Hot Links: Proving Karma

Stuff I’m Reading this Morning…

How much could Germany be on the hook for in Europe?  One estimate is €600 billion, a quarter of German GDP.  (FTAlphaville)

California ponzi busted with marketing materials claiming “steady returns of 25% a year”.  Always bullshit.  (Financial Advisor)

Goldman sticks to its 1250 S&P 500 year-end target.  (PragCap)

Actually, I disagree.  Glass-Steagall is, in fact, the “cure all” or “silver bullet” we’re looking for.  (CJR)

Henry Blodget: Morgan Stanley is blaming the Facebook IPO on me (and I kind of like it but have to pretend like I don’t).  (BusinessInsider)

Fund of Funds biz should consider suicide.  It’s not going well, unlikely to improve.  (Reuters)

SocGen: Dividends are the most important component of total equity returns.  (BusinessInsider)

Remember the hedge fund that was based on reading Twitter sentiment.  Bye bye.  (FT)

Google searches for the term “Bank Run” take out a new all-time high.  (ZeroHedge)

Are the Yankees for sale? I feel like Steinbrenner’s ghost is going to haunt these meetings and drive potential buyers away.  (Dealbreaker)

Proving karma exists and life eventually balances out, have a peek at what your favorite boy band hotshots from the 90’s look like these days.  (Buzzfeed)

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



Read this next.