Bad news is already priced into the British pound, but there could be more.
Showdown vote approaches in June.
Too big and too sudden devaluation would spook investors.
Hedge fund manager Kyle Bass turns his attention from Japan to China.
It's at a 3-year low and the erosion appears to be accelerating.
Why do we feel the need to know the reasons behind every move in the market?
Japan has no hope that its newly created yen will be borrowed, sold for dollars and lent into the U.S. Treasury market.
Even if it means a stronger euro, a dovish Fed is better for markets.
ECB's Mario Draghi may expand the QE program, but how much difference would it make?
This would have important ramifications in several areas.

Columnist Conversations Interesting panel on media now.
Greenlight's Einhorn targets Caterpillar as a short. And I agree.
Tesla estimates that capital spending will be about 50% higher than expectations. Could this result in a bond/...
Will a TSLA financing be announced coincident with EPS tonite? Stay tuned!


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