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Members of a professional soccer team and others s
2008-07-24The market was clearly relieved by the upbeat financial sector earnings reports from Citigroup Inc., JPMorgan Chase & Co. this past week. But while the old rule on the Street is that financials tend to be the group that leads the broader market higher in any rebound, investors are taking a cautious approach, waiting for more positive signs that the worst of the credit crisis is behind financial companies.
\"At what point do buyers realize that stock prices have gone too low and there\'s a real buy opportunity?\" Thain said in an interview after Merrill released earnings on Thursday. \"It for sure will happen eventually. Whenever we get these kind of crisis and panic type selling, they always present great buying opportunities for those who can overcome the fear.\"
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