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.
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