Based on previous financial, um, issues I sit firmly in the latter. Junk bonds was a previous sub-prime, and there have others all the way back to the tulips in the seventeenth(?) century. Then there was the LIBOR rate scandal. Guinness insider trading (amongst others). The list goes on.
Financial services are based on gambling; not that the market will always go up, but that you are sufficiently ahead of others that you make the most.