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Wall Street Roundup: Junk bonds shine. Soros and Greenspan are gloomy.

October 8, 2010 |  8:57 am

Losing jobs but not hope. The American economy lost 95,000 more jobs last month, but investors are hopeful because the news could force the Federal Reserve to pour more money into the economy.

Soros and Greenspan are gloomy. In separate appearances, George Soros bemoaned the continuing problems with the financial industry while Alan Greenspan worried about the growing national debt.

Junk bonds shine. As interest rates linger around zero, investors with money to spend are flocking to high-yield junk bonds, helping out Michael Milken's old comrades.

Nobel's money prize. Now that literature and peace are out of the way, bettors are turning to gamble on the likely winner of the Nobel Prize in economics, scheduled to be announced on Monday.

California bound tailor. A Connecticut tailor who is famous for serving the hedge fund community is looking to California for growth.

-- Nathaniel Popper in New York

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