On the New York Stock Exchange, all buy and sell orders are routed through a single ‘specialist,’ guaranteeing that most small trades can be matched directly. But most larger trades are delivered to the specialist on the floor of the exchange by human brokers, a system that big investors view as increasingly inefficient. Alex Berenson Read Quote
Institutions like mutual funds often worry that if they disclose their plans to buy a stock, copycats will move quickly and drive up the stock before the purchase is completed. Alex Berenson Read Quote
For decades, Wall Street has charged companies a standard fee of 7 percent to sell their shares to the public. Alex Berenson Read Quote
Would-be drug companies must either produce medicines that stand up to federal scrutiny, demonstrate that their data has value to other companies, or go out of business. Alex Berenson Read Quote
Generally, a rally will have staying power, technicians say, if, in addition to price movements, it has heavy trading volume and breadth, meaning that several stocks rise for each stock that falls. Alex Berenson Read Quote
Volatility may be rising simply because investors must digest more information every day. Alex Berenson Read Quote
Hedge funds try to produce above-average investment returns using tactics ranging from traditional stock-picking to complex derivative and arbitrage plays. High minimum investments, redemption restrictions and aggressive strategies make them suitable mainly for more sophisticated and well-heeled investors. Alex Berenson Read Quote
Don’t expect Barton Biggs to be offering his market insights on ‘Bloomberg News’ anytime soon. His plumber, maybe. Alex Berenson Read Quote
