Ashish S

Why Merrill's CDO Sale Doesn't Mean Big Writeoffs Elsewhere

Absolutely agreed Tom. Saying every CDO needs to be written down to 22c (or 5c depending on how you view it) is like saying every stock needs to be marked down to $2 (or $10) because that's where BSC went. Ok, not the same .. but u get the idea ..

Biggest Winners and Losers Since the 5/19 Top

Financials are still really volatile and risky because not many people know what is going on and there are not too many signs things are over. Meanwhile, the market decline has made growth stocks like technology and health care more attractive. I think a good play is to buy volatility during periods of rallies in the market -- especially for financials.