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November 6, 2012
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  Top Story 
  • Analysts: Wall Street ripe for a rally
    Relief from the uncertainty about who will spend the next four years in the White House could well be enough to trigger a rally on Wall Street on Wednesday, analysts said. Who wins is less important than bringing the presidential campaign to an end, they said. Los Angeles Times (tiered subscription model) (11/6) LinkedInFacebookTwitterEmail this Story
  • Analysis: Washington and Wall Street face "fiscal cliff"
    If Congress does not take action on the "fiscal cliff," some say it will push the U.S. back into recession and roil the markets. Others anticipate a rather sanguine reaction from the markets. Many on Wall Street expect Congress to postpone the changes. Meanwhile, Andrew Ross Sorkin writes in The New York Times that the results of the presidential election won't do away with the uncertainty that is widely given as the reason the U.S. can't produce a robust economic recovery. Reuters (11/6), The New York Times (tiered subscription model)/DealBook blog (11/5) LinkedInFacebookTwitterEmail this Story
  Industry Update 
  • Bond investors worry about Bernanke's fate after election
    Bond investors say the "fiscal cliff" will be something to worry about regardless of who wins today's presidential election -- Barack Obama or Mitt Romney. However, the outcome could affect another issue close to bond investors' hearts: The retention of Ben Bernanke as chairman of the Federal Reserve. If Romney is in, they say, Bernanke will most surely be out. Reuters (11/5) LinkedInFacebookTwitterEmail this Story
  • Elizabeth Warren aims to break up Wall Street banks
    Elizabeth Warren says she will work to break up the Wall Street banks if she wins a Senate seat from Massachusetts in today's election. Lawmakers should consider readopting the Glass-Steagall Act, which separated investment banking from commercial banking, she said. Recent polls give Warren a small lead over incumbent Sen. Scott Brown, R-Mass., in the race. The Huffington Post (11/5) LinkedInFacebookTwitterEmail this Story
  New York Focus 
  • N.Y., N.J. threatened by new coastal storm
    Areas battered by Superstorm Sandy are now threatened by a second coastal storm that is expected to reach the New York-New Jersey area today, bringing with it 65 mph winds and flooding. The storm could delay efforts by utility companies to restore power to the hundreds of thousands of people who still don't have electricity, officials said. The Wall Street Journal (11/5) LinkedInFacebookTwitterEmail this Story
  On The Economy 
  Financial Products 
  • Pyxis prepares to debut leveraged-loan ETF
    Pyxis Funds, formerly Highland Funds Asset Management, is set to launch on NYSE Arca an exchange-traded fund that invests primarily in below-investment-grade leveraged loans. The Pyxis/iBoxx Senior Loan ETF will be linked to the Markit iBoxx USD Liquid Leveraged Loan Index. Superstorm Sandy delayed the ETF's debut. (11/5), InvestmentNews (free registration) (11/4) LinkedInFacebookTwitterEmail this Story
It's impossible to move, to live, to operate at any level without leaving traces, bits, seemingly meaningless fragments of personal information."
--William Gibson,
American-Canadian author

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