The recent record market drops has caused some investors to revert "back to hoarding cash."
That's the assessment from Scott Powell, managing director of common stock and managed account investments at MEMBERS Capital Advisors. Powell said the move is being made "under the banner of protecting capital as the 'quick fix' that everyone would like to see remains no where in sight."
"Against the ongoing backdrop of predominately dismal earnings, economic and sentiment reports, now coupled with concern and trepidation over the effectiveness (or lack there of) of the new U.S. government bailout package, many traders are moving out of risk assets putting a lot of pressure on the market," Powell wrote in MEMBERS Capital's Feb. 17 MarketLine alert.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
