Business

For the first time ever, the number of market indexes now exceeds the number of U.S. stocks...

By Chris at www.CapitalistExploits.at

What in God's name is happening?

It's not a high.

It's a record high.

Sweet mother of Mary...

As we can see from the above chart courtesy of the FT, emerging markets sold a record amount of government debt in the first quarter of this year.

More from the FT here:

The percentage of new car 'sales' moving off dealer lots via leases has nearly tripled since late 2009 when they hit a low of just over 10%.  Over the past 6 years, new leases, as a percent of overall car sales, has soared courtesy of, among other things, low interest rates, stable/rising used car prices and a nation of rental-crazed citizens for whom monthly payment is the only metric used to evaluate a "good deal"...even though leasing a new vehicle is pretty much the worst 'deal' you can possibly find for a rapidly depreciating brand new asset like a car...but we digress.

Readers are familiar with the various microwave and laser arrays located at the real New York Stock Exchange in Mahwah, New Jersey, both of which we have written about in the past.

Microwave tower located next to the NYSE in Mahwah, NJ.