Hot Links: Humanity on Wall Street. Sure.

Tech stocks at their lowest valuations in 2 decades, says UBS.  (Bloomberg)

No startups = no job creation. So now you know. (Mish)

Speaking of jobs, how about 700,000 newly laid-off census workers?  (Clusterstock)

James Montier on the fallacy of discounted cash flow as the basis for securities analysis.  (IvanhoffCapital)

Kevin Spacey's film about the "Humanity" on Wall Street...so it's clearly science fiction. (DealBook)

T. Boone Pickens on oil stocks, nat gas, alternative energy and to buy BP or not to buy BP.  (Fortune)

TPC: Quantitative Easing was nothing more than a fancy-sounding debt swap, do not let them do it again.  (PragCap)

The latest on investing in frontier markets, plus some quotes from Templeton's Mark Mobius.  (LAT)