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Be wary of stocks with exposure to capital markets, says KBWs Joel Jeffrey, downgrading Lazard...

Be wary of stocks with exposure to capital markets, says KBWs Joel Jeffrey, downgrading Lazard (LAZ -2.1%) to Market Perform. Given reasonable valuations, strong balance sheets, and easy credit, M&A activity should be way up, but it isn't. In fact, activity is declining, leaving companies depending on advisory fees sucking wind.
Comments (1)
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    If M&A is down, why was LAZ up?

     

    I am always curious to see which way things go after they go down.

     

    If Mr. Market was bouncing off the walls, would he notice if M&A was on the rise?

     

    Who would notice that?
    9 Oct 2012, 11:41 AM Reply Like
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