Another day, more YHOO takeover talk.

Alibaba and Softbank are looking for partners for an acquisition of Yahoo!






Prudential has raised its annual dividend by 26%.






One thing that has been ignored during the eurozone debt crisis is the rising geopolitical risk around the world.






Gold reversed massively.






Philadelphia Federal Reserve President Charles Plosser gave a speech today in which he said the central bank should adopt a 2% long-term inflation target in order to improve economic stability and accountability.

The speech should have no impact on risk markets.






Mr. Market continues to act well. There is every reason for the market to correct (Italian political situation, Italian bond yields higher, gold soaring, Greece a mess, European economic numbers softening, etc). But it only bends, it doesn't break.

One can almost feel that many investors (especially of a hedge-fund kind) are
offsides and underinvested, wanting to get in but unwilling to pay up.