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Re: DragonBits post# 9262

Monday, 03/17/2008 6:21:19 PM

Monday, March 17, 2008 6:21:19 PM

Post# of 19309
"So you think GTCB is a safer buy than JPM?"

No doubt about it. All financial stocks are currently in great danger, including JPM. This economic problem is not going away anytime soon even if the FEDs and the JPMs keep trying to shore it up...

Tomorrow they may lower interest rates by a full percentage point and the market may take off. But what will they do the day after tomorrow, and the week after, etc. This market is about to have a serious meltdown IMO and all the FED can do is postpone the inevitable for a while...

As for GTCB, its value is inherent in what they offer and it is in a sense dislocated from the economy. At these prices, it certainly is the safest stock out there because diseases and drug production costs are not going away even if the economy is in trouble...
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