Posted on 06/08/05
Financials are facing downsides
A weekly examination of the thinking behind a specific trade in the stock, bond or currency markets.In the wake of CIBC's $2.4-billion (U.S.) lawsuit settlement bombshell, it's not too difficult to find people unloading shares in the financial sector. However, the analysts behind this week's trade don't advise selling financials because everyone else is doing it, but because insiders have been selling.
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