Feeling the Capital Markets

Duncan Niederauer is a man at the center of the financial world.As CEO of NYSE/Euronext,Mr.Niederauer feels the pulse of the business world as few others can.Young entrepreneurs were in his care recently as the NYSE held Global Entrepreneurship Week-Mentoring Madness.This annual event provides advice for young entrepreneurs.They were told to not just rely on banks for financing.NYSE awarded 25,000 dollars for the best business plan.
Initial public offerings are burgeoning at the NYSE.Companies feel like the window is open,Mr.Niederauer observed.We're gonna see if there's too much supply or not.It looks pretty good so far,he said.
Mr.Niederauer thinks it's easier for China to take steps more quickly,with their political system.Can they follow through for 2010?What they're really trying to do is create more domestic demand.The U.S. and China are intelligent enough to know that a mutually beneficial relationship is the only way forward,in Mr.Niederauer's view.
The market is telling you that they believe in what the companies are doing with getting leaner.I still need to see more consumer confidence,if you want my opinion,Duncan Niederauer confided.How the economy will do next year is the big question.We'll know in the next 2-3 months,in his assessment.