Friday morning! Let’s start counting hours:

• ‘If the Euro Falls, Europe Falls’ (FT)
• Cassidy: How Do Hedge Funds Get Away With It? Eight Theories (New Yorker) see also Why are Hedge Fund Assets Reaching All-time Highs? (All About Alpha)
• The Apotheosis of David Tepper (Reformed Broker)
• Millennials are not stock-market fans, but Charles Schwab sees them coming back -- eventually (The Tell) see also A Guide for Young People: What to Do With Your Life (ZenHabits)
• No, American Entrepreneurship Is Not Dying (fivethirtyeight)
• The Leaked NY Times Innovation Report Is One of the Key Documents of the Media Age (Nieman Lab)
• Five Horrifying Maps of America’s Massive Drought (Vox) see also If Your Food Was Genetically Modified, Would You Want to Know? (The Atlantic)
• “It’s not worth it anymore. I wish the Americans would stop with this legalization.” -- Mexican Pot Farmer (Liberty Blietzkrieg)
• The Ten Most Powerful New Cars With A Manual Gearbox (Jalopnik)
• The 21 Greatest Graduation Speeches of the Last 50 Years (Vox)

Any big plans for the weekend?

Bear Market Won’t Start Until Yield Curve Says So

Source: The Tell
Source: The Tell

To contact the author of this article: Barry Ritholtz at britholtz3@bloomberg.net.

To contact the editor responsible for this article: Alex Bruns at abruns@bloomberg.net.