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

Markets

Stocks are not reacting well to earnings misses.  (Money Game)

Beware the outpeformance of megacap stocks.  (MarketBeat)

Strategy

How to trade options around big news events.  (Barron’s)

Should you trust your trading intuitions?  (Ivanhoff Capital)

Fraud

Peregrine Financial, i.e. PFG Best, is now in bankruptcy.  (WSJ also Attain Capital)

A sign of the time: is corporate fraud spreading?  (NYTimes, FT)

Economy

Is 8% the new normal for unemployment?  (Real Time Economics)

To say we are in recession requires some tortured language.  (Money Game, Credit Writedowns)

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