The Takeaway: Sallie’s been making the rounds in D.C.

PORTFOLIO

“Over at least the past two decades, the 20 period monthly moving average on the S&P 500 has been an excellent reference point for bull and bear cycles.” (iBankCoin)

ISM contracts, messing up our regularly-scheduled risk-on, high beta junk stock Santa Claus rally. (Calculated Risk)

THE BIZ

Bill Cohan not so sanguine about the SEC’s Schapiro years. (Bloomberg)

Meanwhile, Sallie to the SEC might actually be happening. (Reuters)

You’ll be glad to know that hedge fund managers are back to out-earning their mutual fund manager counterparts. And all is right with the world. (Investment News)

Bob Seawright, on retirement planning and the marshmallow test. (MarketWatch)

How Wall Street made the worst bet since subprime and deluded itself. (The Reformed Broker)

Michael Kitces: Here are 15 financial advisers leveraging Twitter. (Investment News)

OUTLIERS

Nasdaq OMX to create 24,000 new indexes. “Hooray!” cheered only insane people. (Focus on Funds)

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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.