Here's what may shape the week ahead for Wall Street: Earnings reports from Best Buy and Walgreens may disappoint, while Lennar and Red Hat probably won't. And fund managers will jump into last quarter's winners to fool clients into thinking they're more clever than they are.
Legg Mason's Bill Miller was the mutual fund industry's rock star through the 1990s and the first few years of this millennium. Now he's unplugging his amp and walking off the stage.
Mirror investing lets you link your investment account to someone else's: When they make a trade, you automatically trade too. It guarantees that the person guiding you has skin in the game, but is it really wise to put your investment decisions in the hands of a stranger?
Some equity fund managers are talking the talk, but not walking the walk -- by churning their portfolios more than they say. A new study finds that some active equity fund managers have higher portfolio turnover rates than they themselves claim.