The Takeaway: Dow Theorists want to see Dow Transports ‘confirm’ recent market surge

Portfolio

Dow Theorists and some technicians would love to see the Dow Transports “confim” the recent market surge.  (All Star Charts)

Hedge fund investing: Statistics aren’t everything.  (The Reformed Broker)

“It is common practice for some investment advisers to divide U.S. stock index funds equally into allocated growth and value index funds. This practice adds nothing to a portfolio and actually reduces return.”  (Rick Ferri)

The Biz

Why financial advisers should put their pictures on their websites.  (Nerd’s Eye View)

Richard Wagner: Financial Planning Saves the World  (Financial Advisor)

Jeff Rose: 19 ways to talk to your kids about debt.  (Good Financial Cents)

Strong results for Citigroup and the exit from wealth management / brokerage.  (ThinkAdvisor) and (DealBook)

JPMorgan is an enormous institution – bigger than Citi in its heyday.  (Baseline Scenario)

The financial blogosphere doesn’t seem very excited about the prospects of a Larry Summers-led Federal Reserve.  (The Big Picture) and (Quartz)

Outliers

William Cohan: Let me get this straight – Fuld, Cayne and O’Neal wreck the economy – so we’re going after Fabrice?  (Bloomberg)

Goldman employee knocked out cold in front of a sidewalk cafe.  (Gawker)

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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.