Wall Street Bonus Drop Means Trading Aspen for Discount Cereal - Bloomberg

Wall Street Bonus Drop Means Trading Aspen for Discount Cereal - Bloomberg

Everything is relative. Pay cuts at $35,000 or $350,000 a year hurt:

Bloomberg has a personal interest story on how Wall Street bonus cuts have hurt those who had expected to get more money.

"The smaller bonus checks that hit accounts across the financial-services industry this month are making it difficult to

5 Simple Hedge Strategies for Volatile Times - Forbes

5 Simple Hedge Strategies for Volatile Times - ForbesI am not convinced these are really "strategies", but more ideas of things you should give some attention. For example market volatility, credit risks, risk of low returns, inflation. Not so much a "how to" article, but more of a useful reminder of the various risks investors face. :A rather long "look-in":"Dawal encourages a portfolio that

Could Twitter predict the stock market? | Reuters

Could Twitter predict the stock market? | ReutersNice article for class from Reuters:"A basic premise of behavioral economics is that the markets aren't perfectly rational machines, but are expressions of human emotions like greed and fear. If you agree with that premise, and are looking for an immediate gauge of those human sentiments, then Twitter is one of the greatest tools ever invented.

Why Do Individuals Exhibit Investment Biases? by Henrik Cronqvist, Stephan Siegel :: SSRN

Why Do Individuals Exhibit Investment Biases? by Henrik Cronqvist, Stephan Siegel :: SSRN



Abstract:
"We find that a long list of investment biases, e.g., the reluctance to realize losses, performance chasing, and the home bias, are "human," in the sense that we are born with them. Genetic factors explain up to 50% of the variation in these biases across individuals. We find no

Too Much Cash in the Corner Office - Businessweek

Too Much Cash in the Corner Office - BusinessweekA definite must-read for my classes!"In 2008, the CEOs who run companies in the Standard & Poor’s 500-stock index earned, in total, less than 1 percent of what everyone who’s a 1 percenter earned. So it’s unfair to blame CEOs alone for fostering inequality. Defenders of the system cite such data to advance a larger claim. Pay for public company

UBS hires former Bear Stearns CFO Molinaro | Reuters

UBS hires former Bear Stearns CFO Molinaro | Reuters"UBS has hired former Bear Stearns financial chief Sam Molinaro as operating head of its investment bank effective March 1, according to a memorandum seen on Friday by Reuters."Congratulations to St. Bonaventure Graduate Sam Molinaro:

The Dog that Did Not Bark: Insider Trading and Crashes by Jose Marin, Jacques Olivier :: SSRN

The Dog that Did Not Bark: Insider Trading and Crashes by Jose Marin, Jacques Olivier :: SSRNInteresting. And sort of unexpected.Marin and Olivier document "that at the individual stock level, insiders’ sales peak many months before a large drop in the stock price, while insiders’ purchases peak only the month before a large jump.We provide a theoretical explanation for this phenomenon based

Hedging Demand Halts Issuance of Credit Suisse VIX Note: Options - Bloomberg

Hedging Demand Halts Issuance of Credit Suisse VIX Note: Options - Bloomberg:"Credit Suisse suspended the creation of new stock in the VelocityShares Daily 2x VIX Short-Term ETN on Feb. 21 after its market value more than quadrupled in 2012 to a record $694.4 million, data compiled by Bloomberg show. Shares outstanding have surged 699 percent since Dec. 30 as the S&P 500 climbed 8 percent and

Asset Price Bubbles: A Survey by Anna Scherbina, Bernd Schlusche :: SSRN

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Asset Price Bubbles: A Survey by Anna Scherbina, Bernd Schlusche :: SSRN

In class next week we will be talking about bubbles. No not this one, nor even this one, but financial bubbles. Financial bubbles have a long history going back decades. A few examples: the famous Dutch Tulip Bubble, the South Sea Bubble (1720)--BTW WATCH THIS short video on it, VERY GOOD!),the late