Tom Peters said, "If you’re not confused, you’re not paying attention." If he hadn’t already thought of that one, somebody commenting on the markets last week could have had a first. Still, we’re heading into August, when the Wall Street A-team heads for the beach and the hills, come what may. This morning’s calm could well be the calm before the calm.

Whether the markets are only repricing risk, or repricing real assets, let us know what’s what. Just fire your finds into the Reply box from your laptop by the pool, and then get back to something important — like a good mystery novel and a cool drink :)