The sentiment du jour is one of suspicion

December 31st, 2007|by Michael Ashley Schulman, Perspectives, The Big Picture|

The sentiment du jour is one of suspicion. There is still a crisis in trust and confidence. Few investors believe that earnings disappointments and asset write-offs in the financial sector are over, even though bank stocks have collapsed over 40% peak-to-trough and several bank CEOs have lost their jobs as a result of colossal losses. […]