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To: polarisnh who wrote (7828)4/5/2008 7:19:03 AM
From: TheSlowLane  Respond to of 8010
 
I see Fannie, Freddie and Countrywide are among the 5 biggest decreases. Maybe there is a perception that systemic risk is under control, so cover the financial shorts and short the PM's. Just a guess. I see that Fitch lowered MBIA's rating, Sinclair says it is the most significant development yet in this unfolding crisis, so although we may be briefly in a small clearing, doesn't seem like we are out of the woods by a long shot.