US STOCKS-Wall St flat after data, quarter ending weak

Indexes on track for worst quarter in at least five; Chicago PMI rises slightly more than expected; Private employment report disappoints; Dow off 0.1 pct, S&P up 0.02 pct, Nasdaq off 0.06 pct

* For up-to-the-minute market news see [STXNEWS/US] (Updates to late afternoon, changes byline)

Posted in Articles | No Comments

Cliff Draughn, On Investment Groupthink

By Mike Miliard Cliff Draughn, president and chief investment officer of Savannah, Ga.-based Excelsia Investment Advisors, told WSJ Financial Adviser that he’s frustrated so many managers buy into the “fallacy of benchmarking.” Original Article One of my favorite comments from Jeremy Grantham (chairman of Boston-based institutional asset management firm Grantham Mayo Van Otterloo) is that [...]

Posted in Articles | No Comments