Arvy and I have discovered other hacking horrors and security lapses at HSBC. Here is an example of how careless my bank has been.

Scotland turned out to be canny and not so brave. The same can be said for Alibaba, which came out at the top of its estimated range, but not a penny higher and promptly rose ~40% on its 1st day in public trading.

The US is a piker on penalties for banking wrongs.. UBS had to post bail at euros 1.1 bn ($1.5 bn) before the Swiss bank's trial for aiding money laundering and tax fraud in France.

While StarMine data shows that Q1 results at small and microcap companies have missed estimates 56% of the time, large companies in Q1 were 52% likely to match or beat estimated earnings.

The usefulness of bank regulations has been thrown into question by the latest blooper, a mere $4 bn of potential capital charges which was discovered 4 years after their creation by Bank of New York Merrill Lynch.

Not only are the tarnished Biotech, Electric Vehicle, and Internet darlings at the centre of the latest pullback much smaller as a percent of the NASDAQ market cap (<25%)