terça-feira, 7 de outubro de 2008

Credit crisis in a different perspective

This may put the whole credit crisis in perspective:

If you had purchased $1,000 of AIG stock one year ago, you would have $42 left. With Lehman, you would have $6.60 left. With Fannie or Freddie, you would have less than $5 left. But if you had purchased $1,000 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214.

Based on the above, the best current investment advice is to drink heavily and recycle.



(recebida por email)

1 comentário:

Jose Afonso disse...

That is a fantastic comparative analysis. Trust me, I one Fannie, AIG and Lehmun and I'm getting heartburn watching this roller coaster. That said, I still buy the cheap stock like Ford, GM, Bank of America and others. This is a buyer's market, in my humble opinion.