If everyone is scared to go into an asset class, then there will be no competition and prices will not get bid up.
CEO says bonds a bad bet for the average retail investor
As the Financial Industry Regulatory Authority Inc. begins its sixth year of existence, the perception of its relationship to the market it oversees has taken on new importance. Its self-description as an “independent regulator” has drawn new scrutiny in recent months, after legislation that would establish one or more self-regulatory organizations for investment advisers was introduced in the House. Finra is lobbying fiercely on behalf of the bill and covets the role of the adviser SRO.
Dan Fuss is steering clear of Treasuries. That may be smart: The rise in interest rates over the past five days threatens holders of longterm notes.
In a surprising move, Rep. Spencer Bachus put his controversial adviser SRO bill on indefinite hold, stating no oversight measure will get out of committee without bipartisan support. That could take some time.
The race for the presidency may be a real squeaker. But when it comes to attracting donations from investment advisory firms and wirehouses, Mitt Romney is winning in a landslide.
Bank is losing ground to competitors such as Bank of America, Wells Fargo and Morgan Stanley
