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Streeters

Wall Streeters Calling a Stock Market Bottom Couldn’t Even Predict the Crash

Some Wall Street bulls say the stock market is due to recover soon. But they were also bullish right up to the equities crash. Meanwhile, analysts who correctly warned that valuations were extremely frothy ahead of the S&P 500 peak say we’re in for a long bear market. In an interview Thursday on CNBC’s “Squawk…

Why Wall Streeters Party Hard When The Stock Market Crashes

The stock market just experienced its fastest correction in 50 years. But that might not be so bad for the big wigs on Wall Street. An 18-year finance industry veteran explains how financials fire employees when markets crash. And they get sent off with plush severance packages, and paid garden leave (vacations) to exotic locales.…