Thanks for checking in with us for seven links (give or take) at 7AM Eastern.  Good luck out there.

All signs point to an oversold market.  Time to bounce?  (ZorTrades)

One year out earnings estimates for the S&P 500 sit at $107.50.  (Dr. Ed’s Blog)

With the end of QE2 expect investors to keep pulling back  on margin.  (Pragmatic Capitalism)

Spread trade idea:  ACE Ltd. ($ACE) vs. Chubb ($CB).  (Dynamic Hedge)

Weaker transportation stocks imply lower oil prices.  (Global Macro Monitor)

There are few signs of financial stress, including repos, at this point.  (Carpe Diem, FT)

Fitch is not going to be the first rating agency to downgrade the USA.  (FT Alphaville, ibid)

The SNB is sick of seeing the Swiss franc appreciate.  (FT Alphaville also The Source)

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