Monday, July 12, 2010

Wall St. Hiring in Anticipation of an Economic Recovery - DealBook Blog - NYTimes.com


The New York Times carried this article the other day on the front page. I'm not sure why this was such an important story, but perhaps the Times was trying to suggest that Wall Street seems to be recovering faster than Main Street.

However, I would note that historically Wall Street managements have done a pretty poor job in anticipating their needs for employees. Put another, it is an old axiom of the markets that you should sell stocks when Wall Street is hiring, or vice versa.

Stay tuned.

Wall St. Hiring in Anticipation of an Economic Recovery - DealBook Blog - NYTimes.com

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