InvestorsHub Logo
Followers 5
Posts 1171
Boards Moderated 0
Alias Born 03/16/2009

Re: Porgie Tirebiter post# 13121

Wednesday, 01/05/2011 3:12:47 PM

Wednesday, January 05, 2011 3:12:47 PM

Post# of 14996
Well, when over $100m in assets is exchanging hands on a daily basis in this investment vehicle, I fail to see how or why anyone would play it if that were true.

So you're saying despite another financial crisis, further waves of home defaults, Option ARM '11 resets, State and Local municipalities losing money from revenues (will undoubtedly need a bailout, right?)

You still believe the Russel 1000 financial index, whose top 10 holdings in Nov, 2010 were:

JPMORGAN CHASE & CO
BERKSHIRE HATHAWAY INC
WELLS FARGO & CO
BANK OF AMERICA CORP
CITIGROUP INC
GOLDMAN SACHS GROUP INC
US BANCORP
AMERICAN EXPRESS CO
MORGAN STANLEY
VISA INC

You believe that index will not track downwards?