Here are seven (or so) links at 7AM Eastern.  We will see you later with the daily linkfest.  Good luck out there today.

News pending on Facebook.  Morgan Stanley ($MS) is hot to win any potential IPO business.  (Bloomberg also WSJ)

Nobody knows nothing: Apple ($AAPL) earnings edition.  (Abnormal Returns)

A sign that natural gas may be making some sort of bottom.  (MarketBeat)

Even after a rally, emerging market equities are still trading at a discount.  (FT)

Pension funds need a better target for fund returns.  (World Beta)

Why is it so hard to make definitive statements about the performance of private equity?  (Dealbook)

Why does the Fed want to muddle its policy commitments?  (Money Game, WSJ)

Every mania comes to an end.  The case of Duke basketball.  (chessNwine)

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