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


The stock market has put 2008 in its rear view mirror.  (The Reformed Broker)

The P/E ratio on the S&P 500 is now lower than most of the time period: 1991-2010.  (Crossing Wall Street)

The Fed

The effects from QE3 will likely be modest at best.  (Econbrowser also Tim Duy)

Why did Ben Bernanke change his mind on QE3?  (Gavyn Davies)

QE3 would work a lot better if there wasn’t such a big backlog at mortgage processors.  (FT)

Week in review/preview

Where markets stand at week-end.  (Dynamic Hedge, Global Macro Monitor)

A look back at the economic week that was.  (Bonddad Blog, Calculated Risk)

The economic schedule for the coming week.  (Calculated Risk)

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