Hot Links: Good Not Great

Stuff I’m Reading this Morning…

Why the bulls are standing firm on Japanese stocks.  (WSJ)

Twitter earnings – good but not good enough.  (Reuters) and (Bloomberg) and (TheTell)

Large-scale bond buyers aren’t afraid of contagion, they’re buying junk.  (Bloomberg)

Ryan McCarthy on Puerto Rico: What’s surrounded by water but has no liquidity?  (Counterparties)

Why is everyone so bullish about Europe these days?  (Indexology)

Buffett’s 10 year bet against the hedge funds – so embarrassing they should just call it off.  (Fortune)

Did Apple just crush Bitcoin?  (Wired)

Peter Atwater: Can you imagine if you tried to get away with non-GAAP accounting in real life?  (Minyanville)

Jim Picerno on the link between stocks and inflation expectations – are they back in sync?  (CapitalSpectator)

Large employers like IBM and AOL making a sneaky shift in their 401(k) employer match tactics.  (Wonkblog)

How Janet Yellen could swiftly knock the bear case down (at least temporarily).  (Hedgeye)

This one time when Kevin Roose broke into a Phi Beta Kappa dinner and got caught taking video of Wall Street mocking victims of the financial crisis.  (IBT)

Can Bill Gates really come back to Microsoft and be the same after so many years in philanthropy?  (NYT)

Gates Spends Entire First Day Back in Office Trying to Install Windows 8.1  (NewYorker)

My book, Backstage Wall Street, available at Amazon

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