I don't think analyst calls will help you guys much this morning. So I'm going to tell you what I like this morning:
- Goldman Sachs (NYSE:GS) down 10+ pts, near the Bear Stearns low of $140 looks like a buy. GS's been the smartest operator around.
- American International Group (NYSE:AIG) may have some value here in the $6's and $7's. Tight stops.
- Wachovia (NYSE:WB) looks interesting as MSCO and GSCO are now hunting for a bank.
fyi,
NC
What's the counterparty risk with GS? It doesn't do any good to be on the right side of a trade if the other side can't pay off. GS is pretty highly leveraged, so it won't take much to put a hurt on their capital.
ReplyDeleteGSCO counterparty risk with LEH is not huge.
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