Stocks are sharply higher thanks mainly to comments by Boston Fed President Eric Rosengren.
those attending presumably assumed they were there to learn from real "alpha" experts, which is a fancy term describing the value added by a fund manager over its designated benchmark. They must have been disappointed.
While the repeal of Glass-Steagall was certainly a part of making our system fragile to the point where it is at today, thinking that a simple solution like breaking up the banks will be the panacea that we seek is incredibly naïve.
The stock market is so angry at President Obama that it is going to rally hard ahead of his election. That seems to be the tortured logic of Wall Street.
We're screwed. That's as good a place to start this post as any. Congress and the Administration have been co-opted -- bought and paid for. Financial regulation is a joke and fraud is a business model and seen as standard operating procedure.
It's a shame that so many TV hosts have all but given up on the appearance of balanced market reporting. While the truth will emerge over time, it would be wise to recognize pessimistic opinions are no more reliable than optimistic ones.
Romney is identified hand and fist with Wall Street's interests. Yet it is still early in the campaign. It would be a coup were his campaign to look to that singular personage in government who fought tooth and nail for the interests of everyday America.
In order to understand Romney's reliance on his Bain Capital experience, one must also gain an understanding about how private equity works, the prevailing general ignorance about which has, thus far, benefitted the Romney campaign.
What's the best advice you ever received from your mother? My mom taught me to be optimistic, compassionate and that family comes first.
The New York Times noted that a current linguistic trend called "vocal fry" is just one in a long line of largely female speech patterns that are seen often seen as a sign of stupidity. Young women who used vocal fry were being dismissed as insecure, naive, and dumb.
Oil prices were headed up, said Pickens, and then explained, well, the Saudis are maxed out. They can't produce more. And in one fell swoop, he gave the Saudis a free pass on the current oil price distortions and turned them from the OPEC cabal's malevolent gorgon into our heroic good guys.
A primer on things best not to say to women who have been pumped full of mind-altering hormones and endured an alphabet soup of invasive procedures (ART, IVFs, ICSI's, IUI's), miscarriages and/or had failed adoptions.
Natural gas, as traded today on U.S. exchanges, is a uniquely isolated American commodity and any attempt at influencing its price, overt or otherwise, would fall under the purview of the nation's anti-trust laws and its stated prohibitions to all manner of collusion.
Anthony Scaramucci has written The Little Book of Hedge Funds, an entertaining and informative book without the typical Wall Street bombast.
If timing is everything, than the timing of Mr. Sorkin's article becomes ever so curious coming just one week after the publication of these humungous sums. There he was, as so often before, trying to steer our focus from the excesses of Wall Street's "Big Money" parade.
The callous greed in the oil patch seems to know no limits. Here we have a company, Royal Dutch Shell, bursting with earnings, at the apogee of its yearly returns, going after the last dollar or Euro to make things fatter still.