Asset Managers Have Led Market Decline, a Bad Sign for Stocks

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Why these bad earnings reports are a bad sign for the stock market

 

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Next from the Journal, 'Why electing a moron President was a bad idea.'

Obama’s admin’s hard work for 8 years digging us out is now plummeting because of the current admin’s huge mistakes. This isn’t rocket science, took about 8 months longer than I has expected. It’s the republican way, tank the economy and leave a giant blob of a mess.

Hmm, I can't imagine.

Possibly the most idiotic title for an article that I have seen since at least yesterday

The Greenspan put? Meet the Trump dump.

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Market turmoil is last straw for asset managersState Street will slash its payroll by 6 percent. Both the selloff in stocks and outflows hit the company’s AUM in the fourth quarter. The investment industry is already reeling from fee pressure and turning to technology as the solution. That will mean plenty more pink slips.
La source: Breakingviews - 🏆 470. / 51 Lire la suite »

Asset managers brace for more job cuts amid market turbulenceTurmoil on financial markets is expected to deepen layoffs and accelerate acquis... Here comes the next crash.... The recession has begun, and nothing kicks up automation like a recession. As businesses lay off workers and cut salaries to please the shareholders it will make things worse by decreasing consumer spending. The cycle will continue as spending dries up and more are laid off. Media fed fear
La source: Reuters - 🏆 2. / 97 Lire la suite »

Big asset managers like BlackRock are pressuring stock exchanges to limit a growing practice that 'poses danger' to young companiesBI PRIME: To promote equal voting rights, an industry trade group is asking NASDAQ and the New York Stock Exchange to limit listings of companies with dual-class structures.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »