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Siebert: A career of firsts Many people on Wall Street who knew Muriel Siebert well called her "Mickie."  Other people who interacted with her or conducted business with her firm knew about the Chihuahua dog that always tagged along. The dog even shared her office and sometimes interrupted meetings, often scrambling around the office craving attention. Visitors wouldn't dare complain. On the Street, everybody familiar with her knew about her long career of firsts--the first woman to become a member of the New York Stock Exchange, the first woman to become New York State's top banking regulator, one of the first to found her own brokerage firm, and arguably the first icon in the securities industry for all the women who've followed behind. They knew, too, about her dogged, determined ways, her bold, sometimes brash manner in speaking up on behalf of women. She thrived in one of the most recalcitrant environments, where men ruled the industry as if it were a college

Market events mean no time for rest? If history repeats itself or if tradition rules, then the waning days of summer in finance and markets should be marked by doldrums, inactive markets and dreading Labor Day. But once again August has thrown a soft curve ball--with market volatility, big institutions confronting legal issues, and a band of activist shareholders causing havoc in boardrooms. Nothing that has caused market nightmare, but enough to cause a little upheaval in what should be dull days before mid-September.  The Augusts of 2011-12, recall, were upended by disgusting debates in U.S. Congress about government deficits and debt.  The tale of the "Whale" and the $6 billion in trading losses at JPMorgan from 2012, events we thought had faded from everybody's attention, plopped up again when government regulators and law-enforcement officials decided to place criminal charges against some banks officials for hiding information about the losses and acting

In the beginning of 2013 hardly anybody will predict that the US market will experience the so called "Runaway bull market"! Runaway bull market means that the market is rising without a 20% correction. If we look back at the history, the last >20% correction was in 2011 August - the debt ceiling crisis. Prior to that was the 2008-2009 prolonged bear market that the DJIA was wiped out by more than 50% from its peak of 14,000.  Nobody can predict accurately when is the next major market correction but there are a few factors that will determine the direction of the market: the Fed, the interest rates and the slowdown of the Chinese economy. To a lesser extend, some may even think that there could be a commodity crash but I think the possibility is low, but I would not rule out completely as 120 years ago in 1893 there was a stock market crash sparked by the Sherman Silver Purchase Act that caused massive bank failures during that time. Malaysia market so far has been quite