The media and marketing deluge has spawned a new type of Wall Street loser: the armchair momentum player. These are novice investors who engage in short-term stock buying and selling based on media reports or an expert’s enthusiasm. Gary Weiss Read Quote
Oil futures were originally created to give heating oil dealers, gas retailers, aviation companies and other businesses a method of hedging against adverse price changes. Instead, they’ve become just another Wall Street plaything. Gary Weiss Read Quote
Despite all the drawbacks, the Internet provides a wide array of information – and some of it is being watched pretty carefully by the pros. Gary Weiss Read Quote
There are a lot worse things you can do with all your bucks than giving them to even a mediocre mutual fund – such as, for example, giving them to a mediocre hedge fund. If supporting the lifestyle of a mediocre fund manager is your favorite charity, who am I to stop you? Gary Weiss Read Quote
Conspiracy theories feed on opacity, and that’s a longtime problem with short selling. Large long positions must be reported to the Securities and Exchange Commission in public filings, but not large short positions. Gary Weiss Read Quote
When the Securities & Exchange Commission settled securities-fraud charges against Richard Harriton, former chairman of the clearing subsidiary of Bear, Stearns & Co., there were smiles all around. The SEC was happy. Harriton was happy. Bear Stearns was happy. Gary Weiss Read Quote
I’ve met Dick Syron. I like the guy. He’s a man’s man kind of character, a real charmer, the kind of guy you’d want to have a beer with, as well as being an economist of considerable repute. Gary Weiss Read Quote
At their worst, message boards can subject you to mindless braying or outright stock scams. But at their best, they provide meaty insights on just about every stock imaginable. Gary Weiss Read Quote
India may be the only country in the world that has been free of anti-Semitic prejudice throughout its history. Gary Weiss Read Quote
For Randy Neugebauer, the Texas Republican who chairs the investigations subcommittee, the top sources of funding for his 2012 reelection campaign are from the insurance, banking, finance, securities and real estate industries. Gary Weiss Read Quote