As a supervisory analyst at several bulge-bracket research shops, I watched the hubris of Wall Street forecasts from a front-row seat. In a triumph of hope over experience, this has not stopped me. I spent 15 years on Wall Street as an editor and supervisory analyst for equity research ...
more As a supervisory analyst at several bulge-bracket research shops, I watched the hubris of Wall Street forecasts from a front-row seat. In a triumph of hope over experience, this has not stopped me. I spent 15 years on Wall Street as an editor and supervisory analyst for equity research departments at Morgan Stanley, Lehman Brothers and JPMorgan Securities. Before that stint, I worked as a reporter and editor in Oklahoma City and New York for The Daily Oklahoman, American Banker, Dow Jones and Knight-Ridder. Please visit
The Donovan Report, my blog on markets, literature and life in America's waning days as successor to Rome.
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Latest Comments
Nasty, Brutish And Not So Short
Dear Old Time, Thanks for the kind words. I've been awfully lazy lately, but expect to get back in the game soon.
The Great Fires Of 2020
Thanks for the feedback, Bill. You make a good point. Underreported when I began assembling this piece. Maybe should have revised. Thanks again for reading and happy new year.
The Truth About Timing
Thank you, Barry.
The Truth About Timing
'Tis a conundrum at times, Alexis. One way to look at it is that the equity market purports to be a forecaster of the future. In the case of the selloff, it may be that the strong jobs numbers made its collective players (and their algorithmic robots) believe interest rates were going higher sooner.
Survey Says… Ignore The Hard Data At Your Peril
Well put, Mike. I tend to agree with you, but the jobs numbers tell a counter story don't they? In any event, thanks for the perspective on what is and what's wished for.
The Federal Reserve And The Destruction Of The American Dream
Ms. Booth, Really enjoyed reading this. I wonder, though, if the Federal Reserve is the real culprit in dream destruction. How could it have done otherwise? If not a silver bullet, weren't its policies the only responsible route? In any event, you've captured a fan.
Post-Election Humility And A Vulnerable Market
Louis, I blush. Thanks for the kind words.