Wow! Expectations that U.S. stocks will drop at least 10% has risen to the highest levels since April 1984. In a recent survey of investment newsletters by Investors Intelligence, Bloomberg reports that: The following are results from Investors Intelligence’s analysis of investment newsletters for Jan. 27 through yesterday. The company determines the proportion of writers [...]
I’ve written about previously (here and here) about Bloomberg’s expansion and eventual dominance of financial media from news to data and consumer. The WSJ reports today that indeed, Bloomberg is forecasting a respectable 10% growth rate for 2010 and plans to add an additional 1300 employees. The revenue gains would come largely from a projected [...]
John Dorfman, investor and Bloomberg columnist, has been following the 4 most popular and hated stocks among Wall Street analysts for the past 11 years. According to Dorfman’s research: For 11 of the past 12 years, I have studied the performance of analysts’ four favorite stocks, and the fate of the four they most scorned…Their [...]
2009 was a great year for firesales of independent research firms (Integrity Research) We have probably witnessed the last glamorous buildings being built for the rest of our lives with the opening of the Burj Khalifa in Dubai (Can Turtles Fly?) JP Morgan forecasts a 10.5% rebound in US display advertising in 2010 (TechCrunch) It’s [...]
It’s not only brokers being highly sought after as Wall Street and the financial industry rebuilds itself. From today’s WSJ, “Morgan Stanley makes sales, trading hiring push“, Morgan Stanley is in a hiring push that will add as many as 400 trading and sales positions as it tries to revive profits in areas such as [...]
Because it has broader appeal, we spend a lot of time thinking and talking about the demand side of financial social media. Investors can use tools like following their favorite investors portfolio moves on Covestor or crowdsource ideas on Piqqem or use AlphaClone to create the same portfolio Warren Buffett has. There are other great [...]
IR newbies looking to leverage social media should cut their teeth on Posterous. (Dominic Jones) How CIT tried to buy itself a buyout (Clusterstock) thinkorswim gets rolled out to Ameritrade customers (Barron’s, sub req’d) Jamie Dimon speaks at Harvard’s Class Day (noise free investing) More index funds sought for 401(k)s (WSJ) Ken Heebner of CGM [...]
by Zack Miller on June 10, 2009
Very interesting article yesterday at the Wall Street Journal. Entitled, “Stock-Research Reform to Die“, the article describes what’s happened in the wake of Eliot Spitzer’s landmark settlement against Wall Street brokers in 2003. According to the WSJ, this settlement was part of a wider Wall Street wrist-slap against ingrained culture that issued “overly optimistic stock [...]
by Zack Miller on January 12, 2009
It appears as if Smith Barney is preparing to leave the Citigroup umbrella and join Morgan Stanley as troubled Citigroup looks to unload assets and raise capital. Over 9 million investment accounts and over $1 trillion in assets look ready to join Morgan’s extensive brokerage operations. As more and more consolidation occurs in the investment [...]