Tuesday, July 14, 2009

JPM scratches PRU's back

JPM upgrades PRU on "easing capital concerns." Remember last year when Goldman was slamming the insurance companies, and saying how capital constrained they were, and that they were "liquidation unwind" trades?

Now that they have the TARP money, and the stocks were sold in the hole, it's time to rally around the flag!

I still like HIG and LNC in the group.

1 comment:

Palmoni said...

PRU rejected TARP $, HIG and LNC didn't.