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

|By:, SA News Editor

"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.