The guest on this week's nationally syndicated Motley Fool Money radio show is Daniel Gross, author of the new book Bigger, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy. In the past, financial stocks have accounted for upwards of 40% of the value of the S&P 500. In this audio segment, Gross shares why getting that number closer to 10% to 15% is better for the overall market environment, despite what it may mean for the likes of Bank of America and Citigroup.
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Chris Hill owns no shares of any of the companies mentioned. The Motley Fool owns shares of Citigroup, Bank of America, Wells Fargo, and JPMorgan Chase and has created a covered strangle position in Wells Fargo. Motley Fool newsletter services have recommended buying shares of Wells Fargo. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.