Diversification: It’s a simple concept in investing. The basic idea is that by holding multiple asset classes, you can protect yourself from losses. When bonds zig, stocks will zag. Well, guess what? It hasn’t mattered at this year. Everything is up. Yes, everything. This kind of full-market exuberance hasn’t happened in nearly 20 years. And the last time it did, we plunged into a recession. Here’s Chris Dieterich, Nicole Hong and Tatyana Shumsky at the Wall Street Journal with more.

Bespoke Investment Group (Staff): Well, not everything is up year to date. Sorry China, Russia and the Euro.

MacroBusiness (Phat Drgaon): China has missed out because things aren’t so rosy over there. Construction activity in particular has been a real sleeper.  

HuffPo (Dan Solin): Canadian investors have missed out on most of the year’s gains. Buy a darn index, will ya!

Bloomberg Surveillance (Brad Hintz): You know who has had a pretty bad year? French BNP Paribas. Maybe it should go from massive investment powerhouse to small regional bank.

TechCrunch (Alex Wilhelm): Also some Facebook (FB) users are feeling a bit blue … at least, according to a new top secret experiment. They’re in our heads, man!

Pando Daily (Nathaniel Mott): Speaking of social media, when was the last time you “checked in” somewhere? Forgotten Foursquare finally has a plan to make money.

Millennial Invest (Patrick O’Shaughnessy): As for making money, smart beta isn’t anything new. We’ve always used factors and screens when picking investments. Beware the marketing hype.

Vox (Timothy B. Lee): Unfortunately, we might have fewer options to pick from. The IPO market is dying.

The Guardian (David Hill): Hate multinational oil companies like Exxon (XOM) or BP (BP)? If you value your life, don’t protest in Peru. Seriously. Don’t do it.