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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (4924)2/12/2009 6:54:04 PM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
Well... markets will soon become unstable again, here´s why

Peckham said stocks also got a lift from a report that a House committee might approve the temporary suspension of credit default swap trading. Credit default swaps are essentially insurance policies for bond defaults; problems in that market have led to massive losses for financial services companies -- most notably, the insurer American International Group Inc.