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stock market

Latest Headlines

Latest Headlines

University endowments smash benchmarks

Despite what has been a middling year at best for hedge funds and the stock market, the performance of college and university endowments has been stunning.  Colleges and universities nationwide reported an average return of 19.8 percent, according to a report by the Commonfund Institute and th

Market structure issues are front and center

For many in the industry, market structure has been such an huge issue over the past two years that it's hard to see the significance of the Sunday New York Times article called "Clamping Down on Rapid Trades in Stock Market." To be sure, the article hit on such issues as the regulatory re

Which market is rigged against retail investors?

Michael Lewis ranks as one of the most trenchant observers of Wall Street today, as his books Liar's Poker and The Big Short amply evidence. So, it is with great interest we learned was been duped into buying some toxic assets that had been recommended by a large brokerage firm. "The s

Hedge funds fared well in 2010

Thanks to a decent run toward the end of the year, hedge funds fared decently in 2010. HedgeFund Intelligence's Global Composite Index rose 2.3 percent for December and rose 8.08 percent for the entire year. The Hennessee Group says the average fund in 2010 rose 10.2 percent. These calculations do

Retail investors permanently soured on stocks?

Some interesting data from the ICI: In 2008, $234 billion flowed out of equity mutual funds; the selling really intensified in the fourth quarter. In 2009, some thought the worst was over, but $9 billion still flowed out of equity funds. In 2010, the outflows picked up again. As of the end of Augu

Retail customers stream into bonds, avoid stocks

Some interesting trends from the trenches. It's been no secret that retail investors have fled the stock market over the past year. Some people blame the May 6 Flash Crash; others see the market as rigged somehow. And some say they are just being defensive, given the lack of the long-term growth i

Hedge funds and the December Effect

You've likely heard of the January Effect, that stock market old saw that holds that stocks tend to rise in January because people sold in December to lock in capital losses and seek to reinvest for the new year. The Hennessee Group has noticed something of a corollary: A December Effect, whic

Bank of America raises $13.5 billion

Bank of America has announced it has raised $13.5 billion by selling 1.25 billion shares of stock. Recall that the issuance is part of the bank's effort to raise $33.9 billion in new capital, as required by the government. The average price was about $10.75, below average prices recently, accordin

Mr. Market helps in capital raising; a fee bonanza?

The stock market rally we've seen has been nothing short of a godsend for TARP banks--and taxpayers. The surging appetite for bank equity is allowing banks large and small to raise capital much faster than the government had initially hoped.  The 19 largest TARP banks face a deficit of $75

Stewart gets the best of Cramer on Brawl Street?

It was touted at the top of major newspapers: Jon Stewart vs. Jim Cramer. The satirist vs. the TV stock market pundit. In the end, I think we can all agree that Stewart held the upper hand the whole way. Says the Washington Post 's TV critic: "Stewart became 'Crossfire Jon,' the avenging media