The Financial Times ran a good synopsis of a report released by the Boston Consulting Group on Monday. The report measures the impact of the internet on the GDP of countries in the G20, and it reminded me of a conversation I had a few months back with Richard Kang, CIO of Emerging Global Advisors.
One of the most respected equity strategists on Wall Street is laying out exactly which U.S. stocks are exposed to euro risk — and which can actually prosper if the European process fails to rescue the shared currency.
Yahoo is testing the $16 level again this afternoon as even once-bullish analysts acknowledge that digging its way out of its dispute with Alibaba is going to be tough.
It looks like a very high-profile dispute over corporate governance issues is not what momentum-sensitive stocks need when they already look more than a little expensive.