What I'm Reading Today:

• "Get Rich Slowly" posts "On-line Banking: 12 Choices for Higher Interest Rates and Increased Security".
• Mohamed El-Erian of PIMCO publishes his June 2009 Viewpoint "Beware of the 'Business as Usual' Mindset". "This year may well go down in the history books as combining the best of times and the worst of times for long-term investors keen to position their portfolios for high and sustained risk-adjusted returns over time."
• John Hussman writes in his Weekly Market Comment"The Outlook is Not Up But Very Widely Sideways". "We've seen a nice but predictably temporary lull in the mortgage reset schedule. We've seen a nice, typical recovery of just under a third of the market's prior losses. We've seen a nice easing from the frantic pace of job losses earlier this year. All of those have been pleasant, but it is a mistake to draw information from them. There is very little information content in mean reversion following extreme moves."