<b>The Takeaway:</b> Going nuts for global REITs

Portfolio

S&P’s Sam Stovall: “Despite this anemic growth in our economy, the S&P 500 increased in price at a swifter pace than it normally did during the first four years of economic recovery since 1949.” (Business Insider)

Emerging market stocks have been terrible through the first quarter… (Bloomberg)

Why are stocks ignoring budget cuts and fiscal drag? Because they can. (Rick Ferri)

Think long and hard before following the long Japan / short Yen crowd into DXJ. (Index Universe)

Investors go nuts over Global REITs in the latest manifestation of the yield chase. This should end well. (Financial Advisor)

Morgan Stanley: Six million ways to generate alpha – even with a large cap fund. (Focus On Funds)

The Biz

HighTower arrives in the wealthy Long Island, NY market with a breakaway $300 million team out of UBS. (Financial Planning)

What does it mean for the investment management business is gigantic CalPERS takes its entire portfolio passive? (Investment News)

Are you falling prey to the Sunk Cost Fallacy? (The Reformed Broker)

Outliers

TIME Magazine names its 140 top Twitter accounts for 2013 – here are the Business and Finance ones: (TIME)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.