Hot Links: Endless String of Scandals

What I'm reading this morning:

Stuff I’m Reading this Morning…

Q3 earnings guidance: “47 companies in the S&P 500 have issued negative EPS preannouncements to date while just 13 companies have issued positive EPS preannouncements. Analysts now expect a year-over-year decline in earnings for Q3 (-1.6%).”  (PragCap)

Were investors kidding themselves with last week’s rally?  (Alhambra)

Barry: Yes, Glass-Steagall’s repeal did in part lead to the financial crisis.  (TBP)

Mario Draghi’s gonna have to basically pull a rabbit out of his ass at this point.  (NYT)

Your cheat sheet for this week’s knock-down, drag-out court brawl between Apple and Samsung.  (AllThingsD)

Bloggers: Are you an Observer or a Parrot?  (JohnStanderfer)

Ed Yardeni: Banks are the Achilles heel of capitalism, tend to blow up often.  (TBP)

The best advice from history’s greatest investors.  (BusinessInsider)

Mohamed El-Erian is making 50 Cent money.  (NYT)

Why do hedge funds want to be mutual funds?  Easy – stickier, dumber money.  (Barrons)

Hold off on all Apple accessory purchases – for the first time since 2003 they are changing the connector port.  (BusinessWeek)

Xerox will not be left out of the 3D printing revolution.  (TheEconomist)

Twitter overload is fucking up the Olympics. LOL.  (CNNMoney)

On the role of corrupt government officials in the endless string of Wall Street scandals.  (TBP)

Meyer Lansky knew better than to try robbing thousands of casino customers, it was easier to skim in the counting room.  And what this has to do with the Libor scandal.  (FinemRespice)

Updike, Einstein and others try to figure out why the world goes through the bother of existing at all.  (BrainPickings)

Novelist Colson Whitehead’s 11 rules for all writers.  (NYT)

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