KKR just said on Bloomberg that it is considering dropping out of the bidding group for Seagate.
10-Year Yield Rises
The yield on the ten year U.S. note has risen smartly (by nearly 40 basis points) over the last month.
I would expect some backing and filling in TBT over the short term now.
Run, don't walk, to read Bill Gross's complete commentary for November, 'Run Turkey, Run.'
Quote of the Year
Bill Gross delivers a doozy!
As we move ever closer to the midterm elections, here is my vote for quote of the year!
It's from Bill Gross on the forthcoming election as highlighted in a recommended reading post this week.
"This isn't a choice between chocolate and vanilla, folks; it's all rocky road: a few marshmallows to get you excited before the election, but with a lot of nuts to ruin the aftermath."
Apartment REITs Priced to Perfection
The apartment REITs are priced to perfection.
Check out David Pogue's downbeat review of the MSFT phone, "A Phone of Promise, With Flaws," in The New York Times.
Finally, Knowledge@Wharton gives the Wharton School's take on what's next for the housing market.