The unprecedented seems to happen all too frequently in financial markets. Is there something wrong with the way financial advisors build their clients' portfolios?
The average global active manager beat his benchmark over the last 10 years. So did the average fund manager in a few other style boxes. But global managers may have a better arsenal to keep the trend going.
If you want to know what made Madoff do it, you can try playing someone like him in a new game for cell phones called, predictably, Made Off. The game allows you to rob, cheat and steal from innocent investors to earn cellupoints (instead of cash)...
So much for those green shoots, say two economic historians, Barry Eichengreen at the University of California at Berkley and Kevin O'Rourke of Trinity College, Dublin. Globally, we are tracking or doing even worse than the Great Depression...
Michael Moore has a new, if predictable, target: Wall Street. A trailer for his latest film, untitled, shows him panhandling with a can that reads, Save Our CEOs, and imploring audiences to make donations to the big banks. Moore's polemics are...
Financials have not yet reclaimed the crown, but they are making a comeback, as measured by their weighting in the S&P 500. While technology is still the biggest sector, accounting for 18.4 percent of the S&P 500 index, the financial sector has...
