The broad market portfolio was only up 10 basis points today, against greater moves for the major averages. Leading the charge on the downside was Fresh Del Monte. Nothing was materially up, aside from Griupo Casa Saba.
There’s a lot of “I told you so” going on in the pundit-sphere at present regarding subprime mortgages. Those that have read me at RealMoney know that I have been talking about the problems there for the past 2-3 years. I will say this, the shrillness of the Johnny-come-latelys on the issue almost make me want to reconsider my opinion.
I’ll have the results of my comparison of competitors to my portfolio available tomorrow. I’m still scrubbing the data.Full disclosure: Long FDP SAB