Now that the commodities stocks have been obliterated I was wondering if investors can hide in the Ambac and MBIA. They''ve help up better than most financials in the past 3 months and even had nice rallies.
They were in the news every days at the beginning of the year on banruptcy watch but while the GSEs, Lehman, Aig, Wamu, Wachovia and a buch of others have been seized the monolines are still independant. With their municipal bonds buisness they are doing ok and states and cities need them more then ever and they might be one of the safest investment out there
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5 replies to this topic
#2
sss355
Black Bear Posted 04 October 2008 - 08:31 AM
as they have the right to put assets worth 0 to the taxpayer at 100.
#3
bearking
Skunk man to the rescue!
Posted 04 October 2008 - 09:27 AM
good luck with that one.
#4
TheWolf
In Pyramid Schemes We Trust
Posted 04 October 2008 - 09:36 AM
Hitting on 20...another good one ...nm
The Markets Explained
Money Creation FAQ Marginal Productivity of Debt – Peak Debt Reached in 2006 The Magic of Internet Prognostications Revealed #5
gjohnsit
Grizzly Bear Posted 04 October 2008 - 10:56 AM
Did you buy Pets.com too?
"He who sells what isn't his'n
Must buy it back or go to pris'n." - Daniel Drew "I am a rich man as long as I don't pay my creditors." - Titus Maccius Plautus (c. 254-184 BCE) #6
TahoeBear
Black Bear Posted 04 October 2008 - 11:30 AM
I might have purchased some pets.com if the government launched a $700B bailout of the dot-coms.
The problem with making bets on specific companies is that the central planners are going to be selective in who they bailout. On the other hand, GS is probably pretty safe. I''m sure if they get in enough trouble, they''ll get their own printing press. 0 user(s) are reading this topic0 members, 0 guests, 0 anonymous users |
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