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

Don’t expect an up Tuesday after a big Monday.  (Bespoke)

Trading stock market reversals isn’t easy.  (CXO Advisory Group)

James Montier on the attractions of cash in hedging tail risk.  (GMO also Pragmatic Capitalism)

Checking in on the UBS E-TRACS Daily Long-Short VIX ETN ($XVIX) six months in.  (IndexUniverse)

The US commercial paper market is rebounding.  (FT)

Market timers have abandoned gold while silver rolls over.  (Marketwatch, Bespoke)

Plans are afoot for a Brady-style Greek debt restructuring.  (FT, WSJ)

Meanwhile, nervousness abounds in Italy.  (FT Alphaville, Money Game)

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