Thursday, September 18, 2008

Another Thing...

Just checked out the major financial stocks as I do regularly. If the Government is restoring calm and order to the system today they are doing a poor job. Almost every major financial is down, most at new lows. Goldman Sachs is down 30% these past 2 weeks, Citibank about the same, AIG down over 90%, the list goes on. These are either screaming buys or another big name is close to failure. Curiously BAC and JPM have held up ok. More curiously, we haven't heard a word from Jamie Dimon. Is no news good news?
Prepare for the worst (Citi), hope for the best (we hold 1150).

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