Wall Street "independant" research will receive 432.5 million : Is it a farce :D

[Riskmanager]

Quote from AAAintheBeltway:

Fundamental research is an illusion for individual investors. If you want stocks picked by fundamentals, you are better off with Fidelity or some other fund. You will never duplicate their research capabilities or access.

Good Point!

Too many forget that trading is not just a zero sum game, but rather a negative zero sum game (costs of information, commission, opportunity costs...). Like in nature, there is no place for underdeveloped or inefficient species.

The really dirty laundry might still come on Wall Street;
i read that a senator is going to start public hearings in the congress...

 

[harrytrader]

What hypocrisis since all this gambling is as old as Stock Market read for example this article on Stock Gambling in 1846 (in the United State Magazine which was the first creator of the famous slogan:

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=248669> )

http://cdl.library.cornell.edu/cgi-...n/moa/moa-cgi?notisid=AGD1642-0018-28&view=75

<A HREF="http://cdl.library.cornell.edu/cgi-bin/moa/pageviewer?frames=1&cite=http%3A%2F%2Fcdl.library.cornell.edu%2Fcgi-bin%2Fmoa%2Fmoa-cgi%3Fnotisid%3DAGD1642-0018-28&coll=moa&root=%2Fmoa%2Fusde%2Fusde0018%2F&tif=00089.TIF&view=75" target="_blank"><IMG SRC=http://cdl.library.cornell.edu/gifcache/moa/usde/usde0018/00089.TIF4.gif></A>

Click on the picture for the whole article

 

[bullmarket79]

Hey guys lets form a company called Independent Research Group INC. and split the loot, not as much as the trial lawyers got from phillip morris but its a start.