Book review: Michael Lewis thinks Mervyn King’s new memoir The End of Alchemy: Money, Banking and the Future of the Global Economy could “might just save the world.”  (Bloomberg)

Quote of the Day

"The need to trade and make money, ironically, *feeds* a lack of confidence because it reinforces the notion that we're never good enough, we always have to do more and better."

(Brett Steenbarger)

Chart of the Day

Biotech ETFs have gotten crushed in 2016.