News. Bank of America and Citigroup declined at least 6.8 percent in pre-market trading after the Wall Street Journal reported early results of the government’s so-called stress tests show the companies may need additional capital.
Bottom line. We are not yet out of the woods. It will take some time for the financial system to heal. Out financial risk indicator remains at high levels. It is crucial, in my opinion, to remain flexible and patient in the current environment. Risk management is very important in the current economic and financial environment.
To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs. I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes. George Dagnino, PhD
Editor, since 1977
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