Hot Links: Risk-On Orgy

Stuff I’m Reading this Morning…

The Stock Sage weekly letter is out, this one looks at the risk-on orgy of the past week and the possibility of post-default recapitalization in Europe.  (StockSage)

“The average hedge fund has fallen by around 9% this year; the S&P 500 has fallen by just 3.4%.”  (TheEconomist)

At Hedge Funds, Breakeven is the New Black.  (TBP)

The latest missive from Michael Lewis to his fellow 1%-ers is hilarious.  (Bloomberg)

Joe Fahmy: So you want to be a trader…  (JoeFahmy)

How much does your asset management cost?  Are you overpaying for beta?  (CapitalSpectator)

Fannie and Freddie announce a Christmastime moratorium on foreclosures.  But after January 2nd, get the f*** out.  God bless us everyone.  (LOLFed)

Professor Mankiw responds to the students who walked out of his Harvard Econ 10 course in protest.  (NYT)

Arianna Huffington on how the news flow continues to prove rampant economic unfairness.  (HuffPo)

10 Ways Shakespeare Changed Everything.  (MentalFloss)

This is magnificent: The 45 most powerful photographs of 2011.  (Buzzfeed)

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