That has worked at other times, to
water down investor protection and enforcement.
Not exact matches
This makes three weeks of regular warnings from Goldman and other banks that stocks have soared on a wing and prayer, with
investors hoping for, and pricing in, something that may be forthcoming only belatedly, if at all, and only in much
watered down form, and perhaps without much effect on corporate earnings after all, especially since the US corporate tax code, as it is, already provides companies countless ways to shelter their income.
But «buy - and - hold»
investors in the S&P 500 Index are still 25.5 %
down from the levels of 10 years ago, the Dow Jones Industrial Index a similar 23.5 % lower and the Nasdaq Composite Index a massive 52.5 % under
water.
Some
investors don't like this
watering -
down of biotech exposure, while others like the idea of a slightly more diversified set of investments that still focuses heavily on biotechnology.
Some bond issuers have
watered down covenants designed to protect
investors if these investments get into trouble.
So, I think by not buying more of stocks he already owns he is
watering them
down in much the same way an individual
investor would be when he sells all the stocks he owns in equal proportions.
Investors that can't handle the volatility of his investment style may end up selling at the bottom of a draw
down rather than at the peak of his hedge fund's high
water mark.