Why Big Banking's Loss Is a Gain for Investors
The guest on this week's nationally syndicated Motley Fool Money radio show is Daniel Gross, author of the new book Bigger, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy. In the past, financial stocks have accounted for upwards of 40% of the value of the S&P 500. In this audio segment, Gross shares why getting that number closer to 10% to 15% is better for the overall market environment, despite what it may mean for the likes of Bank of America and Citigroup.
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At the time this article was published Chris Hillowns no shares of any of the companies mentioned. The Motley Fool owns shares of Citigroup, Bank of America, Wells Fargo, and JPMorgan Chase and has created a covered strangle position in Wells Fargo.Motley Fool newsletter serviceshave recommended buying shares of Wells Fargo. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.
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