Here we are again in flux between mildly improving economic data and sentiment here in the US and deteriorating financials and headlines in Europe.

So which is it to be? Global slowdown and recession or risk-aapalooza with high risk emerging markets stocks leading the charge?

LPL Financial’s chief strategist Jeffrey Kleintop has a note out in which he explains that 2011 was a “textbook year” for those who follow the calendar-based axioms of stock market investing – all the cliches worked…

Your morning financial links, expertly curated.

Good morning.

Cartoon.

Video.

Video.

On stock buybacks.

An interesting and long-awaited development for investors…