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Byron Wien Dies At 90 After Legendary Wall Street Career
Thursday, October 26, 2023 - 4:44pm | 411Byron Wien, former chief U.S. investment strategist at Morgan Stanley, died Wednesday at the age of 90. Wien was still working on Wall Street, serving as a vice chairman in Blackstone’s private wealth business up until his death, Bloomberg reports. Wien earned a name for himself on Wall...
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2 Pros Say Markets Are Unfazed By Trade Disputes
Wednesday, September 26, 2018 - 1:37pm | 561Is the stock market pricing in a favorable outcome to President Donald Trump's tough trade rhetoric against China? Byron Wien, vice chairman of private wealth solutions at Blackstone Group LP (NYSE: BX), said yes, although it's possible the trade war could worsen before it...
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Blackstone's Vice Chairman Explains Why The Market Is Due For A Correction
Wednesday, March 22, 2017 - 1:21pm | 371Byron Wien, Blackstone's multi-asset investment group vice chairman, was a guest on CNBC and explained why he felt the stock market is due for a correction. Wien pointed out that the stock market has seen gains nearly every single day since the 2016 election under the assumption that President...
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Blackstone's Byron Wien: 2016 Will End Up Being 'A Down Year For The Market'
Thursday, July 21, 2016 - 9:41am | 269Byron Wien is Blackstone's vice chairman and a senior adviser to the world's largest alternative asset management firm. When he speaks, investors listen. And when he is bearish on the market, investors listen even more closely. Speaking to CNBC Wednesday afternoon, Wien said that 2016 will prove to...
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Investing Guru Byron Wien Says Diversification Is 'For The Weak-Minded'
Monday, June 20, 2016 - 4:04pm | 293Do you diversify your portfolio across various sectors? Most investors believe diversification reduces volatility in an investment portfolio and offers greater protection versus "putting all your eggs in one basket." If your portfolio is diversified then you are a "weak minded...
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Byron Wien's Update On Correct Predictions: Watch Biotech, Junk Bonds And Oil
Monday, July 13, 2015 - 2:42pm | 415Byron Wien, vice chairman of Blackstone Group LP (NYSE: BX)'s Blackstone Advisory Partners, wrote in his list of "10 Surprises" for 2015 that "high yield becomes the best performer of the various asset classes as the U.S. economy continues to grow with no recession in sight." Now...
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Byron Wien On What He Got Wrong: Annual '10 Surprises' Predictions Update
Monday, July 13, 2015 - 2:26pm | 363Byron Wien, vice chairman of Blackstone Group LP (NYSE: BX)'s subsidiary Blackstone Advisory Partners, is famous on the Street for his annual list of "10 Surprises." For the past 30 years, Wien has rung in the New Year with his predictions, some which come true, while others never quite happen....
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2013 Market Predictions From 10 Top Money Managers
Friday, February 15, 2013 - 4:17pm | 1154The stock market has had a solid start to 2013, but what do investors see for the rest of the year? Plenty of money managers prefer to keep their views private, but a few don't mind making public predictions. As most of these investors manage billions of dollars, their expectations for the market...
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Be Like Byron Wien With These ETFs
Thursday, January 3, 2013 - 8:53am | 700Blackstone (NYSE: BX) Vice Chairman Byron Wien published is always highly anticipated list of yearly surprises on Wednesday, a tradition Wien started in 1986 when he was the Chief U.S. Investment Strategist at Morgan Stanley (NYSE: MS). Some of the predictions, such as the calls that Iran will...
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Record Bearish Options A Buy Signal?
Monday, June 7, 2010 - 10:21am | 217See Some of the Top Moving Indexes Here. According to Business Week, option contracts that pay off should the benchmark index for U.S. equities plunge more than 23% from its April highs are 75% more expensive than contracts speculating on gains. This is the biggest premium ever, and Blackstone's (...
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Japan is Recovering Says Government
Monday, March 15, 2010 - 8:50am | 322The Japanese government raised its view of the economy for March, the Wall St. Journal reported today. It was the 1st time in 8 months. The report was released by the Office of the Cabinet. The report emphasized that the risk of prolonged deflation choking off the nation's nascent recovery still...
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Byron Wien Reiterates - Japan to Outperform in 2010
Monday, February 22, 2010 - 4:36pm | 221Byron Wien, of Blackstone Advisory Services was on Wall St. Journal Report with Maria Bartiromo, this weekend. Wien reiterated some of his 10 unexpected events. He thinks rates are going up this year, both discount and the Fed rate. As a result he expects the American stock market to experience...
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Byron Wien’s Top 10 Predictions For 2010
Thursday, January 7, 2010 - 9:54am | 535Byron Wien, the 76 year old Vice Chairman of Blackstone Advisory Services and one of Wall Street’s best known veterans, has published his top 10 predictions for 2010. Mr. Wien has been publishing his list of economic, market and political surprises since 1986. Here are Mr. Wien’s top 10...
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Byron Wien’s Accurate Calls For 2009
Tuesday, January 5, 2010 - 9:07am | 102Byron Wien was quite accurate with his predictions for 2009 which raises expectations that his predictions for 2010 will also be quite on target. Here are some of the predictions he made for 2009: - S&P 500 to rise to 1200: It came up to 1115. - Gold to rise to $1200 per ounce: This was on...