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

Earnings

European equities have rallied despite an ongoing drop in earning expectations.  (FT)

Speaking of down earnings, Q3 earnings in the US are likely to go negative year-over-year.  (Money Game)

HFT

Investors are leaving the stock market for reasons for other than errant algorithms. (Dealbook contra HuffingtonPost)

Another risk investors now need to consider: software risk.  (The Psy-Fi Blog)

Strategy

Americans are looking far and wide for safe haven assets.  (NYTimes)

In praise of emerging market dividends and the caveats.  (FT, Income Investing)

Economy

Is the election holding the Fed back?  (Tim Duy)

Crude oil still dominates consumer expenses.  (FRBSF via @researchpuzzler)

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