Ukraine Separatists Seize Another Local Government Headquarters; Two Points of View; EU Expands Sanction List by 15
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Greenlight Capital hedge fund manager Einhorn Shorting Tech as ‘Cool Kid’ Stocks Show Bubble . Greenlight Capital Inc., the $10.3 billion hedge-fund firm run by David Einhorn, said it was betting against a group of technology stocks as evidence grows of a bubble.“There is a clear consensus that we are witnessing our second tech bubble in 15 years,†the New York-based firm said in a quarterly letter to clients today. Greenlight said that companies it’s betting against may fall by at least 90 percent “if and when the market reapplies traditional valuations,†according to the letter, a copy of which was obtained by Bloomberg News.
China Manufacturing Output and New Orders Contract Once Again Chinese manufacturing remains in contraction for 2014. Output and new orders were down for the 4th consecutive month, but at a slightly reduced pace according to the HSBC Flash China Manufacturing PMI .
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Read the original post: Illinois Madness Never Stops; House Committee Wants Taxpayers to Spend $100 Million on Barack Obama Library