Systemic risk rises: correlation hits new highs: Sam Jones is really good on this stuff.
Apple Shares Rolling Downhill: "As of Feb. 12, Apple shares had dropped 36% since the beginning of the year. Research In Motion had lost less than 20%, despite a widespread service outage for its BlackBerry e-mail devices. HP has shed less than 14% this year. Shares of bellwethers Cisco Systems, Intel, and Google have also held up better than Apple since the start of the year. "
Bradford & Bingley’s funny numbers: Their pro-forma results "exclude certain items resulting from strategic decisions". ‘Cos of course investors wouldn’t be interested in how those strategic decisions were working out.