Morning Links…

Risk is on this morning, with the S&P higher by nearly 1% early in trading. Gold prices have bounced nicely off the $1570 support level, gaining 0.9% today. Consumer prices (CPI) came in flat for November, but still are running +3.4% year over year. After the data came out this morning, US Treasury yields moved lower. The 10-year yield is 1.88%, signaling weak prospects for future economic growth. They say ‘no news is good news,’ but I beg to differ when it comes to the European crisis. The longer we go with no resolution (debt restructuring), the greater the risk of a systemic financial crisis. Best of luck out there, and on with the links…

  • Goldman’s top 100 favorite charts of the year. (Zero Hedge)
  • Short sellers are a vital component of price discovery. (NYT)
  • How investors should think about Europe. (A Dash of Insight)
  • CFTC commissioner wants to curb use of customer cash. (Dealbook)
  • Consumer prices unchanged in November. (Calculated Risk)
  • Fitch cuts rating on BofA, Goldman, Barclays. (Bloomberg)
  • Opinion: Bank shareholders need unlimited liability. (Bloomberg)
  • RIM stock at 7-year low. (WSJ)
  • Investors cool on hedge funds. (Reuters)
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