Seeking Alpha

"The spirit, excitement, and vigor of Wall Street is gone," Mike Steinhardt tells Bloomberg TV,...

"The spirit, excitement, and vigor of Wall Street is gone," Mike Steinhardt tells Bloomberg TV, adding he has little reason to be wildly bullish. "We don't hear (the Fed) talking about widows and orphans. Who has benefited from low rates? It's been the banks." In an era of perpetual ZIRP, he's a fan of high dividend stocks.
Comments (2)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    That's because widows and orphans don't make huge contributions to politicians; banks (and other crony capitalists) do.
    12 Apr 2012, 02:05 PM Reply Like
  • Hendershott
    , contributor
    Comments (1609) | Send Message
     
    The spirit, vigor and excitement has turned to nicking off hundredths of pennies in nanoseconds. Not something for widows, orphans or most other investors.
    12 Apr 2012, 04:28 PM Reply Like
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