simjos04

Preferred Stocks Get Crushed

look at anything from insurance giants PUK & AEG. I thought preferreds were somewhat immune with the 5 year call option and better than any instrument in terms of yield and have been burned the last month. Every time i think it should stop. losses accelerate. I mean its ridiculous with 10-15 prices on these stocks???? I love the analysts who compared financials to pets.com (henry blodgett, a real tool) so we will all just leave money in our desks. And why losses on AEG?PUK, what risk do they have but to pay for ever high rates. I love how the media uses words like CAN or COULD or rumor. These guys are using this as a reason for all of us to read. Remember Bill Gross of PIMPCO says they havent stopped trading with LEHMAN yet every media outlet claims rumor of large institutions not trading with them. Why feed the fire.