The top 100 stock
market authors
selected for publication
market authors
selected for publication
Lockstep Investing » Comments » Single Comment
Comments by Ticker
69 comments
Rating: 4
(16 
-
12 
)
-
12 )
-
The Seeking Alpha 100
See all
Seeking Alpha 100 » -
Fastest Climbers
Authors with the largestSee all
increase in followers
in the last 7 days
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most activeSee all
Instabloggers.
Top Instabloggers » -
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
-
My friend, you are an idiot. Buying AIG because you think the sum of the parts = $10 when they admit they have $500B in unhedged credit default swap exposure is really short sighted.
Feb 25 18:31 pm
|Rating:
0
0
All Comments by Lockstep Investing »E*TRADE Financial: It Was Good to Be Long [View article]
It does not matter if the company is worth $1T, if you don't have at least $250B in cash laying around as a company to meet the CDS collateral requirements, you are toast. That is what is happening to AIG. If you did not know that in Sept or now, you are investing with like a driver with their eyes closed.
Buy index funds and don't complain about how much social security pays.