Links worth investing in: Euro defence fund, private equity indices, the S&P 500 in bear territory and space age trains

Further reading for the weekend: a form of monetary default by the US might be on the cards and a lament from Ukraine

Factoids

Prowling bears in the US. The S&P 500 entered correction territory on Thursday, while the S&P mid-cap index is nearing bear market territory. Also note this comment from one leading broker in the UK, which was emailed to me on Wednesday : the 10% correction in the S&P since 18th Feb is the 5th fastest decline since 1950. In 5 of 6 fastest previo…