Saturday

• Barron's: the cash held by its top ten firms equals close to ten percent of the market capitalization of the Nasdaq 100.
• Also in Barron's: Hovnanian is still a total dog; "there has been no information from Hovnanian to support the price rise".
• Tyler Cowen on the elderly: "The real question about our fiscal future is not Republicans vs. Democrats but rather whether any coalition can limit benefits to older people."
• Atlantic on MBAs: "[E]ven 20 years later, the average salary of a class that graduated into a bear market was still lower than those of classes that had graduated into an equity boom..."