There was another article in the paper over the weekend about how more mutual fund investors are wising up and moving away from stock picker managers to index funds, because the majority of pickers don’t beat the index while charging significantly higher fees for their questionable value add, further eating into returns.

The stock market, meanwhile, seems to be living off the fumes of low interest rates, but now Wall Street firms have all-too predictably resurrected the infamous CDO bond leverage model for investors who crave higher yields. Yeah we know—they’re better constructed and safer this time.

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