Some things I’m reading this morning:

  • Morgan Stanley: here’s the chart that shows why stocks are in trouble (BusinessInsider)
  • What changed in the FOMC statement (AlephBlog)
  • A hint that Warren Buffet thinks stock prices may be currently too high (PragCap)
  • S&P 500 corrections in current bull market (Bespoke)
  • Ritholtz sees ‘major cyclical correction’ (TBP)
  • Household debt has fallen to 2006 levels, but not because we’ve become more frugal (Time)
  • Refining’s fortunes rise in the energy industry (NYT)
  • A profound shift in Mark Zuckerberg’s attitude toward FaceBook (BusinessInsider)
  • Denny’s heads to Middle-earth with ‘Hobbit’-inspired menu (LAtimes)
  • Hedge fund manager donates $100MM to Central Park (NYpost)