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CrossProfit_'s
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567 comments
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"don’t make a financial company your largest position"
Sep 26 16:19 pm
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All Comments by CrossProfit_ »WaMu Shows, Again, Smart Money Can Be Wrong [View article]
Disagree.
1) This sweeping advice would have been true a year ago and still true three months ago.
2) Should a 'national bailout' package go through, there are several financial stocks that will benefit directly and others indirectly.
3) There may even be a few that could appreciate over 100% within a few days!
Just because WM went under doesn't mean that the rest of the troubled financial stocks have the same coming. It all depends on how the 'bailout' is structured.
CrossProfit