Hedge-Fund Ownership Of Financials At All-Time High

`` During the quarter, hedge funds increased their ownership in financial stocks by 55% to $70 billion, compared with the previous quarter. The funds now own 3.7% of the sector's market capitalization, according to a Goldman Sachs research report released Monday. That's an all-time high, the report said. Among their favorites were the big banks, including Bank of America Corp. (BAC) and J.P. Morgan Chase & Co. (JPM)'' -- Be afraid?