Will we now face the “financial tsunami” Deutsche Bank’s CEO Ackermann was warning us about? Or do the “betraying geniuses” have their work arounds ready? The news: Moody’s says it may cut Aaa ratings of Ambac, MBIA And the market does not fall … not yet??? Usually, if Moody’s cuts, it will be the second [...]

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 [...]

Analysts are still way off getting the point in this crisis … Ambac Q1 result was a net loss of $11.69 a share, versus net income of $2.02 a year earlier, the company said. Its operating loss in the latest quarter was $6.93 a share. Ambac was expected to report a loss of $1.51 a [...]

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 [...]

It could be so “easy” … We understand, that the FED is fighting to keep the air in the stock market. Because the economy might not be able to withstand the double whammy HOUSING and EQUITIES down the drain. If I get the Barron’s story on MBIA right (pls. read here) , the problem could [...]

As I am a trader, I am always interested in both sides, the bullish and the bearish. Funny and interestingly enough, sometimes the bleakest outlook creates the best (buying) opportunities. Today afternoon, I read the title story of tomorrow’s edition of BARRON’S … not really known to the world as a bullish subjective magazine Here [...]