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FILE ** In this file photo of Sept. 2, 2008 Sam Wyly poses at his Explore book store in Aspen, Colo.  Famed Dallas billionaire investors Sam and Charles Wyly made $550 million in undisclosed profits through 13 years of insider trading in the shares of companies on whose boards they served, according to a Securities and Exchange Commission lawsuit filed Thursday July 29, 2010 .(AP Photo/Ed Kosmicki,File)AP - Brothers Charles and Sam Wyly, born a year apart during the Great Depression, almost always have been joined at the hip.


Wall Street has failed to grasp that consensus earnings estimates have no bearing on a company’s financial health. Plus: Why mining stocks (wrongly) get the shaft.

FILE ** In this file photo of Sept. 2, 2008 Sam Wyly poses at his Explore book store in Aspen, Colo.  Famed Dallas billionaire investors Sam and Charles Wyly made $550 million in undisclosed profits through 13 years of insider trading in the shares of companies on whose boards they served, according to a Securities and Exchange Commission lawsuit filed Thursday July 29, 2010 .(AP Photo/Ed Kosmicki,File)AP - Brothers Charles and Sam Wyly, born a year apart during the Great Depression, almost always have been joined at the hip.


AP - WHAT A MONTH: The Dow Jones industrial average and Standard & Poor’s had their best month since July 2009 and their first winning month since this past April. Strong earnings were behind the big gains.

Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.

AP - Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish.

Investors have poured billions into exchange-traded funds that attempt to track the prices of raw materials. But when commodities go up, commodity ETFs often don’t.

Leading shares in London slipped lower on Friday after weaker-than-expected US growth figures stirred concern about the strength of the economic recovery, dealers said.(AFP/File/Shaun Curry)AFP - Leading shares in London slipped lower on Friday after weaker-than-expected US growth figures stirred concern about the strength of the economic recovery, dealers said.


U.S. News & World Report - Investors still trust the safety of bond funds. June was another good month for fixed income. The Investment Company Institute reported that overall, mutual funds saw net inflows, mostly into bond funds. Bond funds experienced inflows of more than $20 billion–up about $6 billion from May. Meanwhile, stock funds saw more outflows. The WSJ reports that investors haven’t consistently put money into stock funds since the market hit its low in March 2009. Low-yielding money market funds also continued to see outflows, which brings their total outflows for the year to more than $500 billion.

FILE - In this July 28, 2010 file photo specialist Donald Civitanova, left, and trader Maier Tarlow work on the floor of the New York Stock Exchange. Stock futures dropped Friday, July 30, as investors cautiously awaited the government's first reading on gross domestic product. (AP Photo/Richard Drew, filw)AP - Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.


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