Meredith Whitney: “I would diversify out of financials here”

The statements coming from Meredith Whitney in this video interview with CNBC’s Maria Bartiromo could not be more blunt: the financial serves sector is weak, needs bailout money and investors will be diluted. As a result, she expects selling pressure to continue. She also mentions that a number of shotgun weddings are likely in order to stave off bankruptcy amongst weaker firms – the unstated quid pro quo obviously being bailout money for the acquirer.

This is a very good video to get a broad sense of the state of financial services.

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The statements coming from Meredith Whitney in this video interview with CNBC’s Maria Bartiromo could not be more blunt:  the financial serves sector is weak, needs bailout money and investors will be diluted.  As a result, she expects selling pressure to continue.  She also mentions that a number of shotgun weddings are likely in order to stave off bankruptcy amongst weaker firms  – the unstated quid pro quo obviously being bailout money for the acquirer.

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This is a very good video to get a broad sense of the state of financial services.

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