anyone know?
Hey, ken lay, i thought you were dead.
hey rog,
how you doing??????? met releases their info and they traded back to 20+ then tanked it....
okay, i gave you google at 320 to short, and metlife at 50 to short and you laughed.... seriously, metlife is starting to have some potentially for the long term ( i am looking at metlife hitting 15, if it does, i may go long)
yes i have been short the markets but this is really insane...
commercial real estate is the concern for metlife... tried to short the iyr and shld but etrade has no shares available.....
hey rog,
just checking in to see how you are doing being long in the 50's???
LOL, and you guys made fun of me in july and august,
also made fun of my google short at 320.....
you guys kill me....
As the market sinks lower & lower, more policyholders are redeeming (cashing in) many of the products that were sold with guarantees for a small expense charge (i.e. a rider). Take for example, MET's variable annuities with a 6% compounded annual rates-of-return guarantee, independent of what the SM market does.
Insurance industry product developers falsely assumed favorable equity returns over the course of the long-term, but if you look at the market as a whole over the past decade (i.e. down) vs. 6% compounded annually - well, you can begin to understand the loss exposure by MET et al.
CHUCKHILLER....
First, you are an idiot...Second, the rider you are referring to is called the PPS GMIB PLUS and it was released 2007. Third, you have to wait 10 years before you can elect to use the 6% rider (it has only been 1). Fourth, in order to even use the rider you must annuitize (Life with 10 year guaranty)at which point you can no longer receive the 6%. Fifth, it cost money to have the rider... so Fees x Min 10 years= insurance cash flow. Sixth read the prospectus (pgs. 66-73).
CHUCKHILLER....
First, you are an idiot...Second, the rider you are referring to is called the PPS GMIB PLUS and it was released 2007. Third, you have to wait 10 years before you can elect to use the 6% rider (it has only been 1). Fourth, in order to even use the rider you must annuitize (Life with 10 year guaranty)at which point you can no longer receive the 6%. Fifth, it cost money to have the rider... so, Fees x Min 10 years= insurance cash flow. Sixth read the prospectus (pgs. 66-73).
Link?
If MET was going down, their Debt would be yielding much more than 9.0%. The equity market is just scared. There is no willingness to look beyond last quarter. And many investors have trouble trusting any management teams given what has happened in the past 12 months. So, I look to the bond markets, who have more detailed information on what is happening in the financials of the company. If they are NOT pricing in a default, then the equity is just getting hit on Fear. So, the tide will turn and the Greed will take over and then the only Fear will be those with short positions.
Maybe the insurers have exposure to california wildfires plus I think the lawsuit against Hartford was allowed to stand. maybe they are short sold in etfs as a basket.
Met doesn't have a big exposure to the fires in California.
all i have to say is read my posts from june , july and august....
this stock is DONE!!!! The management team of this company is horrible, easy as that ,
feel the wrath of the jackkass1045.....
22 and change, now under the 2ndary price, going to 15......at this rate.....
stocks to short :
SHLD, AMZN, AND GOLDMAN SACHS.....,
Is it possible that market may be discounting consumer ability to continue premium payments in light of the current economic slump?
met and pru are probably hiding staff, they could be the next aig. if it trades like a duck it must be one, something smells bad here!
it doesnt look good here, wonder where we'll finish...
Agree.