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"Stocks and other (risk) markets have gotten ahead of themselves," says portfolio manager Joe...

  • Friday, August 24, 2012, 12:31 PM ET
    "Stocks and other (risk) markets have gotten ahead of themselves," says portfolio manager Joe Balestrino, taking advantage of August's swoon in Treasury prices (already reversing) to buy. "(Markets are) saying the fiscal cliff will not happen and that it looks like 4% growth." The move, says another manager, is "based on bailouts," and can turn on a dime.
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This news story has 2 comments:

  •  
    Yeah, we'll be the first nation in history that printed money like there's no tomorrow and suffered no consequences. Oh sure!
    24 Aug 2012, 03:49 PM Reply Like
  •  
    I slightly increased Treasury holdings earlier this week, though I have also taken profits in equities and increased my cash position more.
    24 Aug 2012, 04:24 PM Reply Like
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