Book note: Apple ($AAPL) insiders are calling Becoming Steve Jobs: The Evolution of a Reckless Upstart into a Visionary by Rick Tetzeli and Brent Schlender the definitive biography of Jobs. (NYTimes)

Quote of the Day

"Right now it feels like Google is directionless and Facebook has all the momentum. It feels like Google could turn into the next Microsoft — a company with brilliant people and brilliant ideas that fails to deliver, sending the stock sideways for a decade."

(Jay Yarow)

Chart of the Day

During rising rates growth tends to outperform value.