I just rolled back [this question](https://meta.askubuntu.com/questions/285/why-are-there-so-many-new-users-with-101-reputation) and now the Markdown hyperlink appears unprocessed:

![screenshot](https://i.sstatic.net/5ak0F.png)

When I click Edit, the preview displays correctly, so I know there isn't a syntax mistake:

![screenshot](https://i.sstatic.net/zV5vF.png)