Financial Markets: The Era of Caution [View article]
LLOk anyone who invests in financials is NOT using caution. Some rouge employee or Mozilo like CEO can cripple even the best institution .Since 1957-2003 18 of the top 20 companies factoring in reinvested dividends were conumer goods or pharma. Altria was BY FAR number 1 and is still "cheap" . Financials have NEVE been certain. Who can understand a CDO? What sane person gives aloan for more than ahouses "inflated value"?
Financial Markets: The Era of Caution [View article]