We published an early edition of the linkfest this morning focused on yesterday’s “flash crash.”  (Abnormal Returns)

Bullish adviser sentiment is on the wane.  (Marketwatch)

The TED spread is widening out once again.  (MarketBeat)

Market fragmentation and the need for a transaction tax.  (Bloomberg also Felix Salmon)

Yesterday demonstrates the fragility of the “shadow liquidity system.”  (Infectious Greed)

Have we created a financial system too fragile for its own good?  (Justin Fox)

Technology is making markets more difficult for individuals, not less.  (Market Blog also Minyanville)

How cheap (or not) are stocks?  (Economix)

A mutual fund that acts like a private equity firm.  (DailyFinance)

Expect volatility if you invest in Superfund.  (FINalternatives)

Euro money markets are tightening up.  (WSJ, Bloomberg)

American consumers are worried about inflation.  (Systematic Relative Strength)

Unemployment rate aside, finally a good employment report.  (WSJ, Economix, Capital Spectator, Calculated Risk, Bespoke, EconomPic Data)

The broader unemployment rate remains elevated.  (Real Time Economics, Economix)

Stephen Lea, “There is no economy without psychology, so there can be no economic recovery without psychological recovery.”  (New Scientist)

Europe blamed the US for the financial crisis.  The shoe now is on the other foot.  (WashingtonPost)

The UK votes.  Markets freeze.  (FT Alphaville, MarketBeat, Business Insider)

You knew this was coming.  Goldman Sachs ( GS) talks settlement.  (WSJ, DealBook)

Greenspan’s arrogance helped fuel the eventual financial crisis.  (Bloomberg)

Is it time to consider a good bank/bad bank solution for Fannie and Freddie?  (FT also Deal Journal)

Nouriel Roubini’s new book on the crisis gets a rave review.  (NYTimes)

Private equity investors are pushing back on fees.  (Economist)

Has Apple (AAPL) lost its cool?  (Apple 2.0)

The technology steamroller that is Apple.  (Jubak Picks also SAI)

Dr. Brett, “It is rare to find activities that reward you financially for your growth and development as a human being. That is one of the great appeals of trading.”  (TraderFeed)

How leaderboards can develop healthy engagement.  (HBR)

On Twitter, followers doesn’t equal influence.  (HBR)

Cubs+Toyota=Trouble.  (Bloomberg)

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