- Investment controls in Thailand scare the heck out of the emerging markets. The SET Index, Thailand's benchmark, plunged 15 percent, the biggest slide in 16 years. Stock indexes in Hungary, India, Indonesia, Malaysia, Mexico, Poland, Russia and Turkey all lost more than 1 percent. The Morgan Stanley Capital International Emerging Markets Index, which tracks 25 developing markets, fell 1.7 percent from a record to 880.23 at 12:47 a.m. in New York.
- And yes, I did have to edit that picture of Kobe Tai just a bit. Ahem. With "safe search" set to on, it's not easy to find a picture of her. And you certainly don't want to set "safe search" to off... Well, maybe that's a personal decision.
- The 10 Things You Need to Know, from Minyanville's Kevin Depew.
- Ah, the French troops had Bin Laden in their sites, but were told not to fire. Hmm.
- PPI came out today higher than expected, and Fed dude Richard Fisher said "Whoa, dudes! Inflation!" Calls himself a "party pooper" for suggesting that higher interest rates may be needed.
- I've closed out most of my small cap short-term trades. After a nice run, it seems as if they're reversing, churning, stalling, sputtering, etc. Just increasing the sideline cash for now. No reason to be the hero, Hiro.
- Donald Trump gives Miss USA Tara Conner a "2nd chance" for her "misbehaving" (underage drinking?) She's not fired!
