This study plots the “dumb money confidence,” the “smart money confidence” and the spread between the two.
February 2012
Throwback: Uptown Anthem
Video.
about that business model…
Photo.
Hot Links: Watch Closely
Your morning financial links, expertly curated.
QOTD: The Hedge Fund Mini-Crisis
“We used to rely on the public making dumb investing decisions…but with the advent of the public leaving the market, it’s just hedge funds trading against hedge funds.”
Getting the Confetti Ready on Wall Street
Video.
Media: An Amazon Retail Store? What?
Video.
Throwback: Daytona 500 (1996)
Video.
If I Were a Broker, Here's How I'd Sell Facebook
The net result of this would be a few million bucks “new money” raised, the selling concession on the Facebook shares (figure 5% of however much I was given to book) and a slew of new clients opened based on the bait-and-switch pitch my junior broker closed them with.
Secular Decline of Wall Street Goes Mainstream in New York Magazine
Banks have always had occasional bad years, but the sense on Wall Street is that this bad year is different.