budfox2008

Preferreds Get Crushed Again

obviously, everyone thinks that C and BAC are going to be nationalized and their preferreds are going to get wiped out just like FNM and FRE. Its pretty straight forward.

Trading Put Options With Buffett

He must be getting smashed on this investment and the others that he has made over the past two years 75 billion in equilties. He must be down 40% and a heck of a lot more on this stuff he got into. BTW...when I read this article I put a similar position but could only go out to 2010 and was forced to cover because the VIX put so much premium in them it didn't make any sense. If the market rolls over again, watch out.