…Despite the holiday hubbub, homes sales continued their upward trend in December. The National Association of Realtors says existing-home sales, or completed sales on single-family homes, co-ops, condos and townhomes, ticked up 5% to a seasonally adjusted rate of 4.61
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…Wall Street pay is set to be reduced after a dismal year but the cuts won’t spare banking chiefs from potentially bruising encounters with investors during coming shareholders meetings.
Investors ranging from charitable foundations to large state pension funds are
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…Rising cybersecurity threats are pushing big banks to do something that doesn’t come naturally for these secrecy-steeped institutions: share information with one another.
This month, security officials from Wall Street financial firms, including Morgan Stanley and Goldman Sachs Group Inc.,
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…For some on Wall Street, a less-than-stellar bonus is simply too much to bear.
Brokerage executives at one Wall Street firm, Jefferies Group, have threatened to leave the company if their bonuses aren’t up to par with other firms, the
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…It’s the time of year when the geniuses on Wall Street tell you the best stocks to buy for the year ahead.
So-called “analysts’ top picks” are a popular topic on the Street of Shame. For some people it’s just
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…It took a relatively obscure former British academic to propagate a theory of the financial crisis that would confirm what many people suspected all along: The “corporate psychopaths” at the helm of our financial institutions are to blame.
Clive R.
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Bank foreclosures and abandonment are causing high home vacancy levels in
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neighborhoods across the country. Scott Pelley travels to Cleveland, a city that’s fighting back against blight.
Transcript:
Chances are the home you’re in isn’t worth what it used to
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…Irving Kahn is still managing money after recently turning 106. Kahn talks about how Wall Street has changed since his earlier years.
Quote from the video:
“Well when I got to the Street in ’29/’28 it was much more of
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Gold has been among the best investments in 2011.
Shares of gold miners? Among the worst.
Gold is up 12% this year but shares of gold miners have fallen almost 16%. Smaller gold miners are down almost 40%, based on
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From Whitney Tilson:
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There are of course many fine Wall Street analysts, but in my experience they are outnumbered by those who do little more than parrot what management is saying, regardless of how absurd it is, and who hype
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…It is the Securities and Exchange Commission’s new “most-wanted” list: a chart covered with handwritten notes, yellow highlighter and the names of about 100 hedge funds.
The hedge funds have one thing in common: Their performance seems too good to
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John Mauldin, president of Millennium Wave Investments LLC, and Thomas
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Brown, chief executive officer at Second Curve Capital and a Bloomberg contributing editor, talk about debt challenges for Europe and the U.S., the financial industry and the payroll tax-cut debate
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Mid-Day Market Action
US: Dow: 12035.50 (-0.56%), S&P 500: 1234.67 (-0.53%), NASDAQ: 2553.52 (-1.94%)
Europe: CAC: 3030.47 (-0.82%), DAX: 5791.53 (-0.96%), FTSE: 5389.74 (-0.55%).
Asia…:Australia: 4139.50 (2.13%),China: 2191.15 (-1.13%),Hong Kong: 18416.45 (1.83%),India: 4693.15 (3.28%), Japan: 8459.98 (1.46%),Korea: 1848.41
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![International Monetary Fund [oct 25]](http://www.valuewalk.com/wp-content/uploads/2011/12/4148188910_7c68f1b6db_m1-150x150.jpg "International Monetary Fund [oct 25]")
Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals.
Today’s Top Stories:
Tilson’s Recommended Readings…: For anyone looking to break into the hedge fund industry, here is
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Hedge funds that try to beat the market through buying and selling individual
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stocks have had such a rough go of things this year that a number of them are cutting back on their allocations.
Long/short equity managers recorded the
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