March 12th, 2010
Published Daily
COMMENTARY for Friday

Banking ‘Talent’ Has Nowhere to Go

by Rick Ackerman on October 23, 2009 1:47 am GMT · 13 comments

With draconian pay cuts looming in the banking industry, the last thing we’ll have to worry about is mass defections of talent. In fact, the financial sector is deflating these days as fast as the Heene’s balloon, causing the number of job openings for “financial products” specialists to shrink by the hour. How times have changed! Just a few short years ago, Ken Lewis, Bank of America’s recently deposed CEO, might have taken his whole team of traders and MBAs and started a new bank. These days, though, they’re a glut on the market. About the only place the leverageurs are getting sympathy is on the op-ed page of » Read the full article


TODAY'S ACTION for Friday

Rally ‘on probation’

by Rick Ackerman on October 23, 2009 2:50 am GMT · 0 comments

This rally’s on probation, as far as I’m concerned — although if it gets far enough to trip the short I’ve recommended in the Diamonds, bulls will likely have the edge when next week begins.


Rick's Picks for Friday
$ = Actionable Advice + = Open Position
Current  Actionable  Open
All Picks By Issue:

GS – Goldman Sachs (Last:183.65)

by Rick Ackerman on October 23, 2009 2:04 am GMT

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ESZ09 – E-Mini S&P (Last:1091.25)

by Rick Ackerman on October 23, 2009 2:17 am GMT

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DXY – NYBOT Dollar Index (Last:75.09)

by Rick Ackerman on October 23, 2009 2:28 am GMT

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DIA – Diamonds (Last:98.76)

by Rick Ackerman on October 23, 2009 2:36 am GMT

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