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Earnings estimates for US stocks are finally starting to come down.  (FT)

The distressed debt market is beginning to show some opportunity.  (Distressed Debt Investing)

More on the ExxonMobil ($XOM)-Rosneft deal.  (Reuters, WSJ, Deal Journal, beyondbrics)

Barnes & Noble ($BKS) revenue is now 20% digital, including the Nook.  (peHUB, WSJ, 24/7 Wall St.)

China is stepping up its purchases of copper.  (FT)

Expectations seem to be finally catching up to the weak economy.  (VIX and More)

Be prepared for a “disastrous” ISM manufacturing survey.  (Pragmatic Capitalism)

Steve Randy Waldman, “The fiscal vs. monetary policy debate has gotten tiresome and distracting.”  (Interfluidity)

People are sick of daily deal sites.  (Atlantic Wire)

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