Wall Street Roundup: Drooping bull. Hedge fund as cult.

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Gold: Trading now at $1,597 per ounce, up 0.5% from Friday. Dow Jones industrial average: Trading now at 12,333.28, down 1.2% from Friday.

Debt drag. Worries about European and American debt are overwhelming good earnings reports to send markets down.

Drooping bull. Goldman Sachs economists, once among the most bullish on the street, are once again reducing their forecast for U.S. economic growth.

Silicon Valley’s banker. A Morgan Stanley banker has been willing to go to all lengths -- including playing video games -- in order to maintain his position as Silicon Valley’s go-to banker.

Hedge fund as cult. The New Yorker takes a long look at Ray Dalio, the successful hedge fund manager who is known for his eccentric management methods.

-- Nathaniel Popper in New York