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Top Firm Said To Be Paying Mid-Year Bonuses

Your Bonus Here

Dow Jones Newswires reports that, according to an unnamed 'person familiar with the matter', the value of the $700m allocated to Credit Suisse bankers in 2008 in deferred bonuses from a $5bn pool of toxic assets, has declined in value in 2010.

Perma-Bear Sees Massive Stock Drop

The Wall Street Journal's 'Heard on the Street' column reports that SocGen strategist Albert Edwards, the man whose late 1990s prediction of a long 'Ice Age' for stocks came true, is now suggesting that fair value for the S&P 500 is around 450 - some 60% below its current level.