Today we consider a way to play cheap fuel prices which directly offsets one of our oil plays. Plus, we plan to take the train. And we report on global energy, pharma and food stock happenings.

While trading was up by volume by about 4% y-o-y, it rose 18% by value to $1.8 trillion, barely more than the new issues volume. Almost all the increase was in London where the most traded DR in the world has its home.

The multinational merger mania continues apace with a new higher Pfizer bid for Astra Zeneca of Britain, based in part of tax benefits to PFE, and AT&T shifting its global assets to better its chances with its bid for NexTV,

Alibaba note 2: Tencent for $187 mn has bought 11% of the Shenzhen-listed shares of NavInfo, a maker of mobile map aps. There are rumors it will buy the rest and block Baidu's access, just as Alibaba has blocked its dealing with larger rival AutoNavi. TCTZF shares are up 6%+ on the news.

Wall Street is up and rising to highs. At reader insistence I am making further 2014 forecasts today

A guide to buying Yankee bonds, which to buy and which to avoid.