It also says that bonuses peaked in 2009, which, too, appears to be wrong. According to this table from the New York comptroller’s office, Wall Street bonuses totaled $22.5 billion in 2009. That was down, again according to the NY comptroller, from 2006, when banks paid $34 billion. Last year, Wall Street firms paid out $20 billion in year-end payouts.
Is There a New Metric of Success on Wall Street?
About 80 percent of companies traded on both the New York Stock Exchange and Nasdaq fell, while all 10 S&P 500 sectors ended down. Financials .SPSY and materials were the weakest of the day, with both falling about 2.5 percent. Both groups are closely tied to the pace of economic growth, as are energy shares. However, losses in that group were offset by a 2.8 percent rise in crude oil. “The potential disruption of Middle East oil supply will not only provide support for commodities, but this is a sector that has underperformed, where valuations are compelling,” said Grohowski, who helps oversee $175 billion in client assets in New York. The Dow Jones industrial average .DJI was down 170.33 points, or 1.14 percent, at 14,776.13. The Standard & Poor’s 500 Index .SPX was down 26.30 points, or 1.59 percent, at 1,630.48. The Nasdaq Composite Index .IXIC was down 79.05 points, or 2.16 percent, at 3,578.52.
Wall Street posts worst day since June on Syria concerns
Just add items to create a watchlist now: By David Weidner , MarketWatch SAN FRANCISCO (MarketWatch) Investors have been complaining about unfair treatment in the markets since they started trading stocks under the buttonwood tree at 68 Wall St. more than 210 years ago. Need to Know: Crucial gut checks before the U.S. markets open /conga/story/misc/ntk_sixwide.html 242157 So, the hand-wringing that followed last weeks black squirrel as MarketWatch columnist Chuck Jaffe described the trading glitch shutdown at the Nasdaq, operated by Nasdaq OMX Group Inc.
How ‘black squirrels’ infested Wall Street
Then came the fall of 2008 and a quiet-yet deafening paranoia and fear swept the Industry. You could feel Darwinism in the air. Managers were eyeing their employees — what exactly did some of these people do and how did they get away with underperforming for so long? They made headcount calculations of those that needed to be let go and justifying their own jobs by immediately pointing blame anywhere but themselves. Peers who once worked side-by-side and shared all their personal and professional experiences together turned on each other to ensure their own success. Insecurity reigned supreme. The financial crisis brought the out the worst in everyone’s persona. But on Main Street, it was a http://www.elevationgroup.com/ struggle for actual survival, for keeping a home, providing for families.