Account
The bears are warning: A herd mentality on Wall Street is driving stocks to unsustainable levels.As an extended rally prompts some strategists to raise their price targets for the year, the pessimistic ones are arguing that those prices are being supported more by performance-chasing investors than by any real improvement in fundamentals."My experience is when managers are overly focused on performance on a near-term basis, and worried they're missing out, it means they're buying stocks for the wrong reasons," said Brian Belski, chief investment strategist at BMO Capital Markets.He's sticking to his 1,575 target for the Standard & Poor's 500-stock index this year, even though the benchmark is trading nearly 5% above that target, closing Friday at 1,649.60.Stocks are in uncharted territory when it comes to the Dow Jones Industrial Average (DJI) and the S&P 500 (SPX), and this past week they faced the first real resistance since they started setting new highs in late March.Four weeks of ...
European stock markets dropped on Friday, adding to the prior day's sharp losses, as investors looked to the U.S., where stock futures pointed to a lower open ahead ...
European stock markets climbed on Friday, partly recovering from a sharp selloff the prior day, after better-than-expected German business confidence data signaled a...
U.K.'s FTSE 100 index slipped on Friday, with mining firms adding pressure as metals prices turned south and with banks building to the prior day's losses.The FTSE 1...
European stock markets climbed on Friday, partly recovering from a sharp selloff the prior day, with investors awaiting a reading on German business confidence to ga...
Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in...
Attorney Bradley Simon, Waddell and Associates President David Waddell and FBN’s Adam Shapiro on Bernie Madoff’s comments from jail.
For the past few months, the U.S. Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs t...
J.P. Morgan Chase & Co.'s (JPM) consumer-banking head, Ryan McInerney, is joining payments company Visa Inc. (V) in the latest executive departure at the nation's la...
FBN’s Adam Shapiro reports on his exclusive interview with Bernie Madoff, who is changing his story on who knew what about his infamous Ponzi scheme.
Some of the country's biggest retailers sued Visa Inc. (V) and MasterCard Inc. (MA) Thursday, arguing the world's largest payment networks have imposed anticompetiti...
A healthy -- but admittedly lonely -- Bernie Madoff told me the one thing he did right was not make his family a part of his infamous and tragic Ponzi scheme.He look...
JPMorgan Chase said it has appointed Barry Sommers, under whom the bank expanded its services to wealthy clients, to head its Chase consumer bank business.Sommers, 4...
Visa Inc. (V) and MasterCard Inc. (MA) are firing back at retail trade groups trying to derail a pending $7.25 billion settlement over so-called merchant swipe fees....
The leadership of Norway's $740 billion oil fund voted at J.P. Morgan Chase's (JPM) annual meeting to separate the roles of chief executive and chairman at the bank,...
New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a set...
U.K.'s FTSE 100 index dropped on Friday, with mining firms adding pressure as metals prices turned south and with banks extending the prior day's losses.The FTSE 100...
European stock markets added to the prior day's sharp losses Friday, tracking stocks lower in the U.S., with better-than-expected economic data failing to offset con...
U.K.'s FTSE 100 index dropped on Friday, with mining firms adding pressure as metals prices turned south and with banks extending the prior day's losses.The FTSE 100...
European stock markets added to the prior day's sharp losses on Friday, tracking stock futures lower in the U.S,. where investors grew cautious ahead of the long wee...
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2013 FOX News Network, LLC. All rights reserved.