Private Equity Placement Financial Stocks Continue Decline

“Private Equity Placement”: Investors continue to exit financials despite short-selling ban

“Private Equity Placement”, the European-based wealth management firm which was reportedly critical of the ban on the short-selling of the shares of financial stocks in several global bourses is unsurprised that the slide in the protected stocks continues unabated according to an unnamed source. The “Private Equity Placement” source said that the ban, set to run until January 16th 2009, failed to halt the declines because investors remained concerned about counterparty risks in the shadow banking system in general and the credit-default swaps market in particular. “Private Equity Placement” have advised clients to acquire keenly priced stocks in technology, mining and utilities companies for long-term growth. According to the source, “Private Equity Placement” do not see an end to the volatility in financial shares until the effects of the recently-announced $700 billion US Treasury initiative became clearer.