The merchants of Venice

Asian markets were down overnight as Europe’s opening was met with resistance, falling 1% on average in the first hour

US futures market is up slightly on dollar weakness, but I don’t think that will hold as we get closer to the bell.

Begin broken record. Weak economic data besieged the markets again today, as recessionary fear is gripping financial stocks globally.

US banks are teetering as liquidity dries up and both debt and deals are yanked.


Walking the streets of Venice during Carnival it appears the entire city is 50% off retail.

Each shop has discount signs in window — at the height of the tourist season. While it may be a gimmick, the prices charged are on par with depressed US costs for the item.

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