Thanks for checking in with us for another edition of our early morning linkfest.  Good luck today.

The quiet recovery in the Chinese stock market.  (chessNwine)

VIX vs. credit spreads:  a divergence.  (Data Diary)

Jeff Miller, “The stock market is not a futures contract on GDP.”  (A Dash of Insight)

Jeff Gundlach sees high risk in muni bonds and high yield bonds.  (Pragmatic Capitalism, NetNet)

Spain catches a downgrade from Moody’s.  (WSJ, FT Alphaville, The Source)

Don’t read too much into China’s recent trade deficit.  (FT)

iPad 2 reviews are rolling in.  (TechCrunch, AllThingsD, NYTimes, Daring Fireball, Engadget)

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