www.zerohedge.com/news/2014-05-21/pmis-confirm-china-and-japan-economies-contraction

Saving in China: why is it so high? The traditional arguments seem to fail…

http://www.voxeu.org/article/why-are-savings-so-high-among-young-urban-china

An article on value investing and why it might have done less good in recent years

http://greenbackd.com/2014/05/19/value-versus-the-market-since-2008-spy-iwv-iwm-iwb-the-magic-formula-effect/

Just so you know.

www.businessinsider.com/is-bernanke-secretly-still-conducting-monetary-policy-2014-5

Ah yes, Financial centres in the world… What would have been the green line rising sharply in 2011 though?

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/05/21/d-c-is-a-bigger-financial-powerhouse-than-shanghai/

The deadliest animal in the world?

http://www.ritholtz.com/blog/2014/05/behavioral-test-what-are-the-worlds-deadliest-animals/

Useless information on the happiness of various countries. Luxembourg is the odd one out: richest country of the world, but happy…?

http://www.businessinsider.com/happiest-countries-2014-5

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