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Wall Street Watch: Timothy Geithner announced details of his toxic asset plan Monday, and the market shot up 500 points. It's a great plan for Wall Street, not so much for Main Street. Plus, some signs of the times, geopolitical turmoil, Madoff gossip, cool charts, and the Friday Funnies.
There's a lot you can learn on a due-diligence trip to a leading investment company. It's a great opportunity to get information straight from the source, network with other proactive advisors, and get re-energized for the enormous task we all face in staying on top of our clients' investments in this unprecedented moment. Here are one advisor's notes on a recent trip to Newport Beach, Calif.
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