Blocks fall victim to new ECM caution as markets turn rocky

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Blocks fall victim to new ECM caution as markets turn rocky

worried traders
Stock traders checks out a graph showing activity of US interest rates over one year in a business bank, in Paris, Monday, Dec. 12, 2011. Enthusiasm for riskier assets such as stocks and the euro faded Monday as investors worried that Europe's new pact aimed at fixing the continent's debt crisis would be insufficient. (AP Photo/Michel Euler) | Michel Euler/AP/Press Association Images

Disappointing secondary and primary markets are leading to increased caution among ECM investors, two deals showed this week, as accounts enter large, liquid and well known stocks that are easy to escape in a crisis — and disregard smaller ones.

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