The Takeaway: An alt asset class plunges, mutual funds to go red and blue, and more

PORTFOLIO

About the big Fiscal Cliff freakout in MLP shares and funds. (Barron’s)

How hilariously quaint are those stocks/bonds/cash recommendations from Wall Street strategists? (Research Puzzle)

Lots of Cartoon Pundits sold you the “chase for performance” bull thesis. I hope you ignored it. (The Reformed Broker)

The drop-off in retail sales, while not large, squares perfectly with the exhausted recovery theme. (Alhambra)

THE BIZ

On the regulatory front – Pros say they wouldn’t worry about anyone getting anything done. (AdvisorOne)

… although, 2012 has already seen 734 enforcement actions, with a renewed focus on investment advisors. (Financial Planning)

Coming soon: Red and Blue mutual funds, so idiots can lose even more money by betting with their political beliefs than ever before! (Dealbreaker)

OUTLIERS

17 great proverbs about money – print this out and tack it to the fridge. (AAAMP Blog)

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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.