10-10-2013, 09:16 AM
Well the article says Fidelity has done this before, in 2011, but it does show that major investment firms seem to think a default is not that outlandish of a possibility.
Also says Fidelity has moved "a significant portion" of its portfolio to cash.
Definitely seems like there's a gearing up for a market crash, which will probably be followed by a good pouncing back on stacks that turn into bargains.
Also says Fidelity has moved "a significant portion" of its portfolio to cash.
Definitely seems like there's a gearing up for a market crash, which will probably be followed by a good pouncing back on stacks that turn into bargains.