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Wednesday 7atSeven: contingency planning

Here are seven (or so) links at 7AM Eastern.  Good luck out there today.

Markets

S&P just cut the ratings of a bunch of big banks.  (Money Game, Dealbook)

Do the financials still matter to the market?  (Stock Sage)

James Altucher on the super bullish case for the market.  (Fast Money)

Social media

How many more failed social media IPOs do we need to see before Facebook?  (The Reformed Broker, WSJ)

How Facebook got to a point where it has to go public.  (Dealbook)

Is OpenTable ($OPEN) cheap yet?  (TechInsidr)

Europe

Why are UK Gilts selling like hotcakes these days?  (Money Game also WSJ)

Businesses are planning for the end of the Euro. (FT, Reuters)

Europe is not the United States.  (Project Syndicate)

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