What the world is doing on Thursday.

The public choice of higher French tax rates in which Hollande, French presidential candidate proposes a maximum tax rate of 75% on incomes above one million Euros (about Six crore rupees). The public seems to support him. There will be about 3000 people in France who have such incomes, of which 120 to 150 are footballers.

Silver may be topping out, also suggesting that markets are vulnerable. A detailed analysis of the relationship between Silver, world events and equity prices suggests that Silver may have made a short term top and so have equity markets.

Robert Shiller says this might be the end game in U.S. housing prices. Shiller, who called the top in American housing, now says that the market may be bottoming out. U.S. housing has been a big contributor to the economy, so this is probably good news for the markets.

Return of the Bear in which blogger Jeff Carter wonders if the recent rally was a bull move in a longer bear market. He seems to think it was.