wallstreeter2001

Robert Prechter to Investors: Play It Safe, Rally Is Over

He was a bull before at the depths of the 70's/80's recession. Stocks came back strong after this call. He was correct on a call just before the 1987 market crash. He correctly called the December 2007 bear market in October 2007. He called the bear market rally this year a couple weeks before the bottom in March 2009 and said the Dow would rise to about 10,000-11,000. Seems like a pretty good record to me.

Blackstone Earnings: Mixed Results

I agree with the above comment. The founders of Blackstone and employees do not participate in the $1.20/share dividend. So the portion of the article above that states "Now this could be seen as just a way for management to transfer more of the company’s wealth to themselves (the largest shareholders) without triggering the questions that come with selling positions" is inaccurate.