CAN ONLY PRESS NOSES AGAINST WINDOWS FULL OF CHEAP SWEETS: CASH-POOR FUNDS EYE FINANCIALS
Financial stocks plunged almost 16% last quarter, and their price-to-earnings ratios are typically half that of the S&P…
Financial stocks plunged almost 16% last quarter, and their price-to-earnings ratios are typically half that of the S&P 500. Yet money managers who are dying to buy these stocks don't have enough cash to do so.
The reason? Investors yanked more than $4 billion out of financial services mutual funds
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