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Toddo on TV: As Financials Go, So Goes Tape


Markets, movers and more.

With financial stocks like Lehman Brothers (LEH) and Morgan Stanley (MS) continuing to take
their lumps, Toddo adds color, noting that financial firms are an encapsulation of the economy. From credit to derivatives to risk appetites to smoke in the system, they sum it up. Financials comprised 25% of the S&P in 2000. That's since dwindled to 16%, but it's still a structural influence.

The former hedge fund manager then vows to never, ever say the word "financial" again.

No positions in stocks mentioned.

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