peHUB First Read

* Tech M&A: Going down, down, down. * Video from Milken Conference, of institutional investors taking their shots at PE and hedge fund managers. * Jeff Cox: Dow at 10,000 by year's end? Some pros think it's possible. Oh, and Sumner Redstone seems to be one of those shiny happy people. * Morning Call: U.S. futures point higher, London jumps early, European shares move into the black for 2009, the Nikkei climbs 3.9% and Hong Kong rounds out the positive news. * Heidi Moore: The new SEC is like an old investment bank. * The NY Post picks up the ball on Facebook holding financing talks with private equity firms like General Atlantic (a story originally reported by TechCrunch). It also says that Facebook's current investors aren't thrilled with the dilution that such a deal could require. What the Post doesn't mention, however, is that those current investors probably don't really have much say. Unlike almost every other venture-backed company in history, Facebook's Mark Zuckerberg has the power to accept or veto a sale of the company -- and I'd assume this power also extends to okaying or denying new financing rounds. It was a structure set up in