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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Patrick Slevin who wrote (11864)	2/12/2008 8:38:01 AM
From: Chip McVickar	Read Replies (2) of 12410

Good News from Warren.... Time to buy...!!!!!!!! Tues 12, 2008 Breifing.com 08:05 am : S&P futures vs fair value: +6.6. Nasdaq futures vs fair value: +9.0. Futures suggest higher start, and get a boost on news that Warren Buffet has offered to reinsure municipal bond insureres, with the offer extending to Ambac (ABK), MBIA (MBI) and FGIC. General Motors reported earnings of $0.08 per share, compared to the expectation the company would post a loss of $0.55 per share. The stock was originally trading higher after its report, but has since fallen into negative territory due to some confusion regarding its earnings numbers. Six major mortgage lenders are on the cusp of announcing a plan that will help homeowners delinquent with payments avoid foreclosure, according to an AP report.

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