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Lilly Taps Hedge Fund

... is changing, and Lilly is trying to change," said Les Funtleyder, a pharmaceutical analyst at Miller Tabak & Co. in New York. Funtleyder said he had never heard of a drugmaker tapping hedge fund money for drug development. TPG-Axon, which mainly buys shares in insurers and basic manufacturers, dipped its toe into drug development financing less than two years ago. Lilly also is trying...

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'Small-Cap' Stocks Bite the Bear

But while that strategy has paid off in some previous down markets, it's not doing so in 2008: So far this year, small stocks have fallen notably less than their large brethren. And over the past couple of months, small stocks have posted an even greater "rally back than the rest of the list," says Phil Roth, chief technical strategist at Miller Tabak, a trading firm for institutional...

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Market Adjusts to Weakening Labor Picture

Tony Crescenzi is the chief bond market strategist at Miller Tabak + Co., LLC, and advises many of the nation's top institutional investors on issues related to the bond market, the economy and other macro-related issues. At the request of the Federal Reserve, Crescenzi is a regular participant in the board's Livingston Survey of economic forecasters. He is also the author of the revised...

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The Dow's Dive

Miller Tabak strategist Peter Boockvar says investors finally wised up that the recent drop in oil prices is really not a reason to celebrate. "Over the last week, we've seen the flip side of the coin for lower oil prices. Lower oil is great, and it puts money in people's pockets, but people finally woke up and realized this is happening in the context of slowing global growth."

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Wall St set to open lower on economy worry

... world. I think that's what's pressuring things here," said Peter Boockvar, equity strategist at Miller Tabak & Co in New York. "I think people are waking up to the fact that the drop in oil is not happening in a vacuum. It is happening in the context of growth slowing around the world."S&P 500 futures fell 3.20 points and were below fair value, a formula that evaluates pricing by...

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Corrected: Wall St set to open lower on economy worry

... world. I think that's what's pressuring things here," said Peter Boockvar, equity strategist at Miller Tabak & Co in New York. "I think people are waking up to the fact that the drop in oil is not happening in a vacuum. It is happening in the context of growth slowing around the world."S&P 500 futures fell 3.20 points and were below fair value, a formula that evaluates pricing by...