The Takeaway: Are you in the secret wealth management cult?

AUG 09, 2013
Portfolio Joe Terranova takes a look at Q2 earnings season - the stats you want, the color you need.  (Virtus) 14 out of 15 metrics say stocks are not "expensive" at these prices historically.  (The Reformed Broker) What should we make of the coming wave of "secret index" ETFs?  (Forbes) Three economic stories that get blown out of proportion.  (MotleyFool) Servo Wealth Management demolishes the idea of market-timing.  (Servo)

The Biz

Top wealth management execs are meeting in "secret study groups" and other clandestine organizations for the purpose of, I can only assume, giving each other massages.  (Financial Planning) Obama's fraud taskforce is starting to get all up in bankers' grills.  (Bloomberg) LPL super-OSJ snags its own chief marketing officer.  (RIA Biz) Old school wave of cold-calling fraud emerges involving calls to cellphones with high-yielding CDs.  (Investment News) Three things financial firms are getting wrong on social media.  (Financial Planning) Outliers Finra staffers get lonely too...  (NYP)

This Just In: Hedge Fund Billionaire Now Advertising in “I'm Desperate” Magazine  (Jeff Matthews)

*** 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.

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