Some of the more interesting and important items for May 21st :
- A Downgrade by Fitch Leads to a Decline in Greek Bonds – NYTimes.com – Greek bonds led declines among euro area nations on Friday on concern a restructuring of its debt would reignite Europe’s sovereign debt crisis.
- Russell 2000 Index Points To Further Correction | Markets | Minyanville.com – As the often weaker summer months for stocks are fast approaching and the broader market has given up some gains recently, I wanted to take a look at how the small cap stocks are faring. What I found is no less than four neutral to bearish indications.
- Bulls may be ready to head for the exits Hulbert Financial Files – MarketWatch – Is the bull market at its peak? Mark Hulbert says Wall Street might be signaling it's all downhill from here. And, it seems like investors would rather pick through the junk yard than buy quality stocks.
- Is LinkedIn Already Tapped Out? – Barrons.com – The wild reception for LinkedIn's initial public offering last week evoked the dot-com bubble of the late 1990s, when dozens of dubious Internet companies surged following their IPOs, often attaining multibillion-dollar market values, only to crash when they ran out of money or couldn't meet Wall Street's expectations.
- China Rare-Earth Exports Rise – WSJ.com – BEIJING—China's exports of rare-earth ores and metals in the first four months this year rose 33% on year to 18,614 metric tons, even as Beijing orders drastic cuts to the country's rare-earth exports, customs data supplied by Hong Kong-based Economic Information & Agency showed Saturday.
- Google Was Warned on Rogue Drug Ads – WSJ.com – WASHINGTON—Google Inc. was warned repeatedly by a group of state regulators and industry watchdogs that many of the online drugstores advertising on its network were violating U.S. laws, according to interviews and documents reviewed by The Wall Street Journal.
- Rising dollar threatens stocks’ gains | Reuters – (Reuters) – Signs of a Wall Street sell-off are all over the place, but U.S. stocks might well survive another week relatively unscathed if investors keep betting on sectors less vulnerable to an economic downturn.
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