Friday 7atSeven: the correction camp

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

Is the correction camp too crowded?  (Global Macro Monitor)

So much for the idea that high priced stocks need to split.  (Bespoke)

Expect more Internet IPOs in the wake of Facebook.  (WSJ)

The Global X Social Media ETF ($SOCL) is likely misnamed.  (Bloomberg)

Crude oil markets are anxious as the market spikes on Saudi rumors.  (FT, WSJ)

Auto sales are tracking ahead of expectations.  (Money Game, Rortybomb, Calculated Risk)

On the false distinction between normative and positive economics.  (Slate)

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