Ever wonder whats behind Wall Streets sudden mood swings?
Alfred R. Berkeley III, president of the NASDAQ Stock Market Inc., who spoke at Innovest 00 in Columbus this spring, says he found out one day while meeting with a Fidelity executive in Boston.
He had a stack of prospectuses up to here, Berkeley said, indicating a level close to his hip. He looked at me and said, I just cant deal with all these deals anymore, so Im just not going to buy anything. Needless to say, my deal didnt get done that day. Neither did any other deal in the country.