Why is NASDAQ's own stock price seriously underperforming the NASDAQ Composite Index?
Online Columnist Bill Singer (Singer's Discordant Notes)chides Nasdaq for its announcement that it had retained an executive search firm to find a new CEO. Read Singer's provocative analysis of how poorly Nasdaq's own stock is performing (NDAQ.ob) when compared to the Nasdaq Composite Index. Are the pros on Wall Street who own the shares sending a message? http://www.theaxcess.net/commentary_0228.html
The NASDAQ Composite Index has been doing fairly well this year --- but that it were the same for the market's own stock. Online Columnist Bill Singer (Singer's Discordant Notes) compares the performance of the Index and the market's share price and reaches some provocative conclusions. Have Wall Street's professionals lost confidence with Nasdaq? Does the drop in the market's price reflect a loss of confidence in the ability of its management to solve the nettlesome problems of the new economic realities? Is Nasdaq's battered price a harbinger of emerging competition from regional exchanges and ECNs?
Read the online column at http://www.theaxcess.net/commentary_0228.html
|