Hot Links: And the Market Shrugs

Stuff I’m Reading this Morning…

THIS JUST IN: GLOBAL COORDINATED ACTION BY 5 CENTRAL BANKS ROCKETS STOCKS HIGHER:  (BusinessInsider)

Bobby Sinn: S&P downgrades the banks…and the market shrugs.  Do the financials even matter anymore?  (StockSage)

China cuts reserve requirements, saves the stock market overnight.  (UpsideTrader)

What the hell did Hank Paulson think his job was in the summer of 2008?  (FelixSalmon)

Here are the stats on December market performance going back to 1950… (PragCap)

But don’t get too excited, says Scott Bell, because Decembers following down Novembers actually blow.  (IheartWallStreet)

Occupy LA raided by the cops, evicted from City Hall Park with extreme prejudice.  (Bloomberg)

Citigroup’s $285 million mortgage settlement is denied, may go to court.  Ruh roh.  (Marketplace)

ROFL – Albert Edwards: BRIC = Bloody Ridiculous Investment Concept.  (AlsoSprachAnalyst)

I knew this site was gonna take an awesome left turn at some point – check out the latest from (bclund)

Chase Bank to Hedge Funds: Drop Dead.  (TBP)

Don’t miss my daily linkfest for financial advisors this morning:  (WSJFA)