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

ETFs above their 50 day moving averages are few and far between these days.  (Bespoke)

A twist on the put/call ratio.  (Market Anthropology)

Apple ($AAPL) stock is as cheap as it was at the depths of the recession.  (Asymco)

Bargain or value trap?  Name this company.  (Frank Voisin)

John Paulson locked in a pretty big loss on Sino-Forest.  (Kid Dynamite, Dealbreaker, FT)

German investor confidence is vanishing.  (Bloomberg)

Signs that Japanese supply disruptions had a bigger role in the current slowdown than previously thought.  (FT)

This recession has been characterized by a significant rise in structural unemployment.  (Felix Salmon)

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