"History is a wonderful thing, if only it was true"

Thursday, May 08, 2008

Investment Banking

Summary is that Investment Banking is not a great place to be for some time to come:

Taking a closer look at today's market action, with Stephen Wood, Russell Investments portfolio strategist; Michael Aronstein, Oscar Gruss chief investment strategist; and CNBC's Dylan Ratigan.

Video - CNBC.com

I concur ... massive repricing of risk and growing conservatism by bankers.

No comments: