Stocks go decimal on eve of new bull market.
The days of listing stock prices in fractions belong to history. The United States has 85 million investors, notes NYSE Chairman Richard Grass, and the move to decimalization will strengthen pricing transparency for all investors. The move may add to price volatility, but it will provide investors with a still more accurate accounting of their portfolios and clearer insights into the spreads between buy and sell prices. No, says one of Wall Street s most prominent analysts. Goldman, Sachs Managing Director Abbey Joseph Cohen told a seminar at the World Economic Forum that last year was the time to worry about market risks, not this year.