Some of the more interesting and important items for May 27th :

• Costco 3Q profit rises 46 percent as sales climb (AP) – The consumer is alive and well
• Barton Biggs Says Stock Market Set to ‘Pop’ in Days – Not the first time of late this has been his commentary
• China Is Long-Term Investor in Euro Assets, Foreign-Exchange Agency Says – China saves the day!
• Barton Biggs Says U.S. Stock Markets Oversold, Set for `Big Pop’ in Days – This would be nice…
• Banks May Have to Mark Loans at Fair Value Under Accounting Board Proposal – Here we go again. Changing the rules….