Reading all these bullish posts blows my mind. Last April/May was nothing like this. The lower we get the more adamant these guys are that we rally. It means either we HAVE bottomed, or are NO WHERE near a bottom. :) Take your pick.
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BTW, check out MBI. 207.61.23.99
Looks ready to fill the gap at 55. Look at there profile. Not to good of a sector in a recession.
MBIA, Inc. is engaged in providing financial guarantee insurance and investment management and financial services to public finance clients and financial institutions on a global basis. Financial guarantees for municipal bonds, asset-backed and mortgage-backed securities, investor-owned utility bonds, and collateralized obligations of sovereigns, corporations and financial institutions, both in the new issue and secondary markets, are provided through the Company's wholly owned subsidiary, MBIA Insurance Corporation. The Company also provides investment management products and financial services through a group of subsidiary companies. These services include cash management, municipal investment agreements, discretionary asset management, purchase and administrative services, and municipal revenue enhancement services. |
