Home › Forums › Financial Markets/Economics › Investing in rebuilding San Diego
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October 25, 2007 at 2:16 PM #10729October 25, 2007 at 3:13 PM #91830DuckParticipant
I wouldn’t short insurance companies. The estimated $1.6 billion loss is peanuts to them and this year’s losses are much less than they had planned for thanks to no hurricanes.
If you want to short think banks and brokers although with another Fed cut likely next week that’s not for sure. I still think the homebuilders have another leg down but the short interest is so high in most of them that all the covering has kept them flat or even higher for the last couple months.
October 25, 2007 at 3:13 PM #91855DuckParticipantI wouldn’t short insurance companies. The estimated $1.6 billion loss is peanuts to them and this year’s losses are much less than they had planned for thanks to no hurricanes.
If you want to short think banks and brokers although with another Fed cut likely next week that’s not for sure. I still think the homebuilders have another leg down but the short interest is so high in most of them that all the covering has kept them flat or even higher for the last couple months.
October 25, 2007 at 3:13 PM #91868DuckParticipantI wouldn’t short insurance companies. The estimated $1.6 billion loss is peanuts to them and this year’s losses are much less than they had planned for thanks to no hurricanes.
If you want to short think banks and brokers although with another Fed cut likely next week that’s not for sure. I still think the homebuilders have another leg down but the short interest is so high in most of them that all the covering has kept them flat or even higher for the last couple months.
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