Rollercoastering on …
We survived January … and it was NOT the worst start of a year … as we recovered thanks to Uncle Ben …
January was down “only” 6.3% (S&P) … Nasdaq was down 9.9%.
The bond insurer problem still the tail wagging the dog …
Yesterday, CNBC spread rumours, that S&P will downgrade SOME of the bond insurers as soon as today … market sells off
Today morning, MBIA results are valued in Europe … market moves down close to 3%
Today aftenoon, MBIA makes a conference call, saying, they are confident in keeping their AAA rating … Market moves up, challenging yesterdays highs
Today … 5 minutes!!! before the close … S&P downgrades one bond insurer and puts 2 … MBIA as well … on negative watch. Market sells off … 2% on the S&P in “seconds”
HOW “funny” …
After the close Google missed by a penny, and sold off to down 7% after being up 4% in the afternoon.
Tomorrow, payroll Friday … so good luck to all of you!
Tags: bond insurers, Google, January, MBIA, S&P
Januar 31st, 2008 at 23:23
I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.
Chris Moran