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


Macro hedge funds are awful at timing the stock market of late.  (Sober Look)

How the Fed got investors to switch from bonds into equities.  (Money Game)

Yield chasing

PIK-Toggle bond deals are back. (Lex)

Investors are lapping up all manner of Indian bonds.  (Deal Journal)


Criminal cases are being built on the backs of the JP Morgan ($JPM) CIO investment office debacle.  (Dealbook)

Goldman Sachs ($GS) couldn’t find many actual muppets being harmed by their actions.  (FT)


Can Amazon ($AMZN) become a fashion retailing powerhouse?  (FT)

It’s deja vu all over again for Netflix ($NFLX).  (Quartz)

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