Good morning. It is clear what has been the main news item these past two weeks…
http://www.zerohedge.com/news/2014-07-31/wests-reckless-rush-towards-war-russia

Chinese economy seems to be gathering strength…

http://www.zerohedge.com/news/2014-07-31/china-pmi-jumps-2-year-highs-jobs-contract-27-months-japan-pmi-slips-jobs-worst-11-m

Cool overview of the defaults over the past two centuries from The Economist

http://www.economist.com/blogs/graphicdetail/2014/07/daily-chart-23

“The bull market without bulls” I also see a lot of bulls without accompanying bull markets, though…

http://www.bespokeinvest.com/thinkbig/2014/7/31/the-no-bull-bull-market.html

“Successful Investing Involves a Lot of Luck“ Comes without a comment.

http://www.fool.com/investing/general/2014/07/29/investing-luck.aspx

Nice overview! The lack of Europe is painful…..

http://www.ritholtz.com/blog/2014/07/the-billion-dollar-startup-club/

I didn’t check up on this but it comes with the title “ Fitch Warns High-Yield Default Rate Set To Jump”

http://www.zerohedge.com/news/2014-07-31/fitch-warns-high-yield-default-rate-set-jump

Very strong image…

http://www.ritholtz.com/blog/2014/07/each-dot-on-this-map-represents-an-act-of-terrorism-since-1970/

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