Dave cautioned that we should not leave a sector until we do justice to it. He provided a handout that lists the industry sectors as categorized by Paine Webber. Fastest growing are consumer goods, technology, health care and finance. Up and coming are leisure and entertainment. Banks are consolidating, and the day is nearing that we will see a trillion dollar bank.
Banks gain by national brand marketing.
Advertising budgets are raising dramatically as banks try to become a household word. The Federal Reserve is investigating the concept of self-insuring. Add on top of this any potential unethical behavior, and the risk is high. With this type of concentration of assets, perception changes can cause a run on an institution.