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December 28, 2010 - Vol 4 Issue 52

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star logoThe Ten Most-Read Articles in 2010
       
By Robert Huebscher

As is our custom, we conclude the year by reflecting on the 10 most-read articles over the past 12 months.  In decreasing order, based on the number of unique readers, those are...



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star logoThe Ten Best Articles You Probably Missed
       By Robert Huebscher

Great articles don't always get the readership they deserve.  Here are 10 articles that you might have missed, but we believe merit reading.


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star logoThe Squam Lake Report: Reforming the Financial System
      
By Dougal Williams

Ken French and Robert Shiller were among a group of leading economists who, in the fall of 2008, convened what was to become known as the Squam Lake Group.  Their recently released and much-talked about book offers its authors' collective best answer to a defining question of our day.

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Incorporating a Signature Charity into Client Communication


       By Dan Richards

Many advisors do lots of things to give back to the community but aren't rewarded for it in terms of how clients view them.  If you want your charitable efforts to register with clients and help position you as someone who is genuinely community spirited, there are some things you have to do beyond just writing checks.

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star logoLetter to the Editor
      

A reader responds to our article, Debunking Ken Fisher, which appeared last week.

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star logoHighlights from Market Commentaries

Below are the three most widely read commentaries during the last week:

Things I Believe

 

1) Investors dangerously underestimate the risk of an abrupt and possibly severe equity market plunge. 2) Agreement among "experts" is not your friend. 3) Downside risk tends to be elevated precisely when risk premiums and volatility indices reflect the most complacency. 4) We did not avoid a second Great Depression because we bailed out financial institutions...

 

Things I Believe by John Hussman of Hussman Funds

 

All That Glitters

 

I have no doubt: gold is the ideal investment. It serves as a reliable store of value, especially in challenging and uncertain times. It's a hedge against inflation, since its price rises in sympathy with the general level of prices. It exists without the involvement of man-made constructs such as governments. And it's desired and accepted all around the world (and always has been.) The supply of gold is finite. It can't be created out of thin air. Thus it's not subject to dilution or debasement, as is paper currency when governments decide to print more.

 

All That Glitters by Howard Marks of Oaktree Capital

 

Ten Reasons To Be Cautious For The 2011 Market Outlook

 

1) In Barron's look-ahead piece, not one strategist sees the prospect for a market decline. This is called group-think. 2) The weekly fund flow data from the ICI showed not only massive outflows, but in aggregate, retail investors withdrew a RECORD net $8.6 billion from bond funds during the week ended December 15. 3) Bullish sentiment has now reached a new high for the year and is now the highest since 2007 - just ahead of the market slide.

 

Ten Reasons To Be Cautious For The 2011 Market Outlook by David Rosenberg of Gluskin Sheff

 

 

 

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