WTF!! Mortgage Backed Securities????

Discussion in 'Stock Market' started by Tech_Esq, Aug 2, 2010.

  1. Tech_Esq
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    Tech_Esq Sic Semper Tyrannis!

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    So, I just went to rebalance my investment account and the "new model" wants me to take a 5% position in Mortgage Backed Securities.

    Ummm....does anyone think this is a good idea?
     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Lol.
     
  3. Toro
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    Toro Diamond Member

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    Depends on the price offered. If they're trading at a couple hundred bps off Treasuries, then probably not. If they're trading 500+ bps higher, then probably yes.
     
  4. topspin
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    topspin BANNED

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    I'd rather play roulette.
     
  5. Paulie
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    Paulie Platinum Member

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    I think the new "model" is meant to get the suckers to take that crap off the hands of the bag holders.
     
  6. daveman
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    daveman Diamond Member

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    I expect Barney Frank thinks it's a good idea.
     

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