SEPTEMBER 05, 2008 - The Fed will not raise rates after today's employment report that showed unemployment rising to 6.1% - there will be a call for them to lower rates now. Would continue buying recommended banks and brokers. The July 15 lows of banking and consumer stocks will hold - commodity stocks will go lower but think natural gas has bottomed. It may be getting time to buy the semis (SOX) that hit a five year low today. Oil has not bottomed yet.
is the largest financial services co in Peru - think Peru will be the next Latin American economy to catch fire - bank has 30% share of loans & 36% share of deposits - is also the largest insurance co - there is no subprime exposure - loan growth is up 40% yr/yr - will benefit from Peru's growing middle class - is expanding its branch network - recent downgrades (that were wrong) caused the stock to drop 9% off its high - is a buying oppty here
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