Here are seven (or so) links at 7AM Eastern.  Good luck out there today.

Chart of the morning

94% of S&P 500 stocks are trading above their 50 day moving average.  (@jackdamn)


A look at past market melt-ups.  (Global Macro Monitor, Bespoke)

The fear bubble has burst.  (Money Game)

Markets are acting as if this is the end of the Euro crisis.  (Market Anthropology)

If you were long and strong this entire move, congratulations.  (Dynamic Hedge)

You can’t trade these days unless you understand the “global government put.”  (Pragmatic Capitalism)


Should the downdraft at MF Global ($MF) make us nervous?  (NetNet, Felix Salmon, MarketBeat, Dealbreaker)

Hewlett-Packard ($HPQ) is going to stay in the PC business.  (Bits, Deal Journal, AllThingsD, WSJ)

Why Apple ($AAPL) is likely to make a TV and not just a box.  (SplatF, Daring Fireball)

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