My year end buys are doing great. The oils, title insurance, railroad stocks are leading the way. If I can't find any merger arbitrage plays by the time I want to lighten up, I may have to turn to Bernie Madoff for advice on how to invest for the rest of 2009. Do you think he will be allowed to manage money from prison? Old Bernie was a real success. Who else could run a $50,000,000,000 scam over 30 to 40 years. The guy absolutely knows how to be a crook. Maybe, with his newly proven record of success, he will be elected to congress where he could associate with people of the same caliber.
FYI Satyam has admitted to years of massive cooking the books. It overstated its cash position by about $1,000,000,000. Its chairman has been arrested and its board disbanded. It is being called the Indian Enron.
Between the two, I would prefer ANAT. I would buy more if I had any money left. Maybe TARP will lend me money at .25%. Will you let them know that I would be interested in about $10,000,000,000?