Tuesday, September 27, 2011

What is the best stock to buy before the bailout?

I want to buy a stock tomorow (sept 25) or soon after, then wait for the bailout. Which stock should benefit most from this news?|||Washington Mutual (WM)|||I wouldnt buy Washington Mutual. Their stocks fell 25% today with the word they are trying to find a buyer or some or some other way out of their financial situation. I dont see the worth at all.





Also they cant even find a buyer Standard %26amp; Poor鈥檚 Ratings Services downgraded them again yesterday

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|||Oops. WaMu go bye-bye.

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|||NEVER take advice about money from someone who isnt your financial advisor.





youll probably end up regretting it in the end.

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|||I hate to pick one stock for you, then have it be the ONE that does not participate in a rally. I would suggest an ETF that covers the financial sector - IYF (ishares DJ Financial), UYG (ULTRA financial proshares - 200% of the financial ETF), etc.





Research all of them and see which you feel comfortable with.





Good luck!|||Goldman Sachs

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