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Non-Tech : Banks--- Betting on the recovery -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (736)	3/30/2010 11:43:52 AM
From: tejek	Respond to of 1428

How good a trader is the government???? I would assume they stink and go from there. Having said that and assuming the economy continues to improve, I think C has seen its low for the year. In fact, any drop below $4 I believe will be short lived.

To: Road Walker who wrote (736)	3/31/2010 1:23:45 PM
From: tejek	Read Replies (1) \| Respond to of 1428

I have a made a small fortune off the insurers. And this is excellent news for the banks. Mortgage insurers jump on industry data By Alistair Barr SAN FRANCISCO (MarketWatch) -- Mortgage insurers jumped Wednesday, led by PMI Group /quotes/comstock/13!pmi/quotes/nls/pmi (PMI 5.40, +0.86, +18.94%),after industry data showed a drop in home loan defaults in February. Mortgage Insurance Companies of America, an industry group, said there were 68,675 primary insurance defaults in February. That was down from 98,685 in January. So-called cures, which measure loan problems that have been resolved, were 80,758 in February, up from 61,195 the previous month, the industry group added. PMI shares jumped 21% to $5.49, while MGIC Investment /quotes/comstock/13!mtg/quotes/nls/mtg (MTG 10.98, +0.85, +8.39%) , Radian Group /quotes/comstock/13!rdn/quotes/nls/rdn (RDN 15.84, +1.23, +8.42%) and Genworth Financial /quotes/comstock/13!gnw/quotes/nls/gnw (GNW 18.20, +0.75, +4.30%) gained more than 5% each. marketwatch.com