Industry News

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Black swan funds duck market mayhem
NEWS INDUSTRY NEWS AUG 08, 2011
Black swan funds duck market mayhem

Investors make a killing off stock slaughter; Pimco, Universa generate big returns

By John Goff
Two top Securities America advisers bolt for rival LPL Financial
NEWS RIAS AUG 08, 2011
Two top Securities America advisers bolt for rival LPL Financial

'Stay bonus' be damned: LPL's gain is Securities America's loss as two top producers depart

By Bruce Kelly
Fed to hold rates steady til 'at least' 2013
NEWS INDUSTRY NEWS AUG 08, 2011
Fed to hold rates steady til 'at least' 2013

The Federal Reserve today announced it will not raise its overnight rate until at least the middle of 2013. Will this soothe investors' fears?

By John Goff
Time to get back in: Large caps oversold -- and then some
NEWS INDUSTRY NEWS AUG 08, 2011
Time to get back in: Large caps oversold -- and then some

S&P 500 now four standard deviations below 50-day moving average. A rarity? Oh yeah

By Dan Jamieson
Treasury yields evoke Eisenhower era as economic growth slows
NEWS FIXED INCOME AUG 08, 2011
Treasury yields evoke Eisenhower era as economic growth slows

Treasury bond yields are plunging to levels seen in the 1950s as concern a two-year recovery in the world's largest economy is stalling causes investors to flee stock and debt markets.

By Doug Cubberley
Another recession ahead? Scores of advisers think so
NEWS INDUSTRY NEWS AUG 08, 2011
Another recession ahead? Scores of advisers think so

Economic growth has stalled. The employment picture is still stunted. Major global economies are plagued by debt woes. Each factor, and others, has prompted the markets to plummet more than 10% in less than ten days. Is another recession around the corner? A number of advisers think it's a good possibility now.

By Andrew Osterland
NEWS BROKER DEALERS AUG 08, 2011
LPL aggressively pursues Securities America's top producers

While Securities America looks to find a suitor -- and tries to stop reps from bolting -- other B-Ds are on the prowl for the firm's top producers. The big winner so far? LPL.

By Bruce Kelly
NEWS INDUSTRY NEWS AUG 08, 2011
Securities America asks reps to pledge allegiance

Securities America this week asked reps to sign a letter expressing their suppport for the firm. For some, the letter signals the besieged B-D is close to being sold,

By Bruce Kelly
NEWS RIAS AUG 07, 2011
Proxy ruling a caution signal for SEC

The recent appellate court decision rejecting an SEC rule on proxy access for shareholders was a signal to the commission to slow down its rulemaking and take more care in measuring the costs versus the benefits of any new rule

By MFXFeeder
NEWS INDUSTRY NEWS AUG 07, 2011
Workman Securities to shut down; reps told to make a move

Another troubled broker-dealer is closing, but with a twist: The firm is telling its advisers to move en masse to another firm, according to brokers at the firm and industry recruiters

By Bruce Kelly
Recession predictions hit rough patch as economy perks up
NEWS INDUSTRY NEWS AUG 05, 2011
Recession predictions hit rough patch as economy perks up

Fourth quarter GDP growth could come close to 4 percent, experts say; 'too much pessimism'

By John Goff
NEWS INDUSTRY NEWS AUG 05, 2011
U.S. has likely dodged a double-dip: Economists

The U.S. has likely dodged a recession for now, even though it's too early to sound the all-clear for the economy.

By Mark Bruno
Massages and mortgages no basis for an economy: Zakaria
NEWS REGULATION AND LEGISLATION AUG 05, 2011
Massages and mortgages no basis for an economy: Zakaria

Foreign-policy guru says U.S. needs to invest in advanced manufacturing to create jobs; cheap overseas labor not going away

By Mark Schoeff Jr.
Pimco, Neuberger: Big bank debt a good bet
NEWS INDUSTRY NEWS AUG 05, 2011
Pimco, Neuberger: Big bank debt a good bet

Money managers at both firms say U.S. financial instituations can weather gathering storm in Europe

By John Goff
Birinyi not cowed by doom-and-gloom, says bull run still on
NEWS INDUSTRY NEWS AUG 05, 2011
Birinyi not cowed by doom-and-gloom, says bull run still on

Famed stock-picker says corporate earnings will trump troubles overseas; 'teenagers still going to buy iTunes'

By John Goff
S&P 500 near 900? Analysts see potential for big plunge
NEWS INDUSTRY NEWS AUG 05, 2011
S&P 500 near 900? Analysts see potential for big plunge

Bank of America analysts predict large-cap benchmark could drop as much as 21% before reaching floor

By John Goff
Gross' Total Return Fund not returning a big total
NEWS INDUSTRY NEWS AUG 05, 2011
Gross' Total Return Fund not returning a big total

Worst performance for Pimco flagship fund since at least 1995; 'way too much ... of the underperformers'

By John Goff
Krugman on economy: 'This is a very bad scene'
NEWS INDUSTRY NEWS AUG 05, 2011
Krugman on economy: 'This is a very bad scene'

State cutbacks and end of stimulus could add up to disaster, Nobel laureate says; pegs odds of worldwide recession at 50-50

By John Goff
Absent 'massive stimulus,' world headed for another Great Depression: Roubini
NEWS INDUSTRY NEWS AUG 05, 2011
Absent 'massive stimulus,' world headed for another Great Depression: Roubini

NYU professor Nouriel Roubini is worried again. This time, Dr. Doom says that without immediate 'massive stimulus,' the world is headed for a replay of the 1930s. And in that scenario, stocks are 'going to hurt big time.'

By John Goff
Double-dip looking more like a bump in the road
NEWS RETIREMENT PLANNING AUG 05, 2011
Double-dip looking more like a bump in the road

Fears of second economic downtown driven by fears, not fundamentals; 'bad things have not happened'

By John Goff