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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (29931)	1/31/2008 11:41:17 AM
From: Jurgis Bekepuris	Respond to of 78764

The credit spreads for MBI and the terms of the equity offerings tell us already that MBI ratings are junk Although I will not argue with you about MBI ratings, I would suggest that allowing MARKET - credit spread market or equity offering market - to determine someone's ratings is foolish. If the market is in its depressive mood and scared of everything, does that mean that BRKA should lose its AAA rating? It's an extreme example, but IMO market ratings are as inprecise or even worse than agency ratings. It's like being rated by a sea of lemmings. Of course, EMT proponent would have apoplexy from my thoughts. ;)