Forbes Intelligent Investing Panel: Investing in Stock Markets and Airlines (a two-for-one feature)

July 28, 2009

NYX and NDAQ could be valuable buys if you think the IPO market is opening up.

With 

  • Greg Ghodsi, Senior Vice President at Raymond James & Associates' 360 Wealth Management Group;

  • Sacha Millstone,  Senior Vice President with Raymond James & Associates' Millstone Evans Group; and

  • Bill Singer, Shareholder in the Securities Practice Group of the law firm Stark & Stark and Publisher of http://BrokeAndBroker.com and http://RRBDLaw.com

    Bill Singer: If you are asking whether I would advocate investing in NYX (NYSE/Euronext) or NDAQ (NASDAQ OMX), the answer is "No," not at this time. I think there is growing overseas competition for the U.S. exchanges and automated quote markets both in terms of fights of listings and for trading volume. While I applaud the amazing job that Robert Greifeld, I think that NASDAQ/OMX's stature has been damaged along with many financial market aspects of the U.S. and, at best, I see Greifeld and what remains of his management team (there have been a number of high level departures in recent months) as having their hands full simply maintaining the status quo. As to the NYSE, I see equally dim prospects and the additional burden of the specialist system, albeit with ongoing conversion to automated executions. I think Asian stock markets and emerging competition from the likes of Brazil and the ongoing competition from London will pose significant challenges to efforts by NASDAQ and NYSE to remain as the two dominant world venues.

To read the entire Intelligent Investing Panel interview, visit:

http://www.forbes.com/2009/07/27/stock-markets-china-intelligent-investing-IPO.html


A SPECIAL SECOND FORBES INTELLIGENT INVESTING PANEL DISCUSSION!!! 
FREE! 
NO HIDDEN CHARGES!! 
A SUMMERTIME BONANZA!!! 
CHRISTMAS IN JULY!!!!

Unstable oil prices, bad business models, what's not to hate?

With 

  • Greg Ghodsi, Senior Vice President at Raymond James & Associates' 360 Wealth Management Group;

  • Sacha Millstone,  Senior Vice President with Raymond James & Associates' Millstone Evans Group; and

  • Bill Singer, Shareholder in the Securities Practice Group of the law firm Stark & Stark and Publisher of http://BrokeAndBroker.com and http://RRBDLaw.com

Forbes Editors David Serchuk and Alexandra Zendrian: Let's kick things off with an old joke. How do you make a small fortune in the airline industry? Start with a large fortune and invest it in airline stocks.

To read the entire Intelligent Investing Panel interview, visit:

http://www.forbes.com/2009/07/27/airlines-oil-recession-intelligent-investing-jet-blue.html

 

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