Is Wall Street leaking news?

Sparohok · Aug 29, 2006

Since politics came up, I thought I should mention the study which found that US senators outperform the market by 12% a year on average, and show an uncanny ability to predict big moves in stock prices. Quite good evidence that trading on inside information is pervasive among lawmakers.

I don't have a link to the study but here's what I found with a quick web search.

http://www.professorbainbridge.com/2004/10/senate_stock_tr.html

StockKJay · Aug 30, 2006

Quote from nkhoi:

in this day and age, it is impossible to keep information leak proof for long, any observant worker should be able to tell what their company up to.

That is very true. The trader that takes advantage of it is always a cousin. Would be a witchhunt to try and prove it.

Rearden Metal · Aug 30, 2006

When one obtains inside information, is it generally a good idea to do this?:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=75167

neutrosphere · Aug 30, 2006

LOL! i was actually just reading an article on news leaks..

http://www.hillnews.com/thehill/export/TheHill/News/Frontpage/042506/news2.html

Option Trader · Aug 30, 2006

Brokers should be obliged to disclose this type of info, and these types of updates, to all their clients, so that they can make a proper assessement of the risks.

Sikhinvestor · Aug 31, 2006

If you are not on the outisde, you are in the inside.

IV_Trader · Aug 31, 2006

another merger insider trade via options...GLG. 15 cents 45 call is around 3.50 $ now.
Some things will never change.

mindmerge2k · Aug 31, 2006

Quote from Sikhinvestor:

If you are not on the outisde, you are in the inside.

lol very true~

mindmerge2k · Aug 31, 2006

Quote from Sikhinvestor:

If you are not on the outisde, you are in the inside.

lol very true~