[video] Quick Take: 'Caution' Post-Financial Crisis
NEW YORK (TheStreet) -- Five years have passed since the financial collapse in 2008, and although investor confidence has improved, it still has a long way to go.
Memories are still fresh for many of when large firms like Lehman Brothers were forced to fold up shop, crumbling overnight, TheStreet's Jeanne Yurman said.
U.S. and global economies fell into recession, and they have fought back out of it -- for the most part -- and new regulations have been installed in the banking industry in an attempt to prevent another financial crisis.
However, "too big to fail" is still alive, according to Nick Colas, chief market strategist at ConvergEx. He said that between the Federal Reserve and U.S. government, he doubts they would both let a major banking firm go under.Scott Wren, senior market strategist at Wells Fargo Advisors, added that the level of caution from investors has eased a bit, but is still apparent when they make everyday investment decisions. While many may have their doubts, Yurman added that the banking industry seems to be safer, with higher capital reserve requirements and stricter lending policies. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV