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

The equity markets are at a fork (2008 or 2010) in the road?  (Global Macro Monitor)

Is the liquidation phase over?  (Doug Kass)

The Dow Jones Transport index is 25% off its high.  (MarketBeat)

Only a handful of global markets sit above their 200-day moving averages.  (My Simple Quant)

The cyclical stock plunge continues.  (Crossing Wall Street)

How to evaluate gold in the midst of a blow-off phase.  (chessNwine)

The chickens are coming home to roost at Bank of America ($BAC).  (Money Game, Deal Journal, NetNet, WSJ, naked capitalism)

S&P gets a new credit ratings head and investors call for a breakup of McGraw-Hill ($MHP).  (Dealbook, Bloomberg)

What’s the deal with stock buybacks?  (The Reformed Broker, FT)

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