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

"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.
Comments (2)
  • fred1724
    , contributor
    Comments (64) | Send Message
     
    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
  • Herr Hansa
    , contributor
    Comments (3080) | Send Message
     
    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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