Three Black Swans

(1) Why are stock investors so complacent? (2) Is the soft patch getting softer? (3) When will it rain in Hunan? (4) Time for Greeks to sell the Acropolis? (5) Europeans muddling along with a second bailout for Greece? (6) Investors take comfort in profits, though margins may be nearing cyclical peaks. (7) A market for traders. (8) Several disturbing trends lurking in GDP data. (9) “Midnight in Paris” (+ +).