Thanks for checking in with us for seven a ton of links at 7AM Eastern.  Good luck out there.

Quote of the morning

Eddy Elfeinbein, “Bond yields are very low and stock valuations are cheap. This panic will pass.”  (Crossing Wall Street)


Even the strongest tech stocks, like Apple ($AAPL) got crushed yesterday.  (AllThingsD)

By most measures the VIX is very extended.  (VIX and More)

The emerging markets bloodbath.  (beyondbrics)

This market is missing the widespread financial stresses of 2008.  (Capital Observer)


Watch gold and Treasurys as a market tell.  (UpsideTrader)

What does a huge sell imbalance on the close imply for the market.  (Dynamic Hedge)

Keep an eye on money market fund redemptions.  (FT Alphaville)


Sell bonds, buy stocks.  (Felix Salmon, Money Game)

Why didn’t the stock market go up yesterday?  (Cheap Talk via EV)

Big declines happen in the stock market.  Get used to it.  (Bucks Blog)


2011 is not simply a repeat of 2008.  (WSJ)

It is clear the financial crisis never really ended.  (Economix)


Why haven’t high yield bonds gotten hurt worse in the sell-off?  (Distressed Debt investing)

Muniland is waiting to take its medicine.  (Reuters)


Bank of America ($BAC) may need equity capital.  Too bad they didn’t think of that earlier.  (Deal Journal)

Why short the Euro when you can short European banks?  (FT)

The banks are better situated than they were in 2007, but the stocks are still getting killed.  (WSJ, FT Alphaville)

The Fed

So much for the wealth effect.  (Pragmatic Capitalism)

An FOMC preview.  (Calculated Risk)

How the Fed could lower long term interest rates.  (FT Alphaville)

Earlier on Abnormal Returns

What you missed in our late Monday carnage recap.  (Abnormal Returns)

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