7.9 C
New York
Thursday, April 18, 2024
HomePerspectives
Perspectives

Will Anyone Investigate Insider Trading In The Insurance Stocks?

By Ilene
0
39

By Joe Weisenthal at ClusterStock

Will Anyone Investigate Insider Trading In The Insurance Stocks? (PRU, HIG)

Excerpt:  Yesterday evening we mentioned the rally big insurers like Hartford (HIG) and Prudential (PRU).

Then just a few hours later, news reports confirmed that the insurance companies would be eligible for TARP. It was basically known that the Treasury would accept them, but the timing of the announcement was a mystery.

Given that our government’s been leaking like sieve lately (see: the stress-test runup), it’s impossible to believe that the news hadn’t been leaking during the day…

David Goldman offers the following insight:

First the Obama administration pulls the rug out from under the insurance industry by playing politics with credit seniority in the Chrysler bankruptcy, adding to the uncertainty of valuing trillions of dollars of corporate and commercial real estate debt. It then offers a bailout to the investors.

Full article here.

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

157,359FansLike
396,312FollowersFollow
2,290SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x