I didn’t have time to finish part II of ‘we are our best advisors’ because I realized I had more to say on that topic than I realized. It will be done tomorrow so please check back, I think you will enjoy the article.
I did want to quickly address the after market news regarding the TARP funds for the major insurers. Although my personal opinion on the matter is that needing and/or accepting this loan is philosophically bad (adding D.C. as “partner” is never good), I do believe the market will respond positively to this news tomorrow (remember when GNW got beat up when the news that they woudn’t be receiving government aid hit the street). Hopefully, that movement will translate to the entire insurance sector.
In the short term I expect GNW and CNO to benefit from the insurance sector movement and in the long run benefit from being stable and well-managed enough not to require TARP funds.
This market’s mindset has befuddled me in the short run many times recently, but I will go out on a limb and say that I expect a strong day tomorrow with GNW in the mid to high fives and CNO at three and change.
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Filed under: Elroy Vincent LLC, General Tagged: | Stocks, TARP
I’m with you on GNW. If you need publishing assistance, contact me.
Hi, Allen. I may take you up on that. I have two different projects right now, both of which will require publishing efforts of some sort. I will get in touch in the very near future and see if your services and my requirements are compatible.
-Matt