<b>The Takeaway:</b> S&P warns about Eurozone panic

Portfolio

S&P warns of socially explosive situation in euro zone (Reuters)

Todd Harrison: Is Cyprus a harbinger of the next crisis phase? (Minyanville)

Here’s why you don’t want to make that “P/E ratios are historically low” argument too loudly. (Factset)

Also, you should at least be aware of the degree to which this bull market has relied on expansion of PE multiple vs prior bulls. (Wall Street Rant)

Talk of a 50% jump in Apple’s dividend yield making the rounds. (Bloomberg)

The Biz

Wells Fargo on a hiring spree – 26 new financial advisors with $3.7 billion in assets…YTD! (Financial Planning)

Putnam strategy to staunch the outgoing flow of customer funds: MOAR MUTUAL FUNDS! (Bloomberg)

Did you hear the one about the billionaire hedge fund manager who’s holed up in a hotel right now? (New York Post)

What’s the difference between index giants Dimensional and Vanguard? (New York Times)

Outliers

H&R Block has one job to do, once a year. They screwed it up. True story. (MarketWatch)

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Disclaimer: Joshua Brown is an investment advisor representative with Fusion Analytics. The content above is for informational purposes only, nothing here should ever be construed as investment advice or a solicitation to trade any securities. Mr. Brown or his firm may be long or short securities mentioned above for client or personal accounts at any time.