Many high finance blogs just “stink,” David Weidner writes, but discerning “Wall Street junkies” can depend on a few that engage top talent and often scoop major news organizations. He runs down 10 of the best news and analysis sites in the Wall Street Journal, “skipping the stockpickers or pure investing sites.”
- The Big Picture: Fund manager Barry Ritholz's site is "beautiful," "updated frequently," "written in plain English," and counts Nouriel Roubini and the Fed as readers.
- Clusterstock: Sure, the site posts "uneven content prone to the hysterical overstatement," but sometimes it gets a "real scoop."
- Dealbreaker: The brainchild of a former Gawker editor is "full of Wall Street snark and has a potty mouth to boot." Maybe that's why Jamie Dimon is said to be a repeat customer.
- The Epicurean Dealmaker: Run by an anonymous banker, "the posts aren't frequent, but when they come they are nothing short of spectacular." Sample quote: "Don't look to investment bankers for answers on how we got here. We don't know and we don't care."
- GoldmanSachs666: Think Goldman is out to get you? This is your site. The credo maintains that the bank's activities are destructive "to our lives and the hopes and dreams of our children."
- Zero Hedge: Or perhaps you're a fan of Fight Club. Head here, where founder "Tyler Durden" maintains that "the current model is flawed and a deleveraging at every level of modern society is needed." Philosophy aside, "they keep the site hopping with dense and dirty analysis of breaking news."
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