The European Central Bank three-year loan program at 1 percent, active today, was a success, with banks snapping up 489 billion euros ($641 billion) worth of debt. Stock futures initially rose when the announcement was made at roughly 5:30 a.m. ET, but then quickly reversed, as did the euro. Why the sell-off? Read More
Investors should pick funds that can survive the European debt crisis, an emerging markets slowdown, and a deteriorating U.S. economy, according to TheStreet. S&P Capital IQ cites three mutual funds that could accomplish this. Read More
Rising correlations diminish the benefits of diversification and the potential excess return that can be realized by picking individual stocks. Correlations are not static numbers, however, and periods of higher correlations have historically been followed by periods of lower correlations. Therefore, it would be a mistake to assume that diversification has stopped providing benefits. Read More