On a general note regarding the major market, a bu
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Posted On: 04/13/2014 11:50:10 PM
On a general note regarding the major market, a business executive whose opinion I respect sees parallels to 1987. From 1982, the market had risen steadily until a sharp correction began in October of 1987; DJIA down 23% in one day. It took two years to regain pre-correction highs.
In March, he hinted that all wasn't well in the big bank sector. Coincidentally, about two weeks later, five of the biggest banks failed a Fed stress test. Keeping money in small banks with high ratings and unquestioned solvency is preferable now to accounts in big banks, in my view.
In March, he hinted that all wasn't well in the big bank sector. Coincidentally, about two weeks later, five of the biggest banks failed a Fed stress test. Keeping money in small banks with high ratings and unquestioned solvency is preferable now to accounts in big banks, in my view.
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