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Category Archives: MBI

Thursday Wrap-Up: AIG Leads The Market Back To Green!

Today the market opened on the weak side.  Most commodity sectors were pretty weak in the morning.  However, AIG continued to push higher.  Yesterday, in our Trading Room, Bagger Vance made an "buy" alert on AIG: Bagger Vance August 26, 2009 11:52 AM (PST) I’M GETTING AN AIG CALL PLAY ALERT HERE…take a look, if it’s [...]

Financials Rally In A Red Market Day! SPX, Nasdaq, AIG, CIT, ABK, MBI, WFC, BAC, JPM, GS, PNC, CSCO

Finally, the market gets a down day.  But, there were still plenty of winners.  Financials charged up higher today.  XLF (financial ETF) added +3.45%, closing above $14!  SKF (financial ultrashort ETF) closed at a new low, below $30, at $29.29.  AIG was the big story in the sector, jumping +62.72% on the day, up +$8.48 [...]

Review 1/23/08: SPX, Nasdaq, MBI (MBIA), ABK (Ambac Financial), WYNN (Wynn Resorts), COF (Capital One Financial), QCOM (Qualcomm)

What a wild day! The market was down “HUGE”, with the Nasdaq down almost 90 points at one point (AAPL was down almost $30, trading at $126; and GOOG was down over $65, trading under $520.)! This weekend, in my weekly Market Forecast, I said, “For the new week, the market could look to start [...]