For investors, a moment of optimism
Although the recession is still on the forefront of many investors' minds, Brown says Wall Street is optimistic. The relative stability of asset markets, rise within market charts, and growing compensation of advisors has brought a welcome change in atmosphere to the floor.
Although the recession is still on the forefront of many investors' minds, Brown says Wall Street is optimistic. The relative stability of asset markets, rise within market charts, and growing compensation of advisors has brought a welcome change in atmosphere to the floor.
It's a tough moment to beat for my profession 鈥� investors have been returning to the markets and putting money to work, asset markets have been fairly non-volatile and almost all market charts are moving "up and to the right." The fear of crises past is still with us 鈥� which is restraining the behavior of many in a very healthy way - but investors are once again recognizing the value of long-term asset management and wise counsel.
A glimpse at what this kind of atmosphere translates to via Diana Britton at WealthManagement.com:
Need I quote Lou Mannheim from Wall Street here? Okay, I shall... "Kid, you're on a聽roll. Enjoy it while it lasts, 'cause it never does."