<b>The Takeaway</b>: Market timing is a slippery slope

Portfolio

Larry Swedroe: Tactical managers have largely failed to add value to a portfolio.  (CBS Money Watch)

Big drop in weekly jobless claims.  (Calculated Risk)

These red-hot brokerage firm analysts are starting to add value again.  (Bloomberg)

Market timing is a gateway to cash addiction.  (Abnormal Returns)

John Paulson blew out of a ton of GLD this past quarter, Soros and Loeb sold their entire stakes.  (Bloomberg)

Rick Ferri: When to use valuation in allocation decision-making.  (Rick Ferri)

The Biz

That sucking sound you hear is the dollar bills flying out of Janus funds.  (Bloomberg)

20 Astonishing Social Media Statistics for Financial Advisors (Financial Social Media)

Will LPL be getting into the banking business?  I hope so – because cross-selling!  (Financial Planning)

Outliers

I can’t believe the guaranteed income fund sold by a mechanic at Jiffy Lube wasn’t a home run.  (Boston Globe)

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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.