Microsoft provides this “hard to believe someone wrote it seriously and they were not smoking crack” Knowledge Base article Steps that you can take to help identify and to help protect yourself from deceptive (spoofed) Web sites and malicious hyperlinks..
In a nutshell, the smart folks in Redmind suggest that you type all in the browser address field rather than actually touching your mouse on those dangerous hyperlinks:
…a malicious user could create a link to a deceptive (spoofed) Web site that displays the address, or URL, to a legitimate Web site in the Status bar, Address bar, and Title bar. This article describes steps that you can take to help mitigate this issue and to help you to identify a deceptive (spoofed) Web site or URL.
The most effective step that you can take to help protect yourself from malicious hyperlinks is not to click them. Rather, type the URL of your intended destination in the address bar yourself. By manually typing the URL in the address bar, you can verify the information that Internet Explorer uses to access the destination Web site. To do so, type the URL in the Address bar, and then press ENTER.
Can you imagine how popular the web would be if this was how Tim Berners-Lee designed it from the start? Heck, we’d still be using Gopher…