MBIA … and the market does not react
Complacency? MBIA books another loss …
just bigger than their marketcap … has only 2.5% marketshare of new business in Q1 …
Markets still green …
HSBC … took their expected write offs … and see housing problems continue … (so do I)
Nobody cares … they need to buy?
Putting still unused cash to work? Shortcovering?
I’d love to be optimistic … but markets seem to become fairly stretched again …
Looking for exits … and short entries here … 
Tags: bond insurers, HSBC, MBIA
