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In a twist of irony, Wall Street firms are gearing up for their own little secular bear market...

In a twist of irony, Wall Street firms are gearing up for their own little secular bear market just as the rest of the economy regains its footing. As a regulatory tidal wave bears down, the big firms have begun slashing bonuses, laying off workers and getting out of markets they had no business being in the first place. Inevitably, this will mean a squeeze in profits - and a vengeful shareholder.
Comments (22)
  • anonymous#12
    , contributor
    Comments (552) | Send Message
     
    Karma.....
    24 Mar 2012, 11:55 AM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    Sort of. While this supposed Wall Street bear market might sound satisfying, the actual INDIVIDUALS who are the most to blame will still see no hardships.

     

    Speculating homeowner? Get foreclosed on and declare bankruptcy. (Note that this is not exactly unfair.)

     

    Speculating shareholder? Lose your nest egg. (Maybe fair, maybe not, depends on the level of corporate fraud.)

     

    Lying politician? Retire or march on. (Certainly unfair.)

     

    Wall Street CEO? Lay off your employees and collect your golden parachute. (A crime against ethics.)
    24 Mar 2012, 01:36 PM Reply Like
  • Perkins Cove
    , contributor
    Comments (640) | Send Message
     
    "Karma". Oh, that's good! lol
    24 Mar 2012, 05:17 PM Reply Like
  • Perkins Cove
    , contributor
    Comments (640) | Send Message
     
    What's "Ethics"? And is it related to Integrety?
    24 Mar 2012, 05:19 PM Reply Like
  • wyostocks
    , contributor
    Comments (8900) | Send Message
     
    So while all the talking heads are pumping the market with buy buy recommendations, internally the banksters are getting ready for bad times ahead.

     

    Very interesting.
    24 Mar 2012, 12:01 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    wyo,

     

    "Business is so bad, Prof. Smith told me, that the Street’s return on investment has been less than its cost of capital for the past three years, for a negative economic value added (EVA), a critical metric. I’ve always thought these firms subtracted value, but now it’s official."

     

    How are these banks trading at the levels that they are, much less the pundits recommending them as great buys?
    24 Mar 2012, 03:16 PM Reply Like
  • Perkins Cove
    , contributor
    Comments (640) | Send Message
     
    wyo...it's the Giant Squid way. Pump the market while betting against it, and then pull the plug via HFTs. Damn, it's getting so simple even I can understand it.

     

    Perk
    24 Mar 2012, 05:26 PM Reply Like
  • Tom Armistead
    , contributor
    Comments (5722) | Send Message
     
    It couldn't happen to a nicer group of fellers.
    24 Mar 2012, 01:04 PM Reply Like
  • D_Virginia
    , contributor
    Comments (2280) | Send Message
     
    > getting out of markets they had no business being in the first place

     

    Thank god.

     

    > this will mean a squeeze in profits - and a vengeful shareholder.

     

    Since when did Wall Street firms ever care about shareholders???
    24 Mar 2012, 01:29 PM Reply Like
  • AlexSGaborsAssociates
    , contributor
    Comments (10) | Send Message
     
    What if everyone just dumped every financial stock they owned and the public demanded zero interest money on housing, could we just start the whole transfer of wealth process all over again, only this time give the wealth to the people who earned it...the hard working homeowners., except those who lied on their loan apps and the bankers who let them do it.
    24 Mar 2012, 01:29 PM Reply Like
  • coddy0
    , contributor
    Comments (1182) | Send Message
     
    AlexSGaborsAssociates
    What if ......................... could we...................

     

    ======================...
    suspected clause
    either you are not sure about you are talking
    or you reluctant of talking what you really mean
    24 Mar 2012, 03:57 PM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Where is John Corzine????? Free as a bird...
    24 Mar 2012, 02:43 PM Reply Like
  • mweaver
    , contributor
    Comments (201) | Send Message
     
    where is stan o'neil?
    24 Mar 2012, 02:53 PM Reply Like
  • arnie fein
    , contributor
    Comments (223) | Send Message
     
    Where is Sandy Weill?
    24 Mar 2012, 04:21 PM Reply Like
  • wyostocks
    , contributor
    Comments (8900) | Send Message
     
    More importantly, who is John Galt?
    24 Mar 2012, 05:44 PM Reply Like
  • Hendershott
    , contributor
    Comments (1616) | Send Message
     
    John Galt is a fictional character, in case you never read the book.
    25 Mar 2012, 02:22 PM Reply Like
  • wyostocks
    , contributor
    Comments (8900) | Send Message
     
    No kidding..................
    25 Mar 2012, 02:48 PM Reply Like
  • mike mohr
    , contributor
    Comments (452) | Send Message
     
    What recovery and what economic footing. What would happen if FED raise rates and stop supporting the market?
    24 Mar 2012, 04:38 PM Reply Like
  • Perkins Cove
    , contributor
    Comments (640) | Send Message
     
    Reality? And maybe a better life for my grandchildren? I'm really getting fed up with the banks, CBs, etc. Screwing with my families chances at the elusive dream...the better tomorrow. More fiat money just digs a deeper hole.

     

    And we all know the government is in cahoots.

     

    Karma should start working overtime.

     

    Perk
    24 Mar 2012, 05:36 PM Reply Like
  • phxcrane
    , contributor
    Comments (481) | Send Message
     
    Scream at your Government. Your wasting your time whining about the banks. Everybody keeps voting the dopes in because they think they will personally get a benefit.
    24 Mar 2012, 07:44 PM Reply Like
  • micray
    , contributor
    Comments (9) | Send Message
     
    Can't speak for anyone else. I can't recall ever being treated unfairly by any banker. If they do I just move on to another bank. Think they should work for free ? Whenever that day comes we'll all be working for free or the government. Only regulations I see coming will be used by politicians to squeese some more money out of the private sector.
    25 Mar 2012, 02:42 AM Reply Like
  • User 462216
    , contributor
    Comments (95) | Send Message
     
    If it wasn't for the banks we would be living like its 1950 or maybe 1850. I could handle it....could you?. Yes, our forefathers been there done that. Life aint fair.......THE BANKS
    25 Mar 2012, 07:48 AM Reply Like
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