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Quote of the Day

"This ain’t no dotcom company, this ain’t no VC-funded fluke, music is forever. I can’t tell you whether investing will be profitable because we don’t know what the stock will be priced at, but one thing is for sure, Warner Music will never go down to zero."

(Bob Lefsetz)

Chart of the Day

Emerging markets continue to sink relative to the S&P 500.