Enough is enough. I’ve seen this brand of cowardice before, many times, over my meaningless career as a stock junkie. Each and every time the consensus leans one way, due to a hurricane or some other sort of horrible event, the exact opposite occurs.
Granted, I might’ve been a tad early with my UVE purchase, especially in light of today’s revelation that Irma is armed with nuclear bombs. However, seeing the drop in life insurance stocks, those domiciled in land locked areas in the midwest, is a bit too much for me to bear.
I stepped in and bought ALE — because MUH hurricanes won’t kill people in Iowa.
Other life insurance stocks getting hit include LNC, CIA, FFG, MET.
You should all own a bit of FAZ, in the event the damages to Miami are anywhere near $300 billion. There is palpable damage being applied to the finnies today.
Michael Shannon knows what’s up.
Yup. There’s a storm coming! https://youtu.be/ey1Z0VhAQdA
$LPX calls for the win
I still own some FAZ from 2008 to keep me honest for shits and giggles. Probably just me and Showtime have that in common
knee jerk reaction – insurance companies will be fine… or bailed out.