DB-NYSE: It’s even worse than we thought
February 15 | Posted by mrossol | EconomicsDB-NYSE: It’s even worse than we thought – MarketWatch.
” …The NYSE isn’t alone. A multitude of U.S. companies have miscalculated and lost muscle on the global stage: Anheuser-Busch and Lehman Brothers for two, and even Facebook has significant foreign ownership after Goldman Sachs Group Inc. bungled its private fund-raising effort.
But the NYSE stands out because its mythical status towers above those names. Losing the Big Board and its iconic trading floor, even if it’s become a symbolic relic, is a painful reminder that U.S. institutions have lost their edge in the global marketplace. Not that they’re not players, but they no longer dominate….
Leave a Reply
You must be logged in to post a comment.