Here are seven (or so) links at 7AM Eastern.  We will see you later with the daily linkfest.  Good luck out there.

Markets

A look at 20 years of market volatility.  (@attitrade)

Defensive strategies badly lagged the summer rally.  (WSJ)

ETFs

Can retail and institutional investors peacefully co-exist in ETFs?  (FT)

On the dangers of self-indexing for ETF providers.  (IndexUniverse)

Europe

What to expect from the ECB on bond buying this morning.  (FT Alphaville, Money Game)

Why even more action from the ECB is unlikely to fix things.  (Sober Look)

The ECB is the new IMF.  (Gavyn Davies)

Perspective

On the difference between homage and rip-off.  (Daring Fireball)

If you want to buy a Warhol now is your chance.  (WSJ)

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