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Strategies & Market Trends : Classic TA Workplace
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To: reaper who wrote (66308)2/13/2003 11:32:11 AM
From: Perspective  Read Replies (1) of 209892
 
Wait a minute, who insures those credit card receivables trusts? Oh, nevermind, it's MBIA. We're saved. <s>

I wonder if that's what's ailing MBI. Some solid distribution there in recent days. I have an MBI autoshort rule, much like your CFO departure: the day that MBI implodes, I will immediately add 12-25% of my equity in index shorts. There is the Fannie corollary as well: if they implode, same thing. Close your eyes and short SPY at market.

Those two ARE the credit bubble. When either one goes, you can kiss >1% of GDP goodbye.

BC
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