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 […]

Message understood … “they” are really worried …
Who is “they”?
The FED, the Government, all the (investment) banks who fight for survival.
They fight for every(!) single day, they can hold the markets up. This might end in desaster mode …
Today’s news was:
- Gulf investors see more capital needed to save Citibank
- Intel cuts outlook
- S&P […]

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 be payable […]

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 are […]

Bond insurer ACA’s rating was slashed by S&P from A to CCC in December, but they gave them a lifeline, which expired Friday. If the CCC rating now becomes effective, it will create the next round of write offs at financials.
Friday now, Fitch cut Ambac’s rating from AAA to AA. Moody’s warned last Wednesday, that […]