The Dow has hit its highest level in years, loan rates are at record lows and the U.S. economy appears to be gaining momentum. Even the housing market is starting to look inviting. But is this a real recovery — or a false start like last year’s? Wharton finance professor Jeremy Siegel and Scott Richard, a Wharton practice…
According to New York State’s comptroller, Wall Street cash bonuses dropped 14% in 2011.Speaking to Reuters, Comptroller Thomas DiNapoli said that the total amount of money paid out in bonuses should reach $19.7 billion in 2011.
Wednesday morning, there was a violent sell-off in stocks that seemed to start exactly at 10:00 AM. This had some New York Stock Exchange floor traders scratching their heads.
The March/April issue of the CFA Magazine has a fascinating article titled “The Financial Psychopath Next Door.”
A shocking statistic jumped out at us.