Worst week since 2008, which was the last time there were deep layoffs at the company. PAS / mutual fund revenue just took a 20% haircut in the last few months. Money markets are the new cash cow, but is it enough to keep the ax from coming down?
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I pulled a huge chunk of my accounts out of Fidelity when Ned left. Glad I did before all the good employees are gone.
Thinking same.