Daughter: Daddy, why there is a big bear on the quarter?
Dad: Because there are a lot of grizzly bears in Alaska, honey.
Daughter: Can I buy a bear in a bear market?
Dad: Honey, a bear market means the stock prices in the stock market are falling, they don't trade bears in the stock market.
Daughter: Can the Governor of Alaska bring us a real bear market?
Dad: I guess not, but may be she can put lip stick on a bear.
Daughter: Will that makes the bear a pig?
Dad: No, it is still a bear.
Magnus: China Must Reform or Bust - China's debt markets are looking more and more like the West, circa 2007. And it's not clear the government can intervene as successfully.
1 hour ago