Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors (2005) is a book by American journalistCharles Gasparino and published byFree Press.[1]
Gasparino originally broke the story of thedot-com bubble and impending stock market crash while writing forThe Wall Street Journal (WSJ) and he won theNew York Press Club award for coverage of this and related Wall Street research scandals.[2] His WSJ articles prompted then New York State attorney generalEliot Spitzer to launch an investigation.Blood on the Street is a more in-depth analysis of the dot-com bubble of the late 1990s-early 2000s, described how it happened and who were largely responsible.
Barron's named the book one of the best of 2005, noting itdetails how corrupt research proliferated during the dot-com boom. Although the boundless optimism of that era has faded, the lessons are well worth remembering.[3]
Hank Boerner inCorporate Finance Review writes that the book isa very thorough narrative of the "financial analyst scandals" that led to the global settlement.[4]
